Las Vegas Sands (NYSE:LVS) Releases Earnings Results, Beats Estimates By $0.13 EPS

Las Vegas Sands (NYSE:LVS) issued its earnings results on Wednesday. The casino operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13, Briefing.com reports. Las Vegas Sands had a return on equity of 41.81% and a net margin of 13.99%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. Las Vegas Sands’s revenue for the quarter was up 34.9% on a year-over-year basis.

Las Vegas Sands Stock Down 8.7 %

Shares of NYSE:LVS opened at $45.88 on Friday. The company has a market capitalization of $34.47 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. The business has a fifty day moving average price of $52.22 and a two-hundred day moving average price of $49.60. Las Vegas Sands has a 1 year low of $43.77 and a 1 year high of $65.58.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were paid a $0.20 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LVS. Coppell Advisory Solutions LLC bought a new position in shares of Las Vegas Sands during the 2nd quarter worth $29,000. Retirement Group LLC bought a new position in shares of Las Vegas Sands during the 4th quarter worth $31,000. Lazard Asset Management LLC grew its stake in shares of Las Vegas Sands by 1,951.2% during the 3rd quarter. Lazard Asset Management LLC now owns 841 shares of the casino operator’s stock worth $38,000 after acquiring an additional 800 shares during the period. Tyler Stone Wealth Management purchased a new stake in Las Vegas Sands during the 2nd quarter worth about $46,000. Finally, Dark Forest Capital Management LP lifted its holdings in Las Vegas Sands by 83,900.0% during the 1st quarter. Dark Forest Capital Management LP now owns 840 shares of the casino operator’s stock worth $48,000 after purchasing an additional 839 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LVS. Mizuho lowered their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Stifel Nicolaus lowered their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Morgan Stanley increased their price target on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.