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

Las Vegas Sands (NYSE:LVS) issued its earnings results on Wednesday. The casino operator reported $0.75 earnings per share (EPS) 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 business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 34.9% on a year-over-year basis.

Las Vegas Sands Stock Performance

Shares of LVS opened at $45.88 on Friday. The business’s 50 day moving average is $52.22 and its two-hundred day moving average is $49.60. Las Vegas Sands has a 52-week low of $43.77 and a 52-week high of $65.58. The firm has a market cap of $34.47 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 0.82 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 2.96.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently made changes to their positions in LVS. Raymond James Financial Services Advisors Inc. raised its position in shares of Las Vegas Sands by 13.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,767 shares of the casino operator’s stock valued at $1,818,000 after acquiring an additional 5,716 shares in the last quarter. American Century Companies Inc. raised its position in shares of Las Vegas Sands by 17.1% during the 1st quarter. American Century Companies Inc. now owns 13,612 shares of the casino operator’s stock valued at $529,000 after acquiring an additional 1,985 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Las Vegas Sands by 6.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,282 shares of the casino operator’s stock valued at $1,294,000 after acquiring an additional 2,145 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of Las Vegas Sands by 26.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,502 shares of the casino operator’s stock valued at $525,000 after acquiring an additional 2,848 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Las Vegas Sands by 47.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 27,000 shares of the casino operator’s stock valued at $1,050,000 after acquiring an additional 8,711 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday. Citigroup boosted their target price on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley upped their price target on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Jefferies Financial Group decreased their price target on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a report on Thursday. Finally, Mizuho decreased their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

Las Vegas Sands Company Profile

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.