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

Las Vegas Sands (NYSE:LVS) released its quarterly 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 34.40% and a net margin of 11.77%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the business posted $0.28 EPS. The company’s revenue was up 34.9% compared to the same quarter last year.

Las Vegas Sands Stock Down 0.6 %

Shares of NYSE LVS traded down $0.28 during midday trading on Wednesday, hitting $50.23. 7,728,785 shares of the company’s stock were exchanged, compared to its average volume of 4,363,554. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. Las Vegas Sands has a twelve month low of $43.77 and a twelve month high of $65.58. The company has a market cap of $37.74 billion, a PE ratio of 31.57, a P/E/G ratio of 0.81 and a beta of 1.16. The firm’s fifty day simple moving average is $52.43 and its 200-day simple moving average is $49.62.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Monday, February 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 50.00%.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of the firm’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 transaction of $5,206,000.00. Following 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new position in shares of Las Vegas Sands in the 2nd quarter valued at approximately $29,000. Retirement Group LLC purchased a new stake in shares of Las Vegas Sands in the fourth quarter valued at approximately $31,000. Lazard Asset Management LLC boosted its stake in shares of Las Vegas Sands by 1,951.2% in the third quarter. Lazard Asset Management LLC now owns 841 shares of the casino operator’s stock valued at $38,000 after buying an additional 800 shares in the last quarter. Tyler Stone Wealth Management purchased a new stake in shares of Las Vegas Sands in the second quarter valued at approximately $46,000. Finally, Dark Forest Capital Management LP boosted its stake in shares of Las Vegas Sands by 83,900.0% in the first quarter. Dark Forest Capital Management LP now owns 840 shares of the casino operator’s stock valued at $48,000 after buying an additional 839 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Wall Street Analyst Weigh In

LVS has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Barclays raised their target price on Las Vegas Sands from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Finally, Mizuho initiated coverage on Las Vegas Sands in a report on Tuesday, March 26th. They set a “buy” rating and a $70.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.37.

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.