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

Las Vegas Sands (NYSE:LVS) issued its quarterly earnings results on Wednesday. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13, Briefing.com reports. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 11.77% and a return on equity of 34.40%. Las Vegas Sands’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share.

Las Vegas Sands Stock Down 0.6 %

LVS stock traded down $0.28 during trading on Wednesday, reaching $50.23. The stock had a trading volume of 9,011,827 shares, compared to its average volume of 4,380,892. Las Vegas Sands has a one year low of $43.77 and a one year high of $65.58. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 2.96. The company’s 50 day moving average is $52.43 and its two-hundred day moving average is $49.62. The company has a market capitalization of $37.74 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 0.81 and a beta of 1.16.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Monday, February 5th. Las Vegas Sands’s payout ratio is 50.00%.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors have recently added to or reduced their stakes in LVS. Price T Rowe Associates Inc. MD boosted its stake in Las Vegas Sands by 20.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,638,753 shares of the casino operator’s stock valued at $1,556,945,000 after acquiring an additional 5,439,735 shares during the last quarter. Vanguard Group Inc. boosted its stake in Las Vegas Sands by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock valued at $1,815,760,000 after acquiring an additional 4,264,043 shares during the last quarter. Norges Bank purchased a new position in Las Vegas Sands in the fourth quarter valued at about $164,559,000. Prudential Financial Inc. boosted its stake in Las Vegas Sands by 233.1% in the first quarter. Prudential Financial Inc. now owns 984,120 shares of the casino operator’s stock valued at $38,253,000 after acquiring an additional 688,676 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Las Vegas Sands by 7.6% in the fourth quarter. Voya Investment Management LLC now owns 8,645,791 shares of the casino operator’s stock valued at $425,149,000 after acquiring an additional 612,511 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LVS. Morgan Stanley boosted their target price on shares of 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 raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Mizuho initiated coverage on shares of Las Vegas Sands in a research note on Tuesday, March 26th. They issued a “buy” rating and a $70.00 price target for the company. Finally, Barclays lifted their price target on shares of Las Vegas Sands from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus target price 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.