Las Vegas Sands (NYSE:LVS – Get Free Report) announced its quarterly earnings data on Wednesday. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17), FiscalAI reports. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion.
Las Vegas Sands Stock Down 0.5%
Shares of LVS traded down $0.21 during midday trading on Wednesday, reaching $45.26. 7,010,480 shares of the stock were exchanged, compared to its average volume of 4,840,090. Las Vegas Sands has a 52 week low of $44.22 and a 52 week high of $70.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The company’s 50 day moving average is $48.55 and its two-hundred day moving average is $53.54. The company has a market capitalization of $29.99 billion, a P/E ratio of 16.76, a PEG ratio of 1.04 and a beta of 0.83.
Institutional Trading of Las Vegas Sands
A number of hedge funds have recently added to or reduced their stakes in the business. DV Equities LLC bought a new position in Las Vegas Sands during the 4th quarter worth about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Las Vegas Sands in the 4th quarter valued at about $29,000. IFP Advisors Inc lifted its position in shares of Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after purchasing an additional 434 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of Las Vegas Sands by 254.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after purchasing an additional 400 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in shares of Las Vegas Sands during the second quarter valued at approximately $44,000. 39.16% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on LVS
About Las Vegas Sands
Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.
The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.
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