Las Vegas Sands (NYSE:LVS) Posts Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Key Points

• Las Vegas Sands reported $0.54 in quarterly EPS, missing the $0.68 analyst consensus by $0.14. Revenue totaled $3.22 billion, below estimates of $3.33 billion.
• Shares fell $0.70 to $37.47 following the results, near the company’s one-year low of $35.28. The stock’s market capitalization is approximately $24.27 billion.
• Analyst sentiment remains mixed but leans positive, with an overall “Moderate Buy” rating and an average price target of $57.69; several firms recently lowered targets or downgraded the stock.

Las Vegas Sands (NYSE:LVS - Get Free Report) issued its earnings results on Wednesday. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.14), FiscalAI reports. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.33 billion.

Las Vegas Sands Price Performance

Shares of NYSE:LVS traded down $0.70 on Wednesday, reaching $37.47. 6,043,827 shares of the company were exchanged, compared to its average volume of 5,088,096. The firm has a market cap of $24.27 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 0.94 and a beta of 0.78. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The company has a 50-day moving average of $41.40 and a 200-day moving average of $46.98. Las Vegas Sands has a 1-year low of $35.28 and a 1-year high of $70.45.

Wall Street Analysts Forecast Growth

LVS has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set an "equal weight" rating for the company in a report on Monday. HC Wainwright cut shares of Las Vegas Sands to a "neutral" rating in a report on Thursday, July 30th. Stifel Nicolaus decreased their price objective on Las Vegas Sands from $60.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday. Argus downgraded shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, July 30th. Finally, Zacks Research upgraded shares of Las Vegas Sands from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $57.69.

About Las Vegas Sands

Las Vegas Sands Corp. NYSE: LVS is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands' principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.

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