Las Vegas Sands (NYSE:LVS) Announces Earnings Results, Beats Estimates By $0.16 EPS

Key Points

• Las Vegas Sands reported **$0.78 EPS** for the quarter, exceeding analysts' estimates of **$0.62** by **$0.16**.
• The company's stock decreased by **0.1%**, closing at **$50.55** with a market cap of **$34.70 billion**.
• Analysts have given Las Vegas Sands a consensus rating of **"Moderate Buy"**, with a target price around **$60.80**.

Las Vegas Sands (NYSE:LVS - Get Free Report) posted its quarterly earnings results on Wednesday. The casino operator reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.16, Zacks reports. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.

Las Vegas Sands Stock Down 0.1%

NYSE:LVS traded down $0.07 during trading hours on Wednesday, reaching $50.55. The company's stock had a trading volume of 4,302,766 shares, compared to its average volume of 5,588,375. The company has a market cap of $34.70 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.81 and a beta of 1.01. Las Vegas Sands has a one year low of $30.18 and a one year high of $58.05. The business's 50-day moving average is $53.31 and its 200-day moving average is $46.34. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21.

Institutional Investors Weigh In On Las Vegas Sands

A number of large investors have recently bought and sold shares of LVS. MUFG Securities EMEA plc acquired a new position in Las Vegas Sands during the 2nd quarter worth $44,000. EverSource Wealth Advisors LLC lifted its position in Las Vegas Sands by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator's stock worth $93,000 after acquiring an additional 1,027 shares during the last quarter. ICONIQ Capital LLC acquired a new position in Las Vegas Sands during the 2nd quarter worth $232,000. NewEdge Advisors LLC lifted its position in Las Vegas Sands by 798.3% during the 2nd quarter. NewEdge Advisors LLC now owns 5,830 shares of the casino operator's stock worth $254,000 after acquiring an additional 5,181 shares during the last quarter. Finally, Sender Co & Partners Inc. acquired a new position in shares of Las Vegas Sands during the second quarter valued at about $284,000. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LVS has been the subject of a number of research reports. Mizuho lifted their target price on Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Citigroup reissued a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Wall Street Zen raised Las Vegas Sands from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. Zacks Research raised Las Vegas Sands from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Finally, UBS Group upped their price target on Las Vegas Sands from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.80.

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.

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