Las Vegas Sands (NYSE:LVS - Get Free Report) posted its quarterly earnings data on Wednesday. The casino operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.62 by $0.13, Briefing.com reports. The company had revenue of $2.86 billion during 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 quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share.
Las Vegas Sands Stock Down 0.6 %
Las Vegas Sands stock traded down $0.28 during trading hours on Wednesday, reaching $50.23. The stock had a trading volume of 9,065,845 shares, compared to its average volume of 4,381,070. The company has a market cap of $37.74 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 0.81 and a beta of 1.16. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. The business's 50 day moving average price is $52.37 and its 200-day moving average price is $49.62. Las Vegas Sands has a 52 week low of $43.77 and a 52 week high of $65.58.
Las Vegas Sands Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were issued a $0.20 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.59%. Las Vegas Sands's payout ratio is currently 50.00%.
Analysts Set New Price Targets
LVS has been the subject of several recent analyst reports. Mizuho initiated coverage on shares of Las Vegas Sands in a research note on Tuesday, March 26th. They set a "buy" rating and a $70.00 price objective for the company. Morgan Stanley lifted their target price on Las Vegas Sands from $61.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 9th. StockNews.com upgraded Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Wednesday, April 10th. Finally, Barclays lifted their target price on Las Vegas Sands from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average target price of $68.37.
Read Our Latest Report on LVS
Insiders Place Their Bets
In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the business'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 transaction, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Las Vegas Sands
A number of large investors have recently added to or reduced their stakes in LVS. Vestor Capital LLC grew its stake in shares of Las Vegas Sands by 175.2% during the second quarter. Vestor Capital LLC now owns 2,356 shares of the casino operator's stock worth $137,000 after acquiring an additional 1,500 shares during the last quarter. Groupama Asset Managment purchased a new stake in shares of Las Vegas Sands during the fourth quarter worth about $113,000. State of Wyoming purchased a new stake in shares of Las Vegas Sands during the fourth quarter worth about $112,000. LM Advisors LLC purchased a new stake in shares of Las Vegas Sands during the fourth quarter worth about $111,000. Finally, Industrial Alliance Investment Management Inc. grew its stake in shares of Las Vegas Sands by 16.4% during the fourth quarter. Industrial Alliance Investment Management Inc. now owns 1,560 shares of the casino operator's stock worth $75,000 after acquiring an additional 220 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.
About Las Vegas Sands
(
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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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