Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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. The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; and the Sands Expo and Convention Center in Las Vegas, Nevada. Its integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.
Las Vegas Sands Trading Down 2.2 %
Shares of LVS opened at $37.45 on Thursday. The firm's 50 day simple moving average is $35.42 and its 200 day simple moving average is $37.34. The company has a market capitalization of $28.62 billion, a P/E ratio of 16.43 and a beta of 1.25. The company has a debt-to-equity ratio of 3.63, a current ratio of 3.35 and a quick ratio of 3.33. Las Vegas Sands has a 1-year low of $28.88 and a 1-year high of $48.27.
Las Vegas Sands (NYSE:LVS - Get Rating) last posted its quarterly earnings results on Wednesday, July 20th. The casino operator reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.05). The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $949.40 million. Las Vegas Sands had a negative return on equity of 31.93% and a net margin of 45.39%. The company's revenue was down 10.9% compared to the same quarter last year. During the same period last year, the business posted ($0.26) earnings per share. Sell-side analysts forecast that Las Vegas Sands will post -1.1 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on LVS shares. Wells Fargo & Company upgraded shares of Las Vegas Sands from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $43.00 to $45.00 in a research report on Thursday, July 21st. Barclays increased their target price on shares of Las Vegas Sands from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Thursday, July 21st. StockNews.com upgraded shares of Las Vegas Sands to a "sell" rating in a research report on Tuesday, May 10th. Morgan Stanley cut their price objective on shares of Las Vegas Sands from $44.00 to $39.00 and set an "equal weight" rating for the company in a research report on Monday, April 25th. Finally, Stifel Nicolaus raised their price objective on shares of Las Vegas Sands from $46.00 to $50.00 in a research report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.38.