Las Vegas Sands (NYSE:LVS) Announces Earnings Results, Beats Expectations By $0.13 EPS

Las Vegas Sands (NYSE:LVS) issued its quarterly earnings results on Wednesday. The casino operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13, Briefing.com reports. Las Vegas Sands had a net margin of 13.99% and a return on equity of 41.81%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 34.9% on a year-over-year basis.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock traded up $0.28 during trading hours on Friday, reaching $46.16. 2,358,778 shares of the stock traded hands, compared to its average volume of 4,578,870. The company has a 50 day moving average price of $52.22 and a 200 day moving average price of $49.60. The firm has a market capitalization of $34.68 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 0.82 and a beta of 1.16. Las Vegas Sands has a one year low of $43.77 and a one year high of $65.58. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 2.96.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.73%. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Insider Buying and Selling at Las Vegas Sands

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 stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Las Vegas Sands by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock valued at $1,815,760,000 after acquiring an additional 4,264,043 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Las Vegas Sands by 20.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,638,753 shares of the casino operator’s stock valued at $1,556,945,000 after acquiring an additional 5,439,735 shares during the period. BlackRock Inc. grew its stake in shares of Las Vegas Sands by 1.4% during the 1st quarter. BlackRock Inc. now owns 23,298,767 shares of the casino operator’s stock valued at $1,338,514,000 after acquiring an additional 330,221 shares during the period. State Street Corp grew its stake in shares of Las Vegas Sands by 2.9% during the 1st quarter. State Street Corp now owns 13,898,679 shares of the casino operator’s stock valued at $540,242,000 after acquiring an additional 394,616 shares during the period. Finally, Voya Investment Management LLC grew its stake in shares of Las Vegas Sands by 7.6% during the 4th quarter. Voya Investment Management LLC now owns 8,645,791 shares of the casino operator’s stock valued at $425,149,000 after acquiring an additional 612,511 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LVS. Stifel Nicolaus cut their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup lifted their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Barclays cut their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

About Las Vegas Sands

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.