Las Vegas Sands (NYSE:LVS) Announces Quarterly Earnings Results

Las Vegas Sands (NYSE:LVS) posted its earnings results on Wednesday. The casino operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.13, Briefing.com reports. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 41.81% and a net margin of 13.99%. Las Vegas Sands’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share.

Las Vegas Sands Trading Up 1.0 %

Shares of Las Vegas Sands stock traded up $0.44 during trading hours on Friday, reaching $46.32. The stock had a trading volume of 2,519,611 shares, compared to its average volume of 4,580,970. The firm has a 50 day simple moving average of $52.22 and a two-hundred day simple moving average of $49.60. The firm has a market capitalization of $34.80 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 0.82 and a beta of 1.16. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96. Las Vegas Sands has a 1 year low of $43.77 and a 1 year high of $65.58.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be issued a $0.20 dividend. 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 (DPR) is 38.65%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the transaction, 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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Las Vegas Sands

Hedge funds have recently modified their holdings of the stock. Coppell Advisory Solutions LLC purchased a new stake in shares of Las Vegas Sands during the 2nd quarter valued at about $29,000. Retirement Group LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $31,000. Lazard Asset Management LLC raised its holdings in shares of Las Vegas Sands by 1,951.2% during the 3rd quarter. Lazard Asset Management LLC now owns 841 shares of the casino operator’s stock valued at $38,000 after buying an additional 800 shares during the period. Tyler Stone Wealth Management purchased a new stake in Las Vegas Sands during the 2nd quarter worth approximately $46,000. Finally, Dark Forest Capital Management LP increased its holdings in Las Vegas Sands by 83,900.0% during the 1st quarter. Dark Forest Capital Management LP now owns 840 shares of the casino operator’s stock worth $48,000 after purchasing an additional 839 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LVS. Jefferies Financial Group lowered their target price on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday. Citigroup upped their target price on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley increased their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Finally, Wells Fargo & Company decreased their price objective on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

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.