Las Vegas Sands (NYSE:LVS) posted its quarterly earnings data on Tuesday. The casino operator reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.09), RTT News reports. Las Vegas Sands had a negative return on equity of 47.40% and a negative net margin of 64.84%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm posted ($1.05) earnings per share. The company’s quarterly revenue was up 1096.9% on a year-over-year basis.
NYSE LVS traded down $1.83 during trading hours on Thursday, hitting $47.59. 710,690 shares of the company’s stock traded hands, compared to its average volume of 6,156,530. Las Vegas Sands has a 52-week low of $42.58 and a 52-week high of $66.76. The company has a market cap of $36.36 billion, a P/E ratio of -18.61 and a beta of 1.42. The company has a quick ratio of 2.27, a current ratio of 2.28 and a debt-to-equity ratio of 4.52. The company’s 50-day moving average is $54.10.
Several equities research analysts have recently commented on the stock. Morgan Stanley lowered their price objective on shares of Las Vegas Sands from $58.00 to $53.00 and set an “equal weight” rating for the company in a research note on Thursday. Credit Suisse Group lifted their price objective on shares of Las Vegas Sands from $58.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, April 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $73.00 target price on shares of Las Vegas Sands in a research report on Thursday. Jefferies Financial Group boosted their target price on shares of Las Vegas Sands from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, April 19th. Finally, Zacks Investment Research upgraded shares of Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 target price for the company in a research report on Tuesday, March 30th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Las Vegas Sands currently has an average rating of “Buy” and an average target price of $60.46.
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.
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