Las Vegas Sands (NYSE:LVS) Issues Earnings Results

Las Vegas Sands (NYSE:LVS) announced its quarterly earnings results 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. Las Vegas Sands had a return on equity of 41.81% and a net margin of 13.99%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The company’s quarterly revenue was up 34.9% on a year-over-year basis.

Las Vegas Sands Trading Down 8.7 %

Las Vegas Sands stock opened at $45.88 on Friday. The firm has a 50 day simple moving average of $52.22 and a 200-day simple moving average of $49.60. 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 stock has a market capitalization of $34.47 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. Las Vegas Sands has a 12-month low of $43.77 and a 12-month high of $65.58.

Las Vegas Sands Announces Dividend

The business 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. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Wall Street Analysts Forecast Growth

LVS has been the subject of several research reports. Jefferies Financial Group lowered their price objective on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday. Mizuho decreased their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Barclays decreased their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday. Stifel Nicolaus decreased their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Citigroup upped their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average price target of $64.47.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were 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 $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Las Vegas Sands

Several hedge funds have recently made changes to their positions in the company. MML Investors Services LLC lifted its position in shares of Las Vegas Sands by 1.9% in the 1st quarter. MML Investors Services LLC now owns 9,767 shares of the casino operator’s stock valued at $561,000 after acquiring an additional 185 shares in the last quarter. Horizon Investments LLC lifted its position in Las Vegas Sands by 4.3% in the 2nd quarter. Horizon Investments LLC now owns 4,964 shares of the casino operator’s stock worth $287,000 after buying an additional 204 shares in the last quarter. Baird Financial Group Inc. lifted its position in Las Vegas Sands by 0.7% in the 4th quarter. Baird Financial Group Inc. now owns 32,842 shares of the casino operator’s stock worth $1,579,000 after buying an additional 216 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its position in Las Vegas Sands by 16.4% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 1,560 shares of the casino operator’s stock worth $75,000 after buying an additional 220 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in Las Vegas Sands by 2.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,210 shares of the casino operator’s stock worth $454,000 after buying an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

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.