Las Vegas Sands (NYSE:LVS – Get Free Report) released its earnings results on Wednesday. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09), Briefing.com reports. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the firm posted $0.55 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year.
Las Vegas Sands Stock Performance
LVS traded up $0.29 during midday trading on Friday, reaching $52.76. The company had a trading volume of 7,170,194 shares, compared to its average volume of 5,781,293. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The business has a 50-day moving average of $45.43 and a two-hundred day moving average of $44.45. The company has a market cap of $39.31 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.49 and a beta of 1.12. Las Vegas Sands has a 1 year low of $36.62 and a 1 year high of $55.65.
Las Vegas Sands Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, November 4th. Las Vegas Sands’s payout ratio is 38.65%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Las Vegas Sands
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.
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