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

Las Vegas Sands (NYSE:LVS) 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

LVS has been the topic of several analyst reports. Macquarie dropped their target price on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Stifel Nicolaus upped their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday. UBS Group downgraded Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $49.00 in a report on Friday, August 23rd. Finally, Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.92.

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.