Las Vegas Sands (NYSE:LVS) posted its quarterly earnings data on Tuesday. The casino operator reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.09), RTT News reports. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Las Vegas Sands had a negative return on equity of 47.40% and a negative net margin of 64.84%. The company’s revenue for the quarter was up 1096.9% on a year-over-year basis. During the same quarter last year, the company earned ($1.05) earnings per share.
Shares of Las Vegas Sands stock traded down $1.83 during trading on Thursday, reaching $47.59. 710,690 shares of the stock traded hands, compared to its average volume of 6,156,530. The firm has a market cap of $36.36 billion, a P/E ratio of -18.61 and a beta of 1.42. The firm’s fifty day moving average price is $54.10. The company has a debt-to-equity ratio of 4.52, a current ratio of 2.28 and a quick ratio of 2.27. Las Vegas Sands has a 52-week low of $42.58 and a 52-week high of $66.76.
Several equities research analysts have recently commented on LVS shares. Credit Suisse Group upped their price objective on Las Vegas Sands from $58.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, April 22nd. Zacks Investment Research upgraded Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 price objective for the company in a research note on Tuesday, March 30th. Stifel Nicolaus cut their price target on Las Vegas Sands from $77.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $73.00 price target on shares of Las Vegas Sands in a research note on Thursday. Finally, Jefferies Financial Group increased their price target on Las Vegas Sands from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, April 19th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus 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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