Las Vegas Sands (NYSE:LVS) Releases Earnings Results, Misses Expectations By $0.09 EPS

Las Vegas Sands (NYSE:LVS) issued its quarterly earnings results on Wednesday. The casino operator reported $0.44 earnings per share (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 business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year.

Las Vegas Sands Trading Up 2.1 %

LVS stock traded up $1.10 during mid-day trading on Friday, reaching $53.57. The company had a trading volume of 2,042,473 shares, compared to its average volume of 5,756,522. The company has a market capitalization of $39.91 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. The firm has a 50 day moving average of $44.94 and a 200 day moving average of $44.40. Las Vegas Sands has a 12 month low of $36.62 and a 12 month high of $55.65. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57.

Las Vegas Sands Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.49%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LVS. Susquehanna lifted their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Jefferies Financial Group dropped their price objective on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. upped their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.