Las Vegas Sands (NYSE:LVS – Get Free Report) 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
Read Our Latest Analysis on LVS
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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