Las Vegas Sands (NYSE:LVS) Issues Earnings Results, Misses Estimates By $0.17 EPS

Las Vegas Sands (NYSE:LVS) issued its quarterly earnings results on Wednesday. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17), FiscalAI reports. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion.

Las Vegas Sands Stock Performance

LVS traded down $0.21 on Wednesday, reaching $45.26. The company had a trading volume of 7,127,344 shares, compared to its average volume of 4,840,090. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. Las Vegas Sands has a 1 year low of $44.22 and a 1 year high of $70.45. The stock has a market capitalization of $29.99 billion, a PE ratio of 16.76, a P/E/G ratio of 1.04 and a beta of 0.83. The stock has a 50-day moving average price of $48.55 and a 200-day moving average price of $53.54.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LVS shares. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Barclays dropped their target price on Las Vegas Sands from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Susquehanna cut their price target on Las Vegas Sands from $72.00 to $64.00 and set a “positive” rating on the stock in a research note on Wednesday. Morgan Stanley lifted their price target on Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.38.

Institutional Trading of Las Vegas Sands

Several institutional investors and hedge funds have recently made changes to their positions in the company. DV Equities LLC acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Las Vegas Sands in the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB lifted its stake in Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after buying an additional 400 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Las Vegas Sands by 182.4% in the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after acquiring an additional 434 shares during the period. Finally, Intesa Sanpaolo Wealth Management purchased a new position in shares of Las Vegas Sands during the fourth quarter worth approximately $48,000. 39.16% of the stock is owned by hedge funds and other institutional investors.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.