Las Vegas Sands (NYSE:LVS) posted its earnings results on Wednesday. The casino operator reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19, Bloomberg Earnings reports. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.37 billion. Las Vegas Sands had a net margin of 21.78% and a return on equity of 33.90%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS.
Shares of Las Vegas Sands stock traded down $1.45 on Wednesday, reaching $72.34. The stock had a trading volume of 3,871,038 shares, compared to its average volume of 3,633,266. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.22. Las Vegas Sands has a 1 year low of $56.33 and a 1 year high of $79.84. The company has a market cap of $58,724.36, a P/E ratio of 23.80 and a beta of 1.65.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Wednesday, June 20th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.15%. Las Vegas Sands’s payout ratio is currently 98.68%.
In other news, COO Robert G. Goldstein sold 39,155 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $76.00, for a total value of $2,975,780.00. Following the transaction, the chief operating officer now owns 39,155 shares of the company’s stock, valued at approximately $2,975,780. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.10% of the stock is owned by insiders.
LVS has been the topic of a number of research reports. Stifel Nicolaus reissued a “buy” rating and set a $88.00 target price (up previously from $76.00) on shares of Las Vegas Sands in a research report on Thursday, January 25th. Jefferies Group reissued a “hold” rating on shares of Las Vegas Sands in a research report on Thursday, January 25th. ValuEngine raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. JPMorgan Chase raised their target price on shares of Las Vegas Sands from $63.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Finally, Morgan Stanley raised their target price on shares of Las Vegas Sands from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, April 19th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $73.17.
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About Las Vegas Sands
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 Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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