Las Vegas Sands (NYSE:LVS) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Las Vegas Sands (NYSE:LVS) issued its earnings results on Wednesday. The casino operator reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04), Zacks reports. Las Vegas Sands had a net margin of 12.80% and a return on equity of 43.76%.

Las Vegas Sands Stock Performance

LVS opened at $48.26 on Friday. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $56.60. The company has a market cap of $34.99 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.00 and a beta of 1.09. The company’s fifty day moving average price is $49.90 and its two-hundred day moving average price is $46.71. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09.

Las Vegas Sands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Monday, February 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.07%. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio (DPR) is presently 40.61%.

Insider Activity

In other news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Macquarie lifted their price target on Las Vegas Sands from $57.00 to $58.00 in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday. Susquehanna upped their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $69.00 in a report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.58.

Las Vegas Sands Company Profile

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.