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

Las Vegas Sands (NYSE:LVS) released its quarterly earnings data on Wednesday. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09), Briefing.com reports. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS traded up $0.69 on Thursday, hitting $51.73. 3,952,665 shares of the company were exchanged, compared to its average volume of 5,754,059. The company’s 50 day moving average price is $44.94 and its two-hundred day moving average price is $44.40. The firm has a market capitalization of $38.54 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.48 and a beta of 1.12. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. Las Vegas Sands has a one year low of $36.62 and a one year high of $55.65.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LVS shares. JPMorgan Chase & Co. raised their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Barclays upped their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Mizuho raised their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.17.

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.