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

Las Vegas Sands (NYSE:LVS) posted its earnings results on Wednesday. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04), Zacks reports. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%.

Las Vegas Sands Price Performance

Shares of LVS stock traded up $0.29 during trading hours on Wednesday, hitting $43.52. 9,447,449 shares of the company’s stock were exchanged, compared to its average volume of 4,895,594. The stock’s 50-day moving average is $50.06 and its 200-day moving average is $46.72. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands has a 52 week low of $36.62 and a 52 week high of $56.60. The stock has a market cap of $31.55 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09.

Wall Street Analyst Weigh In

LVS has been the topic of several recent research reports. Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $51.00 target price (down previously from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Mizuho boosted their price target on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Stifel Nicolaus lifted their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Susquehanna raised their target price on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average price target of $60.33.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. 0.91% of the stock is owned by corporate insiders.

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.