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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09), Briefing.com reports. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue was down 4.0% compared to the same quarter last year.

Las Vegas Sands Trading Up 1.1 %

Las Vegas Sands stock traded up $0.58 during mid-day trading on Thursday, hitting $51.62. The company’s stock had a trading volume of 3,783,754 shares, compared to its average volume of 5,753,418. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The company has a 50 day moving average of $44.94 and a 200-day moving average of $44.40. Las Vegas Sands has a one year low of $36.62 and a one year high of $55.65. The stock has a market cap of $38.46 billion, a PE ratio of 24.66, a P/E/G ratio of 1.48 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Macquarie reduced their price objective on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Susquehanna boosted their target price on Las Vegas Sands from $51.00 to $59.00 and gave the company 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. According to MarketBeat.com, the company 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.