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

Las Vegas Sands (NYSE:LVS) issued its quarterly earnings results on Wednesday. The casino operator reported $0.54 earnings per share 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 opened at $43.52 on Thursday. The company has a 50 day moving average of $50.06 and a two-hundred day moving average of $46.72. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $56.60. The company 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. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09.

Wall Street Analyst Weigh In

LVS has been the topic of several research analyst reports. Mizuho upped their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays cut their price target on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley restated an “equal weight” rating and issued a $51.00 target price (down from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Finally, Macquarie lifted their price target on shares of Las Vegas Sands from $57.00 to $58.00 in a research note on Wednesday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.33.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction 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 owns 60,187 shares in the company, valued at $3,129,724. This trade represents a 28.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were 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 currently owned by company insiders.

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.