Las Vegas Sands (NYSE:LVS) issued its quarterly earnings results on Tuesday. The casino operator reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.09), RTT News reports. Las Vegas Sands had a negative return on equity of 47.40% and a negative net margin of 64.84%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business posted ($1.05) EPS. The firm’s revenue for the quarter was up 1096.9% on a year-over-year basis.
Shares of NYSE:LVS traded down $1.75 during midday trading on Thursday, hitting $47.67. 731,145 shares of the stock were exchanged, compared to its average volume of 6,156,530. The business’s 50-day simple moving average is $54.10. The company has a debt-to-equity ratio of 4.52, a current ratio of 2.28 and a quick ratio of 2.27. The firm has a market cap of $36.42 billion, a PE ratio of -18.61 and a beta of 1.42. Las Vegas Sands has a 12 month low of $42.58 and a 12 month high of $66.76.
LVS has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their target price on Las Vegas Sands from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, April 19th. Stifel Nicolaus decreased their target price on Las Vegas Sands from $77.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $73.00 target price on shares of Las Vegas Sands in a research report on Thursday. Zacks Investment Research upgraded Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 target price on the stock in a research report on Tuesday, March 30th. Finally, Morgan Stanley decreased their target price on Las Vegas Sands from $58.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $60.46.
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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.
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