Las Vegas Sands (NYSE:LVS) issued its earnings results on Tuesday. The casino operator reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.02, MarketWatch Earnings reports. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.37 billion. Las Vegas Sands had a negative return on equity of 12.97% and a negative net margin of 12.67%. The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period last year, the business posted ($0.03) EPS.
Shares of Las Vegas Sands stock traded down $2.43 during mid-day trading on Thursday, hitting $58.33. 12,021,662 shares of the stock were exchanged, compared to its average volume of 6,525,442. Las Vegas Sands has a 12 month low of $42.43 and a 12 month high of $66.76. The company has a 50-day simple moving average of $62.12 and a 200 day simple moving average of $56.64. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.30 and a current ratio of 1.31. The company has a market capitalization of $44.56 billion, a P/E ratio of -58.92 and a beta of 1.35.
Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Las Vegas Sands from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, March 11th. Jefferies Financial Group raised their target price on Las Vegas Sands from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Monday. Bank of America downgraded Las Vegas Sands from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a research note on Monday, February 8th. Credit Suisse Group raised their target price on Las Vegas Sands from $58.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley raised their target price on Las Vegas Sands from $52.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 20th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $60.28.
Las Vegas Sands Company Profile
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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