Las Vegas Sands Corp. (LVS) Posts Quarterly Results
Las Vegas Sands Corp. (NYSE:LVS) issued its quarterly earnings data on Thursday. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04, Analyst Ratings Network reports. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 1.96% on Thursday, hitting $79.48. 6,220,483 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 52-week low of $47.95 and a 52-week high of $88.28. The stock has a 50-day moving average of $80.17 and a 200-day moving average of $76.52. The company has a market cap of $64.998 billion and a price-to-earnings ratio of 27.94.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Las Vegas Sands Corp. from $85.00 to $87.00 in a research note on Monday, April 14th. They now have a “buy” rating on the stock. On the ratings front, analysts at Barclays raised their EPS on shares of Las Vegas Sands Corp. in a research note on Monday, April 7th. Finally, analysts at Barclays raised their price target on shares of Las Vegas Sands Corp. from $86.00 to $87.00 in a research note on Monday, April 7th. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company’s stock. Las Vegas Sands Corp. has an average rating of “Buy” and a consensus target price of $81.52.
Las Vegas Sands Corp. is a developer of destination properties (NYSE:LVS) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
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