Las Vegas Sands Corp. (LVS) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS
Las Vegas Sands Corp. (NYSE:LVS) announced its quarterly earnings data on Wednesday. The casino operator reported $0.73 EPS for the quarter, beating the consensus estimate of $0.59 by $0.14, Bloomberg Earnings reports. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 26.93% and a net margin of 15.51%. The company’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS.
Las Vegas Sands Corp. (NYSE LVS) traded down 1.55% on Wednesday, hitting $61.65. The stock had a trading volume of 5,015,202 shares. Las Vegas Sands Corp. has a 1-year low of $46.67 and a 1-year high of $66.22. The firm has a market capitalization of $48.95 billion, a price-to-earnings ratio of 26.80 and a beta of 1.81. The stock’s 50-day moving average is $63.38 and its 200 day moving average is $57.65.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd were given a $0.73 dividend. The ex-dividend date of this dividend was Tuesday, June 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.74%. Las Vegas Sands Corp.’s dividend payout ratio is currently 126.96%.
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LVS has been the topic of several recent research reports. UBS AG reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, April 11th. Wells Fargo & Company reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price objective (up from $58.00) on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Stifel Nicolaus increased their price objective on Las Vegas Sands Corp. from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Finally, Deutsche Bank AG increased their price objective on Las Vegas Sands Corp. from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $62.20.
Las Vegas Sands Corp. Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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