Las Vegas Sands (NYSE:LVS – Get Free Report) released its earnings results on Wednesday. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09), Briefing.com reports. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share.
Las Vegas Sands Stock Performance
Shares of LVS stock opened at $52.47 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The company has a 50 day moving average price of $44.94 and a 200-day moving average price of $44.40. Las Vegas Sands has a 52 week low of $36.62 and a 52 week high of $55.65. The firm has a market capitalization of $39.09 billion, a PE ratio of 25.35, a P/E/G ratio of 1.48 and a beta of 1.12.
Las Vegas Sands Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Tuesday, November 5th. Las Vegas Sands’s payout ratio is presently 38.65%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Las Vegas Sands
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.
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