Las Vegas Sands Corp. (LVS) reported quarterly earnings results on Wednesday, Apr-20-2016. The company reported $0.45 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $0.63. The company posted revenue of $2716.20 million in the period, compared to analysts expectations of $2878.64 million. The company’s revenue was down -9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.
Many Wall Street Analysts have commented on Las Vegas Sands Corp.. Company shares were Reiterated by Stifel on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 58 from a previous price target of $55 .Las Vegas Sands Corp. was Downgraded by Standpoint Research to ” Hold” on Mar 17, 2016. Company shares were Reiterated by UBS on Mar 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .
Las Vegas Sands Corp. opened for trading at $50.67 and hit $51.32 on the upside on Monday, eventually ending the session at $51.16, with a gain of 0.43% or 0.22 points. The heightened volatility saw the trading volume jump to 34,47,107 shares. Company has a market cap of $40,657 M.
In a different news, on Jan 6, 2016, Robert G Goldstein (President & COO) sold 97,943 shares at $42.25 per share price. According to the SEC, on Jan 4, 2016, George Tanasijevich (Pres & CEO/Marina Bay Sands) sold 6,341 shares at $43.77 per share price. On Nov 3, 2015, Ira H Raphaelson (EVP & Global General Counsel) sold 8,768 shares at $49.76 per share price, according to the Form-4 filing with the securities and exchange commission.
Las Vegas Sands Corp. (LVSC) is a developer of destination properties that offers accommodations gaming entertainment and retail convention and exhibition facilities celebrity chef restaurants and other amenities. The Companys principal operating and developmental activities occur in three geographic areas: Macao Singapore and the United States. In Macao its operating segments are The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao and Other Asia (that includes its ferry operations and various other operations). In Singapore its operating segment is Marina Bay Sands. In the United States its operating segments are The Venetian Las Vegas which includes the Sands Expo Center and The Palazzo and Sands Bethlehem. The Paiza Club located at the Companys properties is an invitation-only club which offers a range of services and amenities. The Company also offers players club loyalty programs at its properties.