Las Vegas Sands (NYSE:LVS) Announces Earnings Results\n\nLas 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, and the Plaza Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.\n\nLas Vegas Sands Corp. issued its earnings results on Wednesday. The casino operator reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.26, reports. Las Vegas Sands had a return on equity of 51.16% and a net margin of 12.16%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the firm posted $0.55 earnings per share.\n\nLas Vegas Sands's quarterly revenue was up 15.0% compared to the same quarter last year.\n\nA hedge fund recently raised its stake in Las Vegas Sands stock. Woodline Partners LP lifted its stake in Las Vegas Sands Corp. by 38.9% in the first quarter, according to the company's most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,032 shares of the casino operator's stock after purchasing an additional 8,132 shares during the period. Woodline Partners LP's holdings in Las Vegas Sands were worth $1,122,000 at the end of the quarter. Institutional investors and hedge funds own 39.16% of the company's stock.\n\nLas Vegas Sands declared that its Board of Directors has approved a share repurchase program on Wednesday, April 23rd, that allows the company to buy back $2.00 billion in shares. This buyback authorization allows the casino operator to buy up to 8.2% of its stock through open market purchases. Share buyback programs are usually an indication that the company's leadership believes its shares are undervalued.\n\nUBS Group lifted their target price on Las Vegas Sands from $43.00 to $48.00 and gave the company a 'neutral' rating in a research note on Tuesday, July 8th. Macquarie boosted their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the stock an 'outperform' rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on Las Vegas Sands from $47.00 to $56.00 and gave the stock a 'neutral' rating in a research report on Thursday, April 24th.\n\nThe company has a one-year low of $30.18 and a one-year high of $56.00. According to MarketBeat, the stock presently has a 'Moderate Buy' consensus rating among analysts, and an average target price of $57.50.

Las Vegas Sands (NYSE:LVS) Announces Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Las Vegas Sands Corp. reported quarterly earnings of $0.79 EPS, exceeding analyst estimates of $0.53 by $0.26. The company achieved a 15.0% revenue increase to $3.18 billion, with a 51.16% return on equity and 12.16% net margin. A hedge fund raised its stake in the company, and the board approved a $2.00 billion share repurchase program. Analysts updated their price targets and ratings for the stock.