Las Vegas Sands Corp (NYSE:LVS) posted upbeat earnings for the fourth quarter after the closing bell on Wednesday.
Las Vegas Sands reported fourth-quarter revenue of $3.649 billion, beating a Street consensus estimate of $3.328 billion, according to data from Benzinga Pro. The company’s adjusted earnings per share of 85 cents beat a Street consensus estimate of 76 cents per share.
The company also said it had $274 million in capital expenditures in the fourth quarter.
“We remain enthusiastic about our opportunities to deliver growth in both Singapore and Macao, as we realize the benefits of our market-leading capital investment programs,” Las Vegas Sands CEO Robert G. Goldstein said.
Las Vegas Sands shares fell 5.8% to $57.69 in pre-market trading.
These analysts made changes to their price targets on Las Vegas Sands following earnings announcement.
- Stifel analyst Steven Wieczynski maintained Las Vegas Sands with a Buy and lowered the price target from $75 to $72.
- Deutsche Bank analyst Carlo Santarelli maintained the stock with a Buy and raised the price target from $76 to $77.
- Mizuho analyst Ben Chaiken maintained Las Vegas Sands with an Outperform rating and boosted the price target from $63 to $65.
- Wells Fargo analyst Trey Bowers maintained the stock with an Equal-Weight rating and raised the price target from $67 to $68.
Considering buying LVS stock? Here’s what analysts think:
Photo via Shutterstock
Recent Comments