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TheStreet Open House

Will This Ratings Downgrade Hurt Las Vegas Sands (LVS) Stock Today?

NEW YORK (TheStreet) -- Las Vegas Sand Corp. (LVS) was downgraded to "hold" from "buy" at Argus Research on Thursday.

The firm said it lowered its rating on the resorts and casinos operator as growth in the Macau gambling district has started to slow down.

Gamblers have started to avoid the China-owned island due to a smoking ban, modest credit growth, a slump in real estate prices, and restrictions on visas, theflyonthewall.com reports.
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Shares of Las Vegas Sands are down -0.14% to $63.45 in pre-market trading today.

Separately, TheStreet Ratings team rates LAS VEGAS SANDS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate LAS VEGAS SANDS CORP (LVS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth came in higher than the industry average of 5.5%. Since the same quarter one year prior, revenues rose by 11.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • LAS VEGAS SANDS CORP has improved earnings per share by 29.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, LAS VEGAS SANDS CORP increased its bottom line by earning $2.79 versus $1.85 in the prior year. This year, the market expects an improvement in earnings ($3.69 versus $2.79).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Hotels, Restaurants & Leisure industry. The net income increased by 26.7% when compared to the same quarter one year prior, rising from $529.75 million to $671.43 million.
  • 46.40% is the gross profit margin for LAS VEGAS SANDS CORP which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 18.52% is above that of the industry average.
  • You can view the full analysis from the report here: LVS Ratings Report

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