Equities research analysts expect Las Vegas Sands Corp. (NYSE:LVS) to report earnings of $0.80 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Las Vegas Sands’ earnings, with estimates ranging from $0.77 to $0.83. Las Vegas Sands posted earnings of $0.74 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.1%. The firm is expected to issue its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Las Vegas Sands will report full year earnings of $3.42 per share for the current fiscal year, with EPS estimates ranging from $3.34 to $3.56. For the next financial year, analysts anticipate that the company will post earnings of $3.45 per share, with EPS estimates ranging from $3.07 to $3.87. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Las Vegas Sands.
Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.48 billion. Las Vegas Sands had a net margin of 11.15% and a return on equity of 34.52%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS.
LVS has been the topic of several analyst reports. Morgan Stanley upped their price target on shares of Las Vegas Sands from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Zacks Investment Research upgraded shares of Las Vegas Sands from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Credit Suisse Group reiterated a “neutral” rating and set a $58.00 price target on shares of Las Vegas Sands in a report on Wednesday, March 20th. Jefferies Financial Group upped their price target on shares of Las Vegas Sands from $57.00 to $69.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Bank of America reiterated a “neutral” rating and set a $70.00 price target (up from $64.00) on shares of Las Vegas Sands in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Las Vegas Sands has a consensus rating of “Hold” and an average target price of $68.32.
NYSE:LVS traded up $0.46 during mid-day trading on Friday, hitting $57.43. 3,831,930 shares of the stock traded hands, compared to its average volume of 3,811,724. The company has a market capitalization of $44.38 billion, a price-to-earnings ratio of 17.30 and a beta of 1.43. Las Vegas Sands has a 52 week low of $47.39 and a 52 week high of $81.45. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 1.85.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Wednesday, June 19th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.08 dividend on an annualized basis and a yield of 5.36%. Las Vegas Sands’s dividend payout ratio is currently 92.77%.
A number of hedge funds have recently modified their holdings of the business. Rehmann Capital Advisory Group grew its stake in Las Vegas Sands by 49.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 605 shares of the casino operator’s stock worth $37,000 after acquiring an additional 199 shares in the last quarter. Allstate Corp grew its stake in Las Vegas Sands by 14.0% in the 1st quarter. Allstate Corp now owns 51,834 shares of the casino operator’s stock worth $3,160,000 after acquiring an additional 6,370 shares in the last quarter. Advisory Services Network LLC grew its stake in Las Vegas Sands by 119.1% in the 1st quarter. Advisory Services Network LLC now owns 4,149 shares of the casino operator’s stock worth $253,000 after acquiring an additional 2,255 shares in the last quarter. Kore Private Wealth LLC bought a new position in Las Vegas Sands in the 1st quarter worth about $66,000. Finally, Vista Investment Management grew its stake in Las Vegas Sands by 13.7% in the 1st quarter. Vista Investment Management now owns 13,676 shares of the casino operator’s stock worth $834,000 after acquiring an additional 1,651 shares in the last quarter. Institutional investors and hedge funds own 35.51% of the company’s stock.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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