Las Vegas Sands (LVS) to Release Quarterly Earnings on Wednesday

Las Vegas Sands (NYSE:LVS) will announce its earnings results after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Las Vegas Sands had a net margin of 11.77% and a return on equity of 34.40%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the business earned ($0.19) EPS. The business’s revenue for the quarter was up 161.0% on a year-over-year basis. On average, analysts expect Las Vegas Sands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $50.25 on Tuesday. Las Vegas Sands has a 52-week low of $43.77 and a 52-week high of $65.58. The stock has a market cap of $37.75 billion, a PE ratio of 31.41, a PEG ratio of 0.81 and a beta of 1.17. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31. The firm’s 50 day moving average price is $52.46 and its two-hundred day moving average price is $49.58.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.59%. Las Vegas Sands’s payout ratio is presently 50.00%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Trading of Las Vegas Sands

Several hedge funds and other institutional investors have recently modified their holdings of LVS. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Las Vegas Sands by 13.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,767 shares of the casino operator’s stock worth $1,818,000 after buying an additional 5,716 shares during the period. American Century Companies Inc. grew its position in shares of Las Vegas Sands by 17.1% during the 1st quarter. American Century Companies Inc. now owns 13,612 shares of the casino operator’s stock worth $529,000 after purchasing an additional 1,985 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Las Vegas Sands by 6.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,282 shares of the casino operator’s stock worth $1,294,000 after purchasing an additional 2,145 shares in the last quarter. Cetera Advisor Networks LLC grew its position in shares of Las Vegas Sands by 26.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,502 shares of the casino operator’s stock worth $525,000 after purchasing an additional 2,848 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Las Vegas Sands by 47.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 27,000 shares of the casino operator’s stock worth $1,050,000 after purchasing an additional 8,711 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays raised their price objective on shares of Las Vegas Sands from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. StockNews.com raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Mizuho initiated coverage on shares of Las Vegas Sands in a research report on Tuesday, March 26th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.37.

About Las Vegas Sands

Las 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, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.