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

Las Vegas Sands (NYSE:LVS) is expected to be announcing its earnings results before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.62 per share and revenue of $2.95 billion for the quarter.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. 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 Trading Up 0.1 %

LVS opened at $32.12 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.41 and a beta of 0.99. Las Vegas Sands has a 12 month low of $30.18 and a 12 month high of $56.61. The stock has a fifty day moving average price of $40.86 and a 200-day moving average price of $46.96.

Las Vegas Sands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.11%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. Las Vegas Sands’s dividend payout ratio is presently 50.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company decreased their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Morgan Stanley cut their price objective on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. Barclays dropped their target price on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.42.

Las Vegas Sands Company Profile

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.