Wall Street brokerages expect Las Vegas Sands Corp. (NYSE:LVS) to announce $0.75 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Las Vegas Sands’ earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.69. Las Vegas Sands reported earnings of $0.62 per share during the same quarter last year, which would indicate a positive year over year growth rate of 21%. The firm is expected to announce its next quarterly earnings report on Wednesday, January 24th.
According to Zacks, analysts expect that Las Vegas Sands will report full-year earnings of $2.88 per share for the current year, with EPS estimates ranging from $2.70 to $2.95. For the next year, analysts expect that the firm will report earnings of $2.99 per share, with EPS estimates ranging from $2.70 to $3.16. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Las Vegas Sands.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share.
LVS has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Roth Capital assumed coverage on shares of Las Vegas Sands in a research note on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price target on the stock. Morgan Stanley lifted their target price on shares of Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Gabelli lifted their target price on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Nomura lifted their price target on shares of Las Vegas Sands from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $65.62.
In related news, Director George Jamieson purchased 1,000 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the transaction, the director now owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of LVS. Atlantic Trust Group LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at about $4,975,000. Parametric Portfolio Associates LLC grew its holdings in shares of Las Vegas Sands by 4.0% in the third quarter. Parametric Portfolio Associates LLC now owns 543,142 shares of the casino operator’s stock valued at $34,848,000 after acquiring an additional 20,683 shares in the last quarter. AXA grew its holdings in shares of Las Vegas Sands by 3.9% in the third quarter. AXA now owns 107,969 shares of the casino operator’s stock valued at $6,927,000 after acquiring an additional 4,067 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Las Vegas Sands in the third quarter valued at approximately $198,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Las Vegas Sands by 12.8% in the third quarter. Public Employees Retirement System of Ohio now owns 402,236 shares of the casino operator’s stock valued at $25,807,000 after acquiring an additional 45,751 shares in the last quarter. Institutional investors and hedge funds own 37.37% of the company’s stock.
Las Vegas Sands (NYSE LVS) traded down $0.46 during mid-day trading on Monday, reaching $70.30. 3,277,906 shares of the company traded hands, compared to its average volume of 3,241,223. The firm has a market capitalization of $56,890.84, a price-to-earnings ratio of 25.89 and a beta of 1.80. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. Las Vegas Sands has a 52 week low of $51.35 and a 52 week high of $72.20.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands’s payout ratio is 110.19%.
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About Las Vegas Sands
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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