Las Vegas Sands Corp. (LVS) Set to Announce Quarterly Earnings on Wednesday
Las Vegas Sands Corp. (NYSE:LVS) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.60 per share for the quarter.
Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.04. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.76 billion. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The company’s revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. On average, analysts expect Las Vegas Sands Corp. to post $2.19 EPS for the current fiscal year and $2.37 EPS for the next fiscal year.
Las Vegas Sands Corp. (NYSE:LVS) opened at 57.73 on Monday. The firm has a market cap of $45.87 billion, a PE ratio of 28.11 and a beta of 2.03. Las Vegas Sands Corp. has a 12 month low of $34.88 and a 12 month high of $60.00. The stock’s 50 day moving average is $56.47 and its 200 day moving average is $49.87.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 22nd were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 4.99%. The ex-dividend date was Tuesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 140.49%.
Several equities research analysts recently weighed in on LVS shares. Telsey Advisory Group increased their price target on Las Vegas Sands Corp. from $47.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. decreased their price target on Las Vegas Sands Corp. from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, July 14th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, October 5th. Vetr raised Las Vegas Sands Corp. from a “buy” rating to a “strong-buy” rating and set a $66.73 price target for the company in a report on Monday, October 3rd. Finally, Susquehanna reissued a “positive” rating and issued a $63.00 target price on shares of Las Vegas Sands Corp. in a report on Thursday, September 8th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.76.
Several institutional investors have recently added to or reduced their stakes in the stock. Pinkerton Retirement Specialists LLC purchased a new position in Las Vegas Sands Corp. during the second quarter valued at $119,000. Arizona State Retirement System raised its position in Las Vegas Sands Corp. by 10.0% in the second quarter. Arizona State Retirement System now owns 45,274 shares of the casino operator’s stock valued at $1,969,000 after buying an additional 4,100 shares during the period. Toronto Dominion Bank raised its position in Las Vegas Sands Corp. by 1.0% in the second quarter. Toronto Dominion Bank now owns 22,403 shares of the casino operator’s stock valued at $980,000 after buying an additional 219 shares during the period. AQR Capital Management LLC raised its position in Las Vegas Sands Corp. by 422.2% in the second quarter. AQR Capital Management LLC now owns 1,653,159 shares of the casino operator’s stock valued at $71,896,000 after buying an additional 1,336,611 shares during the period. Finally, Zurich Insurance Group Ltd FI raised its position in Las Vegas Sands Corp. by 2.6% in the second quarter. Zurich Insurance Group Ltd FI now owns 68,078 shares of the casino operator’s stock valued at $2,961,000 after buying an additional 1,752 shares during the period. 38.12% of the stock is currently owned by institutional investors and hedge funds.
About Las Vegas Sands Corp.
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers 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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