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 25th. Analysts expect the company to announce earnings of $0.67 per share for the quarter.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.14. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. On average, analysts expect Las Vegas Sands Corp. to post $2.72 EPS for the current fiscal year and $2.79 EPS for the next fiscal year.
Las Vegas Sands Corp. (NYSE:LVS) traded down 0.45% on Wednesday, hitting $62.03. The stock had a trading volume of 199,258 shares. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $66.22. The company’s 50 day moving average is $63.36 and its 200-day moving average is $61.14. The firm has a market capitalization of $49.13 billion, a price-to-earnings ratio of 24.14 and a beta of 1.76.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were issued a $0.73 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $2.92 annualized dividend and a yield of 4.69%. Las Vegas Sands Corp.’s payout ratio is 113.18%.
Several equities analysts recently issued reports on LVS shares. Stifel Nicolaus restated a “buy” rating on shares of Las Vegas Sands Corp. in a report on Sunday, September 3rd. Bank of America Corporation restated a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Friday, October 13th. Deutsche Bank AG restated a “hold” rating and issued a $54.00 target price (up previously from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Finally, Wells Fargo & Company reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $64.64.
Las Vegas Sands Corp. Company Profile
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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