Las Vegas Sands Corp. (NYSE:LVS) Expected to Post Earnings of -$0.14 Per Share

Analysts expect that Las Vegas Sands Corp. (NYSE:LVS) will announce earnings of ($0.14) per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Las Vegas Sands’ earnings. The lowest EPS estimate is ($0.31) and the highest is $0.19. Las Vegas Sands reported earnings per share of ($0.67) during the same quarter last year, which suggests a positive year over year growth rate of 79.1%. The company is expected to issue its next earnings results on Wednesday, October 20th.

According to Zacks, analysts expect that Las Vegas Sands will report full year earnings of ($0.75) per share for the current fiscal year, with EPS estimates ranging from ($1.07) to ($0.35). For the next fiscal year, analysts forecast that the company will report earnings of $1.85 per share, with EPS estimates ranging from $0.77 to $2.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Las Vegas Sands.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Tuesday, July 20th. The casino operator reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Las Vegas Sands had a negative return on equity of 35.02% and a negative net margin of 32.53%. Las Vegas Sands’s revenue for the quarter was up 1096.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.05) EPS.

A number of research analysts recently issued reports on LVS shares. TheStreet downgraded Las Vegas Sands from a “c-” rating to a “d+” rating in a research note on Friday, July 23rd. Wells Fargo & Company started coverage on Las Vegas Sands in a research note on Tuesday. They issued an “equal weight” rating and a $50.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $73.00 price target on shares of Las Vegas Sands in a research note on Thursday, July 22nd. Stifel Nicolaus dropped their price target on Las Vegas Sands from $77.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 22nd. Finally, Morgan Stanley dropped their price target on Las Vegas Sands from $58.00 to $53.00 and set an “equal weight” rating for the company in a research note on Thursday, July 22nd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.27.

NYSE:LVS traded down $1.39 during mid-day trading on Friday, reaching $37.32. The company’s stock had a trading volume of 450,067 shares, compared to its average volume of 7,232,324. Las Vegas Sands has a 12-month low of $36.42 and a 12-month high of $66.76. The firm’s fifty day moving average price is $43.70 and its two-hundred day moving average price is $53.48. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 4.88. The stock has a market cap of $28.51 billion, a P/E ratio of -22.25 and a beta of 1.38.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Investment Company LLC acquired a new stake in Las Vegas Sands in the first quarter worth about $27,000. Abundance Wealth Counselors purchased a new position in Las Vegas Sands during the first quarter valued at approximately $30,000. E Fund Management Co. Ltd. purchased a new position in Las Vegas Sands during the first quarter valued at approximately $35,000. Wagner Wealth Management LLC purchased a new position in Las Vegas Sands during the first quarter valued at approximately $36,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in Las Vegas Sands during the first quarter valued at approximately $37,000. 36.81% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the following geographic segments: Macao, Singapore and United States. The Macao segment handles the operations of The Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao and Sands Macao.

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Earnings History and Estimates for Las Vegas Sands (NYSE:LVS)

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