Las Vegas Sands (LVS) Set to Announce Earnings on Wednesday

Las Vegas Sands (NYSE:LVS) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect Las Vegas Sands to post earnings of $0.62 per share for the quarter.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. Las Vegas Sands had a net margin of 11.77% and a return on equity of 34.40%. The firm’s quarterly revenue was up 161.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share. 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 Stock Down 1.1 %

NYSE:LVS opened at $51.86 on Thursday. The firm has a market capitalization of $38.96 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 0.84 and a beta of 1.16. Las Vegas Sands has a 1-year low of $43.77 and a 1-year high of $65.58. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96. The business’s fifty day moving average price is $52.46 and its 200 day moving average price is $49.45.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, February 5th. Las Vegas Sands’s payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

LVS has been the subject of several recent analyst reports. Mizuho initiated coverage on Las Vegas Sands in a research note on Tuesday, March 26th. They set a “buy” rating and a $70.00 price target for the company. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday. Barclays raised their price objective on Las Vegas Sands from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday. Susquehanna began coverage on Las Vegas Sands in a research report on Friday, December 15th. They issued a “positive” rating and a $59.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.37.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors have recently bought and sold shares of LVS. Coppell Advisory Solutions LLC bought a new stake in shares of Las Vegas Sands during the second quarter worth approximately $29,000. Retirement Group LLC bought a new stake in Las Vegas Sands during the fourth quarter worth $31,000. Lazard Asset Management LLC increased its holdings in shares of Las Vegas Sands by 1,951.2% during the third quarter. Lazard Asset Management LLC now owns 841 shares of the casino operator’s stock worth $38,000 after buying an additional 800 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in shares of Las Vegas Sands during the second quarter worth $46,000. Finally, Dark Forest Capital Management LP increased its holdings in shares of Las Vegas Sands by 83,900.0% during the first quarter. Dark Forest Capital Management LP now owns 840 shares of the casino operator’s stock worth $48,000 after buying an additional 839 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

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.