Las Vegas Sands Corp. Earnings Estimates Raised at Credit Suisse (LVS)
Equities researchers at Credit Suisse raised their earnings per share (EPS) estimates on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research report issued on Friday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating and a $80.00 price target on the company’s shares. Credit Suisse’s price target points to a potential upside of 12.72% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. set a $80.00 price target on shares of Las Vegas Sands Corp. in a research note to investors on Friday. Separately, analysts at Stifel Nicolaus raised their price target on shares of Las Vegas Sands Corp. from $76.00 to $84.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Craig Hallum downgraded shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $71.00 price target on the stock, up previously from $62.00. One analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $70.83.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 2.11% during mid-day trading on Friday, hitting $72.47. The stock had a trading volume of 5,386,047 shares. Las Vegas Sands Corp. has a one year low of $40.28 and a one year high of $71.00. The stock’s 50-day moving average is $64.44 and its 200-day moving average is $57.89. The company has a market cap of $59.713 billion and a P/E ratio of 31.13. Las Vegas Sands Corp. also saw some unusual options trading on Tuesday. Traders purchased 79,902 call options on the company. This represents an increase of approximately 243% compared to the typical volume of 23,306 call options.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.08. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the company posted $0.46 earnings per share. Las Vegas Sands Corp.’s revenue was up 31.7% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post $2.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.97%.
Las Vegas Sands Corp. is a developer of destination properties (NYSE:LVS) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
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