Las Vegas Sands Corp. (NYSE:LVS) – Stock analysts at Credit Agricole SA boosted their FY2016 earnings per share estimates for shares of Las Vegas Sands Corp. in a research note issued to investors on Monday. Credit Agricole SA analyst J. Oh now expects that the brokerage will post earnings per share of $2.26 for the year, up from their prior forecast of $2.23. Credit Agricole SA currently has a “Outperform” rating and a $58.00 target price on the stock. Credit Agricole SA also issued estimates for Las Vegas Sands Corp.’s FY2018 earnings at $2.53 EPS.

Several other equities analysts also recently commented on the stock. Deutsche Bank AG reissued a “hold” rating on shares of Las Vegas Sands Corp. in a report on Friday, September 16th. Citigroup Inc. reissued a “buy” rating and issued a $62.00 target price on shares of Las Vegas Sands Corp. in a report on Wednesday, September 14th. Argus raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $56.54 to $67.00 in a report on Wednesday, September 14th. 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. Finally, Stifel Nicolaus boosted their target price on shares of Las Vegas Sands Corp. from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.29.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.0535% during midday trading on Wednesday, reaching $56.3101. 1,519,166 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $53.12 and its 200-day moving average is $49.05. The stock has a market cap of $44.74 billion, a PE ratio of 27.4149 and a beta of 2.09. Las Vegas Sands Corp. has a 12-month low of $34.88 and a 12-month high of $58.65.

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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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.04. The firm earned $2.65 billion during the quarter, compared to the consensus estimate of $2.76 billion. Las Vegas Sands Corp. had a return on equity of 22.12% and a net margin of 14.69%. Las Vegas Sands Corp.’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Tuesday, September 20th. Las Vegas Sands Corp.’s payout ratio is 140.49%.

Hedge funds have recently added to or reduced their stakes in the stock. Northern Cross LLC raised its stake in Las Vegas Sands Corp. by 5.8% in the second quarter. Northern Cross LLC now owns 39,053,967 shares of the casino operator’s stock valued at $1,698,457,000 after buying an additional 2,131,779 shares during the last quarter. Vanguard Group Inc. raised its stake in Las Vegas Sands Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 18,025,317 shares of the casino operator’s stock valued at $783,922,000 after buying an additional 350,052 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Las Vegas Sands Corp. by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,857,503 shares of the casino operator’s stock valued at $385,213,000 after buying an additional 211,597 shares during the last quarter. State Street Corp raised its stake in Las Vegas Sands Corp. by 5.1% in the second quarter. State Street Corp now owns 7,350,621 shares of the casino operator’s stock valued at $319,678,000 after buying an additional 356,664 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Las Vegas Sands Corp. by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 5,094,279 shares of the casino operator’s stock valued at $221,551,000 after buying an additional 106,607 shares during the last quarter. 37.88% of the stock is 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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