Analysts expect Las Vegas Sands Corp. (NYSE:LVS) to post $3.03 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Las Vegas Sands Corp.’s earnings. The highest sales estimate is $3.07 billion and the lowest is $2.93 billion. Las Vegas Sands Corp. posted sales of $2.65 billion during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The company is scheduled to report its next earnings results on Monday, July 24th.

On average, analysts expect that Las Vegas Sands Corp. will report full year sales of $3.03 billion for the current financial year, with estimates ranging from $12.17 billion to $12.93 billion. For the next fiscal year, analysts anticipate that the business will post sales of $12.88 billion per share, with estimates ranging from $12.37 billion to $13.45 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Las Vegas Sands Corp..

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 26th. The casino operator reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Las Vegas Sands Corp. had a net margin of 15.51% and a return on equity of 26.93%. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was up 14.3% on a year-over-year basis.

Several brokerages recently commented on LVS. Instinet reiterated a “neutral” rating and issued a $54.00 target price (up previously from $50.00) on shares of Las Vegas Sands Corp. in a report on Monday, June 19th. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday. Vetr upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 target price on the stock in a report on Wednesday, May 31st. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $63.00 target price on shares of Las Vegas Sands Corp. in a report on Thursday, April 20th. Finally, Barclays PLC upgraded shares of Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $55.00 to $68.00 in a report on Friday, May 12th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $61.70.

Several hedge funds have recently modified their holdings of the stock. Arizona State Retirement System raised its stake in shares of Las Vegas Sands Corp. by 0.3% in the first quarter. Arizona State Retirement System now owns 36,374 shares of the casino operator’s stock valued at $2,076,000 after buying an additional 100 shares during the period. Huntington National Bank raised its stake in shares of Las Vegas Sands Corp. by 3.7% in the first quarter. Huntington National Bank now owns 3,185 shares of the casino operator’s stock valued at $182,000 after buying an additional 115 shares during the period. Wagner Bowman Management Corp raised its stake in shares of Las Vegas Sands Corp. by 2.3% in the first quarter. Wagner Bowman Management Corp now owns 5,605 shares of the casino operator’s stock valued at $319,000 after buying an additional 125 shares during the period. Agran Libbie raised its stake in shares of Las Vegas Sands Corp. by 1.0% in the first quarter. Agran Libbie now owns 17,690 shares of the casino operator’s stock valued at $1,010,000 after buying an additional 175 shares during the period. Finally, Point View Wealth Management Inc. raised its stake in shares of Las Vegas Sands Corp. by 1.8% in the first quarter. Point View Wealth Management Inc. now owns 10,335 shares of the casino operator’s stock valued at $590,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 1.28% during mid-day trading on Wednesday, reaching $64.96. 574,973 shares of the company were exchanged. Las Vegas Sands Corp. has a 12 month low of $41.45 and a 12 month high of $66.22. The company has a market capitalization of $51.58 billion, a price-to-earnings ratio of 28.24 and a beta of 1.75. The firm’s 50-day moving average is $60.46 and its 200-day moving average is $56.65.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Tuesday, June 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.55%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is currently 126.96%.

COPYRIGHT VIOLATION NOTICE: “Analysts Anticipate Las Vegas Sands Corp. (LVS) Will Announce Quarterly Sales of $3.03 Billion” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/06/28/analysts-anticipate-las-vegas-sands-corp-lvs-will-announce-quarterly-sales-of-3-03-billion.html.

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.

Get a free copy of the Zacks research report on Las Vegas Sands Corp. (LVS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with MarketBeat.com's FREE daily email newsletter.