Analysts expect that Las Vegas Sands Corp. (NYSE:LVS) will post sales of $3.02 billion for the current quarter, Zacks reports. Three analysts have made estimates for Las Vegas Sands Corp.’s earnings, with the highest sales estimate coming in at $3.07 billion and the lowest estimate coming in at $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%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, July 26th.

On average, analysts expect that Las Vegas Sands Corp. will report full-year sales of $3.02 billion for the current financial year, with estimates ranging from $12.17 billion to $12.97 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $12.98 billion per share, with estimates ranging from $12.37 billion to $13.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Las Vegas Sands Corp..

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 26th. The casino operator reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the prior year, the business earned $0.45 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis.

A number of research firms recently commented on LVS. Instinet reaffirmed a “neutral” rating and set 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 raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Finally, Vetr downgraded Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 target price for the company. in a report on Monday, June 5th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Las Vegas Sands Corp. presently has an average rating of “Buy” and a consensus price target of $62.20.

Several hedge funds have recently modified their holdings of LVS. TrimTabs Asset Management LLC boosted its stake in shares of Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock valued at $105,000 after buying an additional 864 shares during the last quarter. Financial Architects Inc boosted its stake in shares of Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock valued at $107,000 after buying an additional 1,300 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Las Vegas Sands Corp. during the first quarter valued at approximately $119,000. Nikko Asset Management Americas Inc. purchased a new stake in shares of Las Vegas Sands Corp. during the first quarter valued at approximately $154,000. Finally, Point72 Asia Hong Kong Ltd boosted its stake in shares of Las Vegas Sands Corp. by 87.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock valued at $171,000 after buying an additional 1,395 shares during the last quarter. Hedge funds and other institutional investors own 38.25% of the company’s stock.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.32% during trading on Friday, hitting $62.36. 1,761,001 shares of the stock traded hands. The firm has a market cap of $49.51 billion, a price-to-earnings ratio of 27.11 and a beta of 1.81. The stock has a 50 day moving average of $63.38 and a 200 day moving average of $57.65. Las Vegas Sands Corp. has a 52-week low of $46.68 and a 52-week high of $66.22.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Tuesday, June 20th. Las Vegas Sands Corp.’s payout ratio is 126.96%.

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About Las Vegas Sands Corp.

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.

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

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