Las Vegas Sands Corp. (NYSE:LVS) – Gabelli lifted their FY2017 earnings estimates for shares of Las Vegas Sands Corp. in a research note issued on Thursday. Gabelli analyst A. Trivison now anticipates that the casino operator will post earnings of $2.70 per share for the year, up from their prior forecast of $2.65.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a net margin of 15.51% and a return on equity of 26.93%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year.

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A number of other equities research analysts have also recently commented on the stock. CLSA reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a report on Thursday, April 27th. Bank of America Corporation reiterated a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Aegis reiterated a “buy” rating and set a $60.00 price target (up previously from $59.00) on shares of Las Vegas Sands Corp. in a report on Sunday, April 23rd. Stifel Nicolaus cut their price target on shares of Las Vegas Sands Corp. from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Monday, April 10th. Finally, Barclays PLC upgraded shares of Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $55.00 to $68.00 in a report on Friday, May 12th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $62.65.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.53% during trading on Friday, reaching $61.94. 921,134 shares of the company traded hands. The firm’s 50 day moving average is $63.30 and its 200-day moving average is $57.90. Las Vegas Sands Corp. has a 12-month low of $49.09 and a 12-month high of $66.22. The stock has a market capitalization of $49.18 billion, a P/E ratio of 26.93 and a beta of 1.81.

Several hedge funds have recently made changes to their positions in the company. Lee Financial Co boosted its stake in shares of Las Vegas Sands Corp. by 1.4% in the second quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock worth $197,000 after buying an additional 43 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Las Vegas Sands Corp. by 37.5% in the second quarter. Janney Montgomery Scott LLC now owns 81,983 shares of the casino operator’s stock worth $5,238,000 after buying an additional 22,360 shares during the period. Janney Capital Management LLC purchased a new stake in shares of Las Vegas Sands Corp. during the second quarter worth about $16,198,000. IBM Retirement Fund boosted its stake in shares of Las Vegas Sands Corp. by 116.8% in the second quarter. IBM Retirement Fund now owns 8,778 shares of the casino operator’s stock worth $627,000 after buying an additional 4,729 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its stake in shares of Las Vegas Sands Corp. by 4.4% in the second quarter. Sumitomo Life Insurance Co. now owns 31,163 shares of the casino operator’s stock worth $1,991,000 after buying an additional 1,313 shares during the period. 38.24% of the stock is owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a $0.73 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.69%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.

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.

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

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