Wall Street analysts expect that Las Vegas Sands Corp. (NYSE:LVS) will report sales of $3.12 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Las Vegas Sands Corp.’s earnings. The highest sales estimate is $3.16 billion and the lowest is $3.06 billion. Las Vegas Sands Corp. posted sales of $2.97 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The firm is expected to issue its next earnings results on Thursday, November 2nd.

On average, analysts expect that Las Vegas Sands Corp. will report full year sales of $3.12 billion for the current fiscal year, with estimates ranging from $12.35 billion to $12.75 billion. For the next fiscal year, analysts expect that the business will report sales of $12.85 billion per share, with estimates ranging from $12.44 billion to $13.41 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Las Vegas Sands Corp..

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, beating the consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company posted $0.52 earnings per share. The firm’s revenue was up 18.5% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. Morgan Stanley restated an “equal weight” rating and set a $62.00 price target (up from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. UBS AG restated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Telsey Advisory Group boosted their price target on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and set a $70.00 price target (up from $66.00) on shares of Las Vegas Sands Corp. in a report on Tuesday, July 18th. Finally, Instinet restated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 17th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $64.14.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Las Vegas Sands Corp. by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock valued at $1,280,029,000 after purchasing an additional 322,708 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Las Vegas Sands Corp. by 2.3% in the 2nd quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after purchasing an additional 365,566 shares during the last quarter. Capital World Investors lifted its stake in shares of Las Vegas Sands Corp. by 14.5% in the 2nd quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after purchasing an additional 1,263,000 shares during the last quarter. State Street Corp lifted its stake in shares of Las Vegas Sands Corp. by 4.7% in the 1st quarter. State Street Corp now owns 8,023,114 shares of the casino operator’s stock valued at $457,878,000 after purchasing an additional 360,249 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Las Vegas Sands Corp. by 40.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after purchasing an additional 1,886,376 shares during the last quarter. 38.01% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Corp. (NYSE:LVS) opened at 65.04 on Friday. Las Vegas Sands Corp. has a 52-week low of $51.35 and a 52-week high of $66.22. The stock has a market capitalization of $51.51 billion, a price-to-earnings ratio of 25.31 and a beta of 1.76. The firm has a 50-day moving average price of $62.78 and a 200 day moving average price of $60.78.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Wednesday, September 20th. Las Vegas Sands Corp.’s payout ratio is presently 113.18%.

COPYRIGHT VIOLATION WARNING: “$3.12 Billion in Sales Expected for Las Vegas Sands Corp. (LVS) This Quarter” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/06/3-12-billion-in-sales-expected-for-las-vegas-sands-corp-lvs-this-quarter.html.

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.

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.