$3.15 Billion in Sales Expected for Las Vegas Sands Corp. (LVS) This Quarter
Wall Street brokerages expect that Las Vegas Sands Corp. (NYSE:LVS) will report $3.15 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Las Vegas Sands Corp.’s earnings. The lowest sales estimate is $3.09 billion and the highest is $3.20 billion. Las Vegas Sands Corp. reported sales of $3.08 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.3%. The business is expected to announce its next earnings report on Wednesday, January 24th.
On average, analysts expect that Las Vegas Sands Corp. will report full year sales of $3.15 billion for the current fiscal year, with estimates ranging from $12.54 billion to $12.78 billion. For the next financial year, analysts forecast that the business will report sales of $12.89 billion per share, with estimates ranging from $12.46 billion to $13.26 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow Las Vegas Sands Corp..
Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. Las Vegas Sands Corp. had a return on equity of 31.11% and a net margin of 16.80%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS.
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A number of large investors have recently added to or reduced their stakes in LVS. Global X Management Co. LLC grew its holdings in Las Vegas Sands Corp. by 8.3% during the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 126 shares during the period. Ffcm LLC boosted its stake in shares of Las Vegas Sands Corp. by 90.9% in the second quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock worth $153,000 after acquiring an additional 1,160 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Las Vegas Sands Corp. by 24.4% in the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock worth $166,000 after acquiring an additional 510 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Las Vegas Sands Corp. by 143.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock worth $174,000 after acquiring an additional 1,610 shares during the period. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Las Vegas Sands Corp. in the third quarter worth about $181,000. 38.24% of the stock is owned by institutional investors and hedge funds.
Shares of Las Vegas Sands Corp. (NYSE LVS) traded down $0.15 during mid-day trading on Tuesday, hitting $67.25. The stock had a trading volume of 3,620,500 shares, compared to its average volume of 3,318,484. The company has a market cap of $53,278.35, a price-to-earnings ratio of 24.25 and a beta of 1.78. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $68.41. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 110.19%.
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.
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