Las Vegas Sands (LVS) to Release Quarterly Earnings on Tuesday
Las Vegas Sands (NYSE:LVS) is set to issue its quarterly earnings data after the market closes on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.72 per share for the quarter.
Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.10. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. Las Vegas Sands’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 EPS. On average, analysts expect Las Vegas Sands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Las Vegas Sands (NYSE LVS) opened at $71.02 on Tuesday. The firm has a market capitalization of $56,140.00, a PE ratio of 26.80 and a beta of 1.80. Las Vegas Sands has a fifty-two week low of $51.35 and a fifty-two week high of $72.20. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38.
In other Las Vegas Sands news, Director George Jamieson acquired 1,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of $66.96 per share, for a total transaction of $66,960.00. Following the acquisition, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.10% of the company’s stock.
LVS has been the subject of several analyst reports. Zacks Investment Research upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Friday, October 13th. Roth Capital initiated coverage on Las Vegas Sands in a report on Wednesday, October 25th. They set a “buy” rating and a $69.00 target price for the company. Morgan Stanley increased their target price on Las Vegas Sands from $63.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Deutsche Bank increased their target price on Las Vegas Sands from $54.00 to $57.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Gabelli increased their target price on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $66.19.
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Las Vegas Sands 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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