Las Vegas Sands Corp. (LVS) Expected to Post Quarterly Sales of $3.34 Billion

Analysts predict that Las Vegas Sands Corp. (NYSE:LVS) will report sales of $3.34 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Las Vegas Sands’ earnings, with the lowest sales estimate coming in at $3.27 billion and the highest estimate coming in at $3.40 billion. Las Vegas Sands posted sales of $3.11 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The company is expected to issue its next quarterly earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Las Vegas Sands will report full-year sales of $3.34 billion for the current year, with estimates ranging from $13.00 billion to $14.04 billion. For the next financial year, analysts forecast that the company will report sales of $14.03 billion per share, with estimates ranging from $13.39 billion to $14.63 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Las Vegas Sands.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.11. Las Vegas Sands had a net margin of 21.78% and a return on equity of 34.76%. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis.

Several analysts have recently weighed in on LVS shares. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Friday, October 13th. Deutsche Bank lifted their price target on shares of Las Vegas Sands from $54.00 to $57.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Roth Capital started coverage on shares of Las Vegas Sands in a research note on Wednesday, October 25th. They set a “buy” rating and a $69.00 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $76.00 price target on shares of Las Vegas Sands in a research note on Tuesday, January 9th. Finally, Barclays lifted their price target on shares of Las Vegas Sands from $69.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 7th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $70.54.

In other Las Vegas Sands news, Director George Jamieson acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the acquisition, the director now directly owns 6,488 shares in the company, valued at approximately $434,436.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank grew its holdings in Las Vegas Sands by 0.4% in the second quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock worth $1,592,000 after purchasing an additional 94 shares during the last quarter. Advisory Services Network LLC grew its holdings in Las Vegas Sands by 6.7% in the second quarter. Advisory Services Network LLC now owns 5,245 shares of the casino operator’s stock worth $335,000 after purchasing an additional 329 shares during the last quarter. Voya Investment Management LLC grew its holdings in Las Vegas Sands by 1.6% in the second quarter. Voya Investment Management LLC now owns 46,501 shares of the casino operator’s stock worth $2,971,000 after purchasing an additional 729 shares during the last quarter. Capital Management Corp VA grew its holdings in Las Vegas Sands by 0.4% in the fourth quarter. Capital Management Corp VA now owns 185,390 shares of the casino operator’s stock worth $12,883,000 after purchasing an additional 740 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Las Vegas Sands by 60.5% in the fourth quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock worth $144,000 after purchasing an additional 779 shares during the last quarter. 37.24% of the stock is currently owned by institutional investors.

Shares of Las Vegas Sands (NYSE:LVS) opened at $70.99 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. Las Vegas Sands has a 12 month low of $51.35 and a 12 month high of $79.84. The firm has a market cap of $58,044.95, a P/E ratio of 24.16 and a beta of 1.72.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 22nd will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.23%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, March 21st. Las Vegas Sands’s dividend payout ratio (DPR) is presently 82.49%.

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

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