Wall Street analysts expect that Las Vegas Sands Corp. (NYSE:LVS) will post sales of $3.39 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Las Vegas Sands’ earnings, with estimates ranging from $3.25 billion to $3.54 billion. Las Vegas Sands reported sales of $3.30 billion in the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The business is expected to report its next earnings results on Wednesday, July 24th.
On average, analysts expect that Las Vegas Sands will report full-year sales of $14.03 billion for the current year, with estimates ranging from $13.34 billion to $14.41 billion. For the next financial year, analysts anticipate that the business will report sales of $14.48 billion, with estimates ranging from $13.89 billion to $15.00 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Las Vegas Sands.
Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.48 billion. Las Vegas Sands had a net margin of 11.15% and a return on equity of 34.52%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS.
A number of brokerages have issued reports on LVS. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Wednesday, May 15th. Telsey Advisory Group reissued a “market perform” rating and set a $64.00 target price (up previously from $58.00) on shares of Las Vegas Sands in a research note on Thursday, April 18th. Goldman Sachs Group raised shares of Las Vegas Sands to a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their target price on shares of Las Vegas Sands from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Morgan Stanley reduced their price objective on shares of Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Las Vegas Sands has an average rating of “Hold” and a consensus target price of $68.46.
Shares of NYSE:LVS opened at $57.04 on Thursday. The firm has a market cap of $44.37 billion, a price-to-earnings ratio of 17.18 and a beta of 1.52. Las Vegas Sands has a 12-month low of $47.39 and a 12-month high of $81.45. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.73 and a quick ratio of 1.72.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Wednesday, June 19th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Tuesday, June 18th. Las Vegas Sands’s payout ratio is presently 92.77%.
Several hedge funds have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Las Vegas Sands by 12.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 799,197 shares of the casino operator’s stock worth $48,719,000 after acquiring an additional 90,011 shares during the period. Stormborn Capital Management LLC raised its holdings in Las Vegas Sands by 9,900.0% in the 1st quarter. Stormborn Capital Management LLC now owns 50,000 shares of the casino operator’s stock worth $3,048,000 after acquiring an additional 49,500 shares during the period. Meridian Wealth Management LLC bought a new position in Las Vegas Sands in the 1st quarter worth $58,000. Rehmann Capital Advisory Group raised its holdings in Las Vegas Sands by 49.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 605 shares of the casino operator’s stock worth $37,000 after acquiring an additional 199 shares during the period. Finally, Allstate Corp raised its holdings in Las Vegas Sands by 14.0% in the 1st quarter. Allstate Corp now owns 51,834 shares of the casino operator’s stock worth $3,160,000 after acquiring an additional 6,370 shares during the period. 36.44% of the stock is owned by institutional investors and hedge funds.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
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