Las Vegas Sands (LVS) Expected to Announce Earnings of $0.86 Per Share

Wall Street brokerages predict that Las Vegas Sands (NYSE:LVS) will announce earnings of $0.86 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Las Vegas Sands’ earnings, with estimates ranging from $0.76 to $0.90. Las Vegas Sands posted earnings of $0.66 per share in the same quarter last year, which would suggest a positive year over year growth rate of 30.3%. The business is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Las Vegas Sands will report full-year earnings of $3.37 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.62. For the next financial year, analysts anticipate that the business will post earnings of $3.61 per share, with EPS estimates ranging from $3.35 to $3.96. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Las Vegas Sands.

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Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, January 24th. The casino operator reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.11. The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.26 billion. Las Vegas Sands had a net margin of 21.78% and a return on equity of 33.90%. Las Vegas Sands’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS.

Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Zacks Investment Research downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Morgan Stanley raised their price objective on shares of Las Vegas Sands from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, March 27th. Telsey Advisory Group assumed coverage on shares of Las Vegas Sands in a research report on Tuesday, March 13th. They set a “market perform” rating and a $76.00 price objective for the company. Finally, Roth Capital raised their price objective on shares of Las Vegas Sands from $69.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $72.29.

Shares of LVS stock opened at $73.50 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.09 and a quick ratio of 1.07. The company has a market cap of $56,657.48, a price-to-earnings ratio of 24.18 and a beta of 1.65. Las Vegas Sands has a 12-month low of $56.07 and a 12-month high of $79.84.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, March 21st. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a dividend yield of 4.08%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 98.68%.

In other news, COO Robert G. Goldstein sold 39,155 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $76.00, for a total transaction of $2,975,780.00. Following the transaction, the chief operating officer now directly owns 39,155 shares of the company’s stock, valued at $2,975,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in LVS. Arrowstreet Capital Limited Partnership increased its stake in Las Vegas Sands by 203.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,269,398 shares of the casino operator’s stock valued at $157,700,000 after acquiring an additional 1,522,664 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Las Vegas Sands by 127.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,670,729 shares of the casino operator’s stock valued at $185,589,000 after acquiring an additional 1,497,974 shares during the last quarter. Schroder Investment Management Group increased its stake in Las Vegas Sands by 484.8% in the fourth quarter. Schroder Investment Management Group now owns 1,673,818 shares of the casino operator’s stock valued at $116,314,000 after acquiring an additional 1,387,592 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Las Vegas Sands by 40.9% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,937,858 shares of the casino operator’s stock valued at $134,662,000 after acquiring an additional 562,874 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Las Vegas Sands by 13.5% in the fourth quarter. American Century Companies Inc. now owns 3,757,739 shares of the casino operator’s stock valued at $261,125,000 after acquiring an additional 447,361 shares during the last quarter. 38.65% of the stock is currently owned by institutional investors.

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Las Vegas Sands Company Profile

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

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