Wall Street brokerages forecast that Las Vegas Sands Corp. (NYSE:LVS) will report sales of $3.34 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Las Vegas Sands’ earnings, with estimates ranging from $3.26 billion to $3.37 billion. Las Vegas Sands reported sales of $3.37 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 0.9%. The firm is expected to report its next quarterly earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that Las Vegas Sands will report full-year sales of $13.78 billion for the current year, with estimates ranging from $13.68 billion to $13.86 billion. For the next financial year, analysts anticipate that the company will post sales of $14.06 billion, with estimates ranging from $13.75 billion to $14.40 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Las Vegas Sands.
Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.09). Las Vegas Sands had a return on equity of 35.77% and a net margin of 14.01%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm earned $0.76 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Las Vegas Sands by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 22,610,132 shares of the casino operator’s stock valued at $1,336,033,000 after purchasing an additional 102,810 shares during the period. BlackRock Inc. increased its holdings in Las Vegas Sands by 3.7% during the 2nd quarter. BlackRock Inc. now owns 18,516,990 shares of the casino operator’s stock valued at $1,094,168,000 after purchasing an additional 664,769 shares during the period. Boston Partners increased its holdings in Las Vegas Sands by 16.5% during the 2nd quarter. Boston Partners now owns 6,063,064 shares of the casino operator’s stock valued at $358,510,000 after purchasing an additional 858,697 shares during the period. Thornburg Investment Management Inc. increased its holdings in Las Vegas Sands by 1.7% during the 1st quarter. Thornburg Investment Management Inc. now owns 3,970,962 shares of the casino operator’s stock valued at $242,070,000 after purchasing an additional 66,485 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Las Vegas Sands by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 3,215,580 shares of the casino operator’s stock valued at $167,354,000 after purchasing an additional 87,729 shares during the period. Hedge funds and other institutional investors own 36.42% of the company’s stock.
LVS stock traded up $0.61 during mid-day trading on Tuesday, hitting $54.28. 139,048 shares of the stock were exchanged, compared to its average volume of 4,147,644. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.64 and a quick ratio of 1.62. The business has a fifty day moving average price of $58.60 and a 200 day moving average price of $60.66. Las Vegas Sands has a 12 month low of $47.39 and a 12 month high of $69.60. The stock has a market capitalization of $40.88 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 6.94 and a beta of 1.52.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Wednesday, September 18th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.08 annualized dividend and a dividend yield of 5.67%. Las Vegas Sands’s dividend payout ratio is currently 92.77%.
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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