Analysts Anticipate Las Vegas Sands Corp. (NYSE:LVS) Will Post Earnings of -$0.36 Per Share

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Analysts expect Las Vegas Sands Corp. (NYSE:LVS) to report earnings per share (EPS) of ($0.36) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Las Vegas Sands’ earnings, with the lowest EPS estimate coming in at ($0.66) and the highest estimate coming in at ($0.13). Las Vegas Sands posted earnings of $0.75 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 148%. The company is expected to issue its next quarterly earnings results on Wednesday, October 28th.

According to Zacks, analysts expect that Las Vegas Sands will report full year earnings of ($1.49) per share for the current year, with EPS estimates ranging from ($2.11) to ($1.00). For the next fiscal year, analysts anticipate that the company will report earnings of $1.72 per share, with EPS estimates ranging from $0.31 to $2.58. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Las Vegas Sands.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 22nd. The casino operator reported ($1.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.33). The company had revenue of $98.00 million for the quarter, compared to analyst estimates of $738.91 million. Las Vegas Sands had a net margin of 3.95% and a return on equity of 7.46%. During the same period in the previous year, the firm posted $0.72 earnings per share.

A number of research analysts have recently issued reports on LVS shares. Morgan Stanley lifted their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. Deutsche Bank lifted their target price on shares of Las Vegas Sands from $54.00 to $60.00 in a research note on Thursday, September 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 target price on shares of Las Vegas Sands in a research note on Thursday, June 11th. Bank of America reiterated a “buy” rating and issued a $61.00 target price on shares of Las Vegas Sands in a research note on Friday, August 7th. Finally, Citigroup cut their target price on shares of Las Vegas Sands from $67.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $56.06.

Several institutional investors have recently modified their holdings of LVS. Tower Research Capital LLC TRC grew its holdings in shares of Las Vegas Sands by 294.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 800 shares of the casino operator’s stock valued at $34,000 after buying an additional 597 shares during the period. Carroll Financial Associates Inc. grew its holdings in shares of Las Vegas Sands by 294.3% in the 2nd quarter. Carroll Financial Associates Inc. now owns 765 shares of the casino operator’s stock valued at $34,000 after buying an additional 571 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Las Vegas Sands by 94.9% in the 2nd quarter. Glenmede Trust Co. NA now owns 918 shares of the casino operator’s stock valued at $41,000 after buying an additional 447 shares during the period. Ninety One SA PTY Ltd acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at $42,000. Finally, GW&K Investment Management LLC grew its holdings in shares of Las Vegas Sands by 30.4% in the 2nd quarter. GW&K Investment Management LLC now owns 1,050 shares of the casino operator’s stock valued at $48,000 after buying an additional 245 shares during the period. Institutional investors own 36.45% of the company’s stock.

NYSE LVS traded down $2.18 during trading on Wednesday, reaching $49.67. 12,433,545 shares of the company traded hands, compared to its average volume of 7,102,551. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.57 and a current ratio of 1.59. The stock’s 50 day moving average price is $48.72 and its two-hundred day moving average price is $47.69. The company has a market cap of $37.94 billion, a price-to-earnings ratio of 112.89 and a beta of 1.51. Las Vegas Sands has a 1-year low of $33.30 and a 1-year high of $74.29.

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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