Las Vegas Sands Corp. (NYSE: LVS) Expected to Post Earnings of $ -0.15 per Share
Brokerages expect Las Vegas Sands Corp. (NYSE: LVS) reports ($ 0.15) earnings per share for the current fiscal quarter, according to Zack. Four analysts have estimated the profits of Las Vegas Sands. The highest EPS estimate is $ 0.08 and the lowest ($ 0.30). Las Vegas Sands posted earnings of ($ 1.05) per share for the same quarter last year, which would indicate a positive year-over-year growth rate of 85.7%. The company is expected to release its next earnings report on Wednesday, July 28.
On average, analysts expect Las Vegas Sands to report annual earnings of ($ 0.03) per share for the current fiscal year, with EPS estimates ranging from $ 0.25 to $ 0.44. For next year, analysts predict the company will post earnings of $ 2.21 per share, with EPS estimates ranging from $ 1.84 to $ 2.82. Zacks EPS Averages is an average based on a survey of research companies that provide coverage for Las Vegas Sands.
Las Vegas Sands (NYSE: LVS) last reported quarterly results on Tuesday, April 20. The casino operator reported ($ 0.25) earnings per share (EPS) for the quarter, exceeding the consensus estimate of ($ 0.27) by $ 0.02. Las Vegas Sands recorded a negative return on equity of 47.40% and a negative net margin of 64.84%. The company posted revenue of $ 1.20 billion in the quarter, compared to a consensus estimate of $ 1.37 billion. During the same period of the previous year, the company made earnings per share ($ 0.03). The company’s revenue for the quarter was down 15.6% from the same quarter last year.
Several research companies have weighed in on LVS recently. Stifel Nicolaus raised his price target on Las Vegas Sands from $ 68.00 to $ 77.00 and gave the stock a “buy” rating in a research report on Monday, March 15. Morgan Stanley increased its price target on Las Vegas Sands from $ 54.00 to $ 58.00 and gave the company an “equal weight” rating in a research report published on Monday, April 26. Credit Suisse Group increased its price target on Las Vegas Sands from $ 58.00 to $ 69.00 and gave the company an “outperformance” rating in a research report on Thursday, April 22. JPMorgan Chase & Co. raised its price target on Las Vegas Sands from $ 62.00 to $ 72.00 and assigned the company an “overweight” rating in a research report published on Monday, March 15. To finish, Zacks investment research upgraded Las Vegas Sands from a “sell” rating to a “conservation” rating and set a price target of $ 63.00 for the company in a research report released on Tuesday, March 30. Seven analysts rated the stock with a conservation rating and seven issued a buy rating for the company. The company currently has a consensus rating of “Buy” and an average price target of $ 61.68.
Several hedge funds and other institutional investors have recently changed their positions in LVS. Price T Rowe Associates Inc. MD increased its stake in Las Vegas Sands by 17.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,384,132 casino operator shares valued at $ 1,360,060,000 after acquiring 3,393,063 additional shares during the period. Nuveen Asset Management LLC increased its stake in Las Vegas Sands by 0.3% during the 1st quarter. Nuveen Asset Management LLC now owns 7,587,168 shares of the casino operator valued at $ 460,997,000 after acquiring an additional 25,579 shares during the period. Bank of New York Mellon Corp increased its stake in Las Vegas Sands by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 6,649,033 shares of the casino operator valued at $ 403,997,000 after acquiring an additional 49,775 shares during the period. Boston Partners increased its stake in Las Vegas Sands by 16.4% during the 4th quarter. Boston Partners now owns 5,373,894 shares of the casino operator valued at $ 320,284,000 after acquiring an additional 757,258 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Las Vegas Sands by 28.3% during the first quarter. Victory Capital Management Inc. now owns 5,178,604 casino operator shares valued at $ 314,653,000 after acquiring an additional 1,142,211 shares during the period. Institutional investors hold 38.06% of the shares of the company.
LVS shares open for $ 53.38 Wednesday. The company has a quick ratio of 2.27, a current ratio of 2.28, and a debt to equity ratio of 4.52. The company has a market cap of $ 40.78 billion, a PE ratio of -20.94 and a beta of 1.44. The 50-day moving average share price is $ 57.70. Las Vegas Sands has a 52-week low of $ 42.58 and a 52-week high of $ 66.76.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., along with its subsidiaries, develops, owns and operates integrated resorts in Asia and the United States. It owns and operates the Venetian Macao Resort Hotel, Londoner Macao, Parisian Macao, Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and Sands Macao in Macau, People’s Republic of China; and Marina Bay Sands in Singapore.
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