Trading Report: The Las Vegas Sands Corp. (LVS) Set to Announce Quarterly Earnings on Wednesday

The Las Vegas Sands Corp. (LVS) Set to Announce Quarterly Earnings on Wednesday

Las Vegas Sands Corp. (NYSE:LVS) is set to post its quarterly earnings results after the market closes on Wednesday, October 19th. Analysts expect Las Vegas Sands Corp. to post earnings of $0.60 per share for the quarter.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Monday, July 25th. The casino operator reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.76 billion. Las Vegas Sands Corp. had a return on equity of 22.12% and a net margin of 14.69%. The company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. On average, analysts expect Las Vegas Sands Corp. to post $2.19 EPS for the current fiscal year and $2.37 EPS for the next fiscal year.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 57.57 on Tuesday. Las Vegas Sands Corp. has a 12-month low of $34.88 and a 12-month high of $60.00. The stock’s 50 day moving average price is $56.67 and its 200-day moving average price is $49.87. The firm has a market capitalization of $45.74 billion, a P/E ratio of 28.03 and a beta of 2.03.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd were given a $0.72 dividend. The ex-dividend date was Tuesday, September 20th. This represents a $2.88 annualized dividend and a yield of 5.00%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 140.49%.

LVS has been the topic of several recent research reports. Vetr upgraded shares of Las Vegas Sands Corp. from a “buy” rating to a “strong-buy” rating and set a $66.73 price target on the stock in a research report on Monday, October 3rd. Buckingham Research initiated coverage on shares of Las Vegas Sands Corp. in a research note on Thursday, August 11th. They issued a “neutral” rating and a $55.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of Las Vegas Sands Corp. from $56.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Citigroup Inc. reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Las Vegas Sands Corp. in a research note on Wednesday, September 14th. Finally, Bank of America Corp. raised shares of Las Vegas Sands Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $58.87 to $63.00 in a research note on Tuesday, October 4th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $56.05.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pinkerton Retirement Specialists LLC acquired a new stake in Las Vegas Sands Corp. during the second quarter worth $119,000. Banced Corp boosted its stake in Las Vegas Sands Corp. by 4.0% in the second quarter. Banced Corp now owns 7,394 shares of the casino operator’s stock worth $281,000 after buying an additional 283 shares during the last quarter. Advisor Group Inc. acquired a new stake in Las Vegas Sands Corp. during the second quarter worth $440,000. RiverPoint Capital Management LLC boosted its stake in Las Vegas Sands Corp. by 3.7% in the second quarter. RiverPoint Capital Management LLC now owns 10,691 shares of the casino operator’s stock worth $465,000 after buying an additional 378 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its stake in Las Vegas Sands Corp. by 24.0% in the second quarter. First Allied Advisory Services Inc. now owns 12,073 shares of the casino operator’s stock worth $516,000 after buying an additional 2,337 shares during the last quarter. Institutional investors own 38.12% of the company’s stock.

About Las Vegas Sands Corp.

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