Las Vegas Sands (LVS) to Release Earnings on Wednesday

Las Vegas Sands (NYSE:LVS) will post its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Las Vegas Sands to post earnings of $0.56 per share for the quarter.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts expect Las Vegas Sands to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Las Vegas Sands Price Performance

Shares of LVS stock traded down $0.44 during mid-day trading on Thursday, hitting $51.24. 268,821 shares of the stock were exchanged, compared to its average volume of 5,777,721. The company has a market cap of $38.18 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. The firm has a fifty day moving average of $43.72 and a 200 day moving average of $44.46. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. Las Vegas Sands has a 52-week low of $36.62 and a 52-week high of $55.65.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.56%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Analysts Set New Price Targets

LVS has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, September 4th. Stifel Nicolaus reduced their target price on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Barclays dropped their price objective on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, Susquehanna upped their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.92.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.