Brokerages expect Las Vegas Sands Corp. (NYSE:LVS) to report $3.48 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Las Vegas Sands’ earnings. The lowest sales estimate is $3.39 billion and the highest is $3.62 billion. Las Vegas Sands posted sales of $3.44 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The firm is scheduled to report its next quarterly earnings results on Wednesday, January 23rd.
On average, analysts expect that Las Vegas Sands will report full year sales of $13.74 billion for the current fiscal year, with estimates ranging from $13.64 billion to $13.87 billion. For the next financial year, analysts anticipate that the business will report sales of $13.99 billion, with estimates ranging from $13.63 billion to $14.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Las Vegas Sands.
Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 24th. The casino operator reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.04). The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.41 billion. Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%.
A number of large investors have recently added to or reduced their stakes in LVS. First Hawaiian Bank raised its stake in shares of Las Vegas Sands by 459.4% in the 4th quarter. First Hawaiian Bank now owns 7,132 shares of the casino operator’s stock valued at $372,000 after buying an additional 5,857 shares in the last quarter. Cerebellum GP LLC raised its stake in shares of Las Vegas Sands by 71.6% in the 4th quarter. Cerebellum GP LLC now owns 5,285 shares of the casino operator’s stock valued at $275,000 after buying an additional 2,206 shares in the last quarter. Webster Bank N. A. raised its stake in shares of Las Vegas Sands by 161.1% in the 4th quarter. Webster Bank N. A. now owns 13,858 shares of the casino operator’s stock valued at $721,000 after buying an additional 8,550 shares in the last quarter. Cumberland Advisors Inc. acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at $986,000. Finally, North Star Investment Management Corp. raised its stake in shares of Las Vegas Sands by 3.2% in the 4th quarter. North Star Investment Management Corp. now owns 16,225 shares of the casino operator’s stock valued at $845,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 36.99% of the company’s stock.
LVS stock traded up $0.23 during trading hours on Friday, hitting $56.96. The company’s stock had a trading volume of 2,272,000 shares, compared to its average volume of 3,647,513. The company has a quick ratio of 1.92, a current ratio of 1.93 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $44.60 billion, a price-to-earnings ratio of 18.74 and a beta of 1.39. Las Vegas Sands has a 12 month low of $47.39 and a 12 month high of $81.45.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 27th. Investors of record on Tuesday, December 18th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 5.27%. The ex-dividend date was Monday, December 17th. Las Vegas Sands’s payout ratio is currently 98.68%.
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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