Las Vegas Sands (LVS) to Release Quarterly Earnings on Wednesday

Las Vegas Sands (NYSE:LVS) is set to announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company posted $0.46 earnings per share. The business’s revenue for the quarter 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 Stock Performance

Shares of NYSE LVS opened at $51.55 on Monday. The stock has a 50 day moving average price of $44.20 and a 200 day moving average price of $44.37. Las Vegas Sands has a 52 week low of $36.62 and a 52 week high of $55.65. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The stock has a market capitalization of $38.41 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors 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 annualized dividend and a yield of 1.55%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. UBS Group cut Las Vegas Sands from a “buy” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $49.00 in a research report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $57.42.

About Las Vegas Sands

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.