Las Vegas Sands (LVS) Projected to Post Quarterly Earnings on Wednesday

Las Vegas Sands (NYSE:LVS) is expected to post its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect Las Vegas Sands to post earnings of $0.58 per share and revenue of $2,913,490.00 billion for the quarter.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. 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

NYSE:LVS opened at $44.46 on Monday. The business’s 50-day moving average price is $50.80 and its 200 day moving average price is $46.60. The firm has a market cap of $32.23 billion, a P/E ratio of 22.01, a PEG ratio of 1.03 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. Las Vegas Sands has a 52-week low of $36.62 and a 52-week high of $56.60.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were given a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.80%. Las Vegas Sands’s dividend payout ratio (DPR) is 39.60%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley reissued an “equal weight” rating and issued a $51.00 price target (down previously from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of Las Vegas Sands from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Susquehanna increased their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Finally, Mizuho lifted their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus target price of $59.92.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the transaction, the chief executive officer now owns 60,187 shares of the company’s stock, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 203,732 shares of company stock worth $10,861,707 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

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.