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

Las Vegas Sands (NYSE:LVS) is expected to release its earnings data 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 released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion during 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 firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. 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 Las Vegas Sands stock opened at $44.46 on Tuesday. The firm has a market capitalization of $32.23 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.03 and a beta of 1.09. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands has a 12 month low of $36.62 and a 12 month high of $56.60. The business’s 50-day moving average price is $50.80 and its 200-day moving average price is $46.63.

Las Vegas Sands Announces Dividend

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

Insider Activity

In related news, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the sale, the chief executive officer now directly owns 84,511 shares in the company, valued at approximately $4,540,776.03. The trade was a 58.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of Las Vegas Sands stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Insiders have sold a total of 203,732 shares of company stock valued at $10,861,707 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $51.00 price objective (down previously from $54.00) on shares of Las Vegas Sands in a report on Tuesday, January 14th. Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and upped their price target for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Barclays raised their price target on shares of Las Vegas Sands from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. UBS Group increased their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus upped their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.92.

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.