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

Las Vegas Sands (NYSE:LVS) is projected 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 announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. The firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 Stock Down 1.7 %

Shares of NYSE LVS traded down $0.77 during midday trading on Wednesday, hitting $44.23. 5,657,125 shares of the stock traded hands, compared to its average volume of 4,356,611. Las Vegas Sands has a one year low of $36.62 and a one year high of $56.60. The business has a 50 day moving average price of $51.20 and a two-hundred day moving average price of $46.59. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The company has a market cap of $32.07 billion, a PE ratio of 21.90, a P/E/G ratio of 1.43 and a beta of 1.09.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Wall Street Analyst Weigh In

LVS has been the subject of a number of analyst reports. Susquehanna lifted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Barclays lifted their price target on Las Vegas Sands from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Mizuho upped their price target on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus raised their price objective 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. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average price target of $59.92.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the sale, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This trade represents a 58.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 203,732 shares of company stock worth $10,861,707. Insiders own 0.91% of the company’s stock.

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.