Las Vegas Sands (LVS) Set to Announce Quarterly Earnings on Wednesday

Las Vegas Sands (NYSE:LVS) is scheduled to be announcing 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.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. Las Vegas Sands’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 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 Stock Down 0.9 %

Shares of Las Vegas Sands stock traded down $0.44 during trading on Thursday, hitting $51.24. 268,821 shares of the stock were exchanged, compared to its average volume of 5,777,721. The stock has a market cap of $38.18 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. The firm’s 50-day moving average price is $43.72 and its 200 day moving average price is $44.46. Las Vegas Sands has a 12-month low of $36.62 and a 12-month high of $55.65. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Stifel Nicolaus reduced their price target on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. UBS Group lowered shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $49.00 in a research note on Friday, August 23rd. Macquarie dropped their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Four 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.92.

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.