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

Las Vegas Sands (NYSE:LVS) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the business posted ($0.19) EPS. The company’s revenue for the quarter was up 161.0% on a year-over-year basis. On average, analysts expect Las Vegas Sands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Las Vegas Sands Trading Down 2.3 %

Las Vegas Sands stock opened at $50.43 on Monday. Las Vegas Sands has a 52 week low of $43.77 and a 52 week high of $65.58. The stock has a market capitalization of $37.89 billion, a P/E ratio of 31.52, a PEG ratio of 0.81 and a beta of 1.16. The stock has a 50-day simple moving average of $52.48 and a 200 day simple moving average of $49.55. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, February 5th. Las Vegas Sands’s dividend payout ratio is presently 50.00%.

Analysts Set New Price Targets

LVS has been the subject of a number of analyst reports. Morgan Stanley lifted their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Mizuho initiated coverage on shares of Las Vegas Sands in a research note on Tuesday, March 26th. They set a “buy” rating and a $70.00 target price on the stock. StockNews.com raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Finally, Barclays boosted their price objective on shares of Las Vegas Sands from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.37.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the sale, the chief executive officer now owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Coppell Advisory Solutions LLC bought a new position in shares of Las Vegas Sands during the 2nd quarter valued at approximately $29,000. Retirement Group LLC bought a new position in Las Vegas Sands in the 4th quarter worth approximately $31,000. Tyler Stone Wealth Management bought a new position in Las Vegas Sands in the 2nd quarter worth approximately $46,000. Dark Forest Capital Management LP boosted its holdings in Las Vegas Sands by 83,900.0% in the 1st quarter. Dark Forest Capital Management LP now owns 840 shares of the casino operator’s stock worth $48,000 after buying an additional 839 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in Las Vegas Sands by 1,951.2% in the 3rd quarter. Lazard Asset Management LLC now owns 841 shares of the casino operator’s stock worth $38,000 after buying an additional 800 shares during the period. 39.16% of the stock is owned by institutional investors.

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.