Equities research analysts expect Las Vegas Sands Corp. (NYSE:LVS) to post $3.48 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Las Vegas Sands’ earnings. The highest sales estimate is $3.62 billion and the lowest is $3.39 billion. Las Vegas Sands posted sales of $3.44 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The company is expected to report its next quarterly earnings results on Wednesday, January 23rd.
According to Zacks, analysts expect that Las Vegas Sands will report full-year sales of $13.74 billion for the current financial year, with estimates ranging from $13.64 billion to $13.87 billion. For the next financial year, analysts anticipate that the company will post sales of $13.99 billion, with estimates ranging from $13.63 billion to $14.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Las Vegas Sands.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.04). The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Las Vegas Sands had a net margin of 27.71% and a return on equity of 34.18%.
Shares of LVS stock traded up $0.23 during trading on Friday, hitting $56.96. 2,272,000 shares of the stock traded hands, compared to its average volume of 3,647,513. The firm has a market cap of $44.60 billion, a PE ratio of 18.74 and a beta of 1.39. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.92 and a current ratio of 1.93. Las Vegas Sands has a 52-week low of $47.39 and a 52-week high of $81.45.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 27th. Stockholders of record on Tuesday, December 18th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Monday, December 17th. Las Vegas Sands’s dividend payout ratio is currently 98.68%.
Several institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. grew its stake in shares of Las Vegas Sands by 3.2% during the fourth quarter. North Star Investment Management Corp. now owns 16,225 shares of the casino operator’s stock worth $845,000 after purchasing an additional 500 shares in the last quarter. Avitas Wealth Management LLC grew its stake in shares of Las Vegas Sands by 2.1% during the third quarter. Avitas Wealth Management LLC now owns 36,209 shares of the casino operator’s stock worth $2,148,000 after purchasing an additional 757 shares in the last quarter. Morse Asset Management Inc grew its stake in shares of Las Vegas Sands by 1.2% during the second quarter. Morse Asset Management Inc now owns 69,060 shares of the casino operator’s stock worth $5,273,000 after purchasing an additional 790 shares in the last quarter. Vista Investment Management grew its stake in shares of Las Vegas Sands by 8.4% during the third quarter. Vista Investment Management now owns 12,599 shares of the casino operator’s stock worth $747,000 after purchasing an additional 974 shares in the last quarter. Finally, CIBC World Markets Inc. grew its stake in shares of Las Vegas Sands by 5.3% during the third quarter. CIBC World Markets Inc. now owns 20,555 shares of the casino operator’s stock worth $1,220,000 after purchasing an additional 1,033 shares in the last quarter. 36.99% of the stock is currently owned by institutional investors and hedge funds.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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