Equities analysts expect that Las Vegas Sands Corp. (NYSE:LVS) will report $3.39 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Las Vegas Sands’ earnings, with the lowest sales estimate coming in at $3.25 billion and the highest estimate coming in at $3.54 billion. Las Vegas Sands posted sales of $3.30 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The company is expected to announce its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Las Vegas Sands will report full year sales of $14.03 billion for the current fiscal year, with estimates ranging from $13.34 billion to $14.41 billion. For the next financial year, analysts expect that the company will report sales of $14.48 billion, with estimates ranging from $13.89 billion to $15.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Las Vegas Sands.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.48 billion. Las Vegas Sands had a return on equity of 34.52% and a net margin of 11.15%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share.
Shares of Las Vegas Sands stock opened at $57.04 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.85. The firm has a market cap of $44.37 billion, a price-to-earnings ratio of 17.18 and a beta of 1.52. Las Vegas Sands has a 12 month low of $47.39 and a 12 month high of $81.45.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Wednesday, June 19th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend is Tuesday, June 18th. Las Vegas Sands’s dividend payout ratio is presently 92.77%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Las Vegas Sands by 1.9% in the 1st quarter. BlackRock Inc. now owns 17,852,221 shares of the casino operator’s stock worth $1,088,272,000 after purchasing an additional 334,937 shares during the last quarter. American International Group Inc. purchased a new position in shares of Las Vegas Sands in the 4th quarter worth about $359,921,000. Bank of New York Mellon Corp raised its position in shares of Las Vegas Sands by 21.6% in the 4th quarter. Bank of New York Mellon Corp now owns 5,405,796 shares of the casino operator’s stock worth $281,371,000 after purchasing an additional 959,544 shares during the last quarter. Boston Partners raised its position in shares of Las Vegas Sands by 0.7% in the 1st quarter. Boston Partners now owns 5,204,367 shares of the casino operator’s stock worth $317,258,000 after purchasing an additional 34,348 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Las Vegas Sands in the 4th quarter worth about $229,684,000. 36.44% of the stock is owned by hedge funds and other institutional investors.
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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