Las Vegas Sands Corp. (NYSE:LVS) Expected to Announce Earnings of -$0.21 Per Share
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Equities analysts expect Las Vegas Sands Corp. (NYSE:LVS - Get Rating) to announce earnings of ($0.21) per share for the current quarter, Zacks reports. Four analysts have made estimates for Las Vegas Sands' earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.28). Las Vegas Sands reported earnings per share of ($0.25) in the same quarter last year, which would suggest a positive year-over-year growth rate of 16%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Las Vegas Sands will report full-year earnings of $0.17 per share for the current year, with EPS estimates ranging from ($0.31) to $0.77. For the next year, analysts anticipate that the firm will post earnings of $2.09 per share, with EPS estimates ranging from $1.80 to $2.45. Zacks Investment Research's EPS averages are an average based on a survey of sell-side research analysts that follow Las Vegas Sands.
Las Vegas Sands (NYSE:LVS - Get Rating) last released its quarterly earnings data on Wednesday, January 26th. The casino operator reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.23) by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.10 billion. Las Vegas Sands had a negative return on equity of 33.44% and a negative net margin of 22.70%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.37) EPS.
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A number of brokerages recently issued reports on LVS. JPMorgan Chase & Co. raised Las Vegas Sands from a "neutral" rating to an "overweight" rating and upped their target price for the company from $36.00 to $48.00 in a research report on Tuesday, January 11th. Stifel Nicolaus upped their target price on Las Vegas Sands from $51.00 to $56.00 and gave the company a "buy" rating in a research report on Thursday, January 27th. Morgan Stanley upped their target price on Las Vegas Sands from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 18th. Citigroup upped their price objective on Las Vegas Sands from $57.00 to $60.00 in a research note on Tuesday, January 18th. Finally, Jefferies Financial Group upped their price objective on Las Vegas Sands from $39.00 to $45.00 in a research note on Friday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $51.69.
NYSE:LVS traded down $0.73 on Monday, hitting $38.47. 238,158 shares of the company's stock were exchanged, compared to its average volume of 9,430,649. The firm's 50-day moving average is $42.30 and its 200 day moving average is $39.80. The company has a market capitalization of $29.39 billion, a PE ratio of -30.53 and a beta of 1.33. Las Vegas Sands has a 1-year low of $31.26 and a 1-year high of $64.33. The company has a debt-to-equity ratio of 6.55, a quick ratio of 2.14 and a current ratio of 2.15.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in Las Vegas Sands by 1.2% in the 4th quarter. IFP Advisors Inc now owns 23,472 shares of the casino operator's stock valued at $885,000 after purchasing an additional 271 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Las Vegas Sands by 0.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 44,898 shares of the casino operator's stock valued at $1,690,000 after purchasing an additional 285 shares in the last quarter. K.J. Harrison & Partners Inc increased its stake in Las Vegas Sands by 3.2% in the 4th quarter. K.J. Harrison & Partners Inc now owns 9,800 shares of the casino operator's stock valued at $369,000 after purchasing an additional 300 shares in the last quarter. Global Retirement Partners LLC increased its stake in Las Vegas Sands by 50.2% in the 3rd quarter. Global Retirement Partners LLC now owns 927 shares of the casino operator's stock valued at $34,000 after purchasing an additional 310 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Las Vegas Sands by 28.3% in the 3rd quarter. Allworth Financial LP now owns 1,482 shares of the casino operator's stock valued at $54,000 after purchasing an additional 327 shares in the last quarter. 34.33% of the stock is owned by hedge funds and other institutional investors.
About Las Vegas Sands (Get Rating)
Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the following geographic segments: Macao, Singapore and the United States. The Macao segment handles the operations of The Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao and Sands Macao.
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