Las Vegas Sands Corp. (NYSE:LVS) Expected to Post Quarterly Sales of $3.39 Billion
Analysts expect Las Vegas Sands Corp. (NYSE:LVS) to announce $3.39 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Las Vegas Sands’ earnings, with the highest sales estimate coming in at $3.54 billion and the lowest estimate coming in at $3.25 billion. Las Vegas Sands reported sales of $3.30 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The firm is expected to report its next quarterly earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that Las Vegas Sands will report full-year sales of $14.03 billion for the current financial year, with estimates ranging from $13.34 billion to $14.41 billion. For the next financial year, analysts expect that the firm will report sales of $14.48 billion, with estimates ranging from $13.89 billion to $15.00 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Las Vegas Sands.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.06. Las Vegas Sands had a return on equity of 34.52% and a net margin of 11.15%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period last year, the company earned $1.04 EPS. Las Vegas Sands’s revenue for the quarter was up 1.9% compared to the same quarter last year.
LVS traded up $0.63 on Friday, hitting $63.23. 2,052,077 shares of the company were exchanged, compared to its average volume of 3,317,038. The stock’s fifty day moving average price is $58.51. The company has a quick ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.85. Las Vegas Sands has a 12 month low of $47.39 and a 12 month high of $76.10. The company has a market capitalization of $48.38 billion, a PE ratio of 19.05 and a beta of 1.52.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Wednesday, June 19th were given a $0.77 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.87%. Las Vegas Sands’s dividend payout ratio is currently 92.77%.
Hedge funds have recently modified their holdings of the company. Coronation Fund Managers Ltd. bought a new position in shares of Las Vegas Sands in the first quarter worth about $4,367,000. PRW Wealth Management LLC purchased a new stake in shares of Las Vegas Sands in the fourth quarter worth about $99,000. Baltimore Capital Management Inc. purchased a new stake in shares of Las Vegas Sands in the first quarter worth about $946,000. Stormborn Capital Management LLC lifted its position in shares of Las Vegas Sands by 9,900.0% in the first quarter. Stormborn Capital Management LLC now owns 50,000 shares of the casino operator’s stock worth $3,048,000 after buying an additional 49,500 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Las Vegas Sands by 78.2% in the first quarter. Oppenheimer & Co. Inc. now owns 43,122 shares of the casino operator’s stock worth $2,628,000 after buying an additional 18,918 shares in the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.
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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