Las Vegas Sands (LVS) to Release Quarterly Earnings on Wednesday

Las Vegas Sands (NYSE:LVS) will likely be posting its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect Las Vegas Sands to post earnings of $0.58 per share and revenue of $2,913,490.00 billion for the quarter.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the company earned $0.55 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts expect Las Vegas Sands to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Las Vegas Sands Price Performance

LVS stock traded down $0.77 during mid-day trading on Wednesday, hitting $44.23. The stock had a trading volume of 5,657,125 shares, compared to its average volume of 4,356,611. The firm has a fifty day simple moving average of $51.20 and a 200 day simple moving average of $46.59. Las Vegas Sands has a 52 week low of $36.62 and a 52 week high of $56.60. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $32.07 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.43 and a beta of 1.09.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.81%. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LVS. Susquehanna lifted their price target on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus raised their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group upped their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Mizuho raised their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.92.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 203,732 shares of company stock valued at $10,861,707. 0.91% of the stock is currently owned by company insiders.

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.