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

Las Vegas Sands (NYSE:LVS) is expected to release its earnings data before the market opens on Wednesday, April 16th. Analysts expect Las Vegas Sands to post earnings of $0.62 per share and revenue of $2.95 billion for the quarter.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. On average, analysts expect Las Vegas Sands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $32.12 on Tuesday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. The stock has a market capitalization of $22.70 billion, a PE ratio of 16.30, a P/E/G ratio of 1.41 and a beta of 0.99. Las Vegas Sands has a fifty-two week low of $30.18 and a fifty-two week high of $56.61. The company has a fifty day moving average of $40.86 and a two-hundred day moving average of $46.96.

Las Vegas Sands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.11%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s payout ratio is currently 50.76%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LVS. Morgan Stanley lowered their price objective on Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Barclays reduced their price objective on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Finally, Citigroup lifted their target price on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.42.

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.