Las Vegas Sands Corp. (NYSE:LVS) – Analysts at Credit Agricole SA boosted their FY2016 earnings per share (EPS) estimates for Las Vegas Sands Corp. in a research note issued on Monday. Credit Agricole SA analyst J. Oh now forecasts that the firm will post earnings of $2.26 per share for the year, up from their prior forecast of $2.23. Credit Agricole SA currently has a “Outperform” rating and a $58.00 price target on the stock. Credit Agricole SA also issued estimates for Las Vegas Sands Corp.’s FY2018 earnings at $2.53 EPS.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Monday, July 25th. The casino operator reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.04. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was down 9.3% compared to the same quarter last year.

A number of other equities analysts have also recently weighed in on LVS. JPMorgan Chase & Co. restated a “hold” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, July 17th. Wells Fargo & Co. restated a “hold” rating on shares of Las Vegas Sands Corp. in a research report on Saturday, June 4th. Deutsche Bank AG restated a “hold” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, June 26th. TheStreet cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Finally, Zacks Investment Research cut shares of Las Vegas Sands Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.29.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 56.76 on Wednesday. Las Vegas Sands Corp. has a one year low of $34.88 and a one year high of $58.65. The company has a market cap of $45.10 billion, a price-to-earnings ratio of 27.63 and a beta of 2.09. The company’s 50-day moving average is $53.32 and its 200-day moving average is $49.11.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Seven Bridges Advisors LLC raised its position in shares of Las Vegas Sands Corp. by 45.8% in the second quarter. Seven Bridges Advisors LLC now owns 2,728 shares of the casino operator’s stock valued at $119,000 after buying an additional 857 shares during the period. Pinkerton Retirement Specialists LLC bought a new position in shares of Las Vegas Sands Corp. during the second quarter valued at $119,000. Assetmark Inc. raised its position in shares of Las Vegas Sands Corp. by 10.6% in the second quarter. Assetmark Inc. now owns 3,069 shares of the casino operator’s stock valued at $133,000 after buying an additional 293 shares during the period. Americafirst Capital Management LLC bought a new position in shares of Las Vegas Sands Corp. during the second quarter valued at $181,000. Finally, Bellwether Investment Group LLC bought a new position in shares of Las Vegas Sands Corp. during the second quarter valued at $186,000. 37.88% of the stock is owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 5.07%. The ex-dividend date is Tuesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 140.49%.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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