Analysts Anticipate Las Vegas Sands Corp. (LVS) to Post $0.84 EPS
Wall Street analysts forecast that Las Vegas Sands Corp. (NYSE:LVS) will announce earnings per share of $0.84 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Las Vegas Sands’ earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.79. Las Vegas Sands posted earnings per share of $0.77 during the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The business is expected to announce its next quarterly earnings results on Wednesday, October 24th.
On average, analysts expect that Las Vegas Sands will report full year earnings of $3.53 per share for the current financial year, with EPS estimates ranging from $3.48 to $3.59. For the next fiscal year, analysts expect that the company will report earnings of $3.66 per share, with EPS estimates ranging from $3.58 to $3.94. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Las Vegas Sands.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 25th. The casino operator reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.06). The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.29 billion. Las Vegas Sands had a return on equity of 35.22% and a net margin of 28.06%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 EPS.
Shares of NYSE:LVS opened at $65.86 on Wednesday. The company has a market capitalization of $53.47 billion, a price-to-earnings ratio of 21.66 and a beta of 1.61. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.68 and a current ratio of 1.70. Las Vegas Sands has a 52-week low of $59.16 and a 52-week high of $81.45.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Wednesday, September 19th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Tuesday, September 18th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 98.68%.
In related news, COO Robert G. Goldstein acquired 10,000 shares of the stock in a transaction dated Tuesday, July 31st. The stock was purchased at an average cost of $71.13 per share, with a total value of $711,300.00. Following the completion of the purchase, the chief operating officer now directly owns 10,000 shares in the company, valued at approximately $711,300. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 10.20% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Centaurus Financial Inc. purchased a new stake in shares of Las Vegas Sands in the first quarter worth approximately $117,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Las Vegas Sands in the first quarter worth approximately $118,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Las Vegas Sands in the second quarter worth approximately $135,000. Synovus Financial Corp purchased a new stake in shares of Las Vegas Sands in the first quarter worth approximately $152,000. Finally, Parallel Advisors LLC raised its stake in shares of Las Vegas Sands by 297.0% in the first quarter. Parallel Advisors LLC now owns 2,354 shares of the casino operator’s stock worth $169,000 after purchasing an additional 1,761 shares during the last quarter. 37.93% of the stock is owned by hedge funds and other institutional investors.
About Las Vegas Sands
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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