Zacks: Analysts Anticipate Las Vegas Sands Corp. (NYSE:LVS) Will Post Quarterly Sales of $1.25 Billion


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Wall Street analysts forecast that Las Vegas Sands Corp. (NYSE:LVS) will announce sales of $1.25 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Las Vegas Sands’ earnings. The lowest sales estimate is $1.04 billion and the highest is $1.60 billion. Las Vegas Sands reported sales of $3.51 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 64.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 3rd.

According to Zacks, analysts expect that Las Vegas Sands will report full-year sales of $3.75 billion for the current fiscal year, with estimates ranging from $3.51 billion to $4.07 billion. For the next fiscal year, analysts forecast that the firm will post sales of $10.06 billion, with estimates ranging from $9.02 billion to $12.06 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Las Vegas Sands.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 21st. The casino operator reported ($0.67) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.23). Las Vegas Sands had a negative net margin of 12.67% and a negative return on equity of 12.97%. The business had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $633.36 million. During the same period last year, the company posted $0.75 EPS.

LVS has been the subject of a number of recent analyst reports. HSBC lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating and upped their price target for the company from $50.50 to $53.00 in a report on Monday, November 16th. JPMorgan Chase & Co. upped their price target on shares of Las Vegas Sands from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, November 17th. Roth Capital lowered shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $52.00 to $47.00 in a report on Wednesday, September 16th. Morgan Stanley upped their price target on shares of Las Vegas Sands from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, October 21st. Finally, Jefferies Financial Group upped their price objective on shares of Las Vegas Sands from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Las Vegas Sands presently has an average rating of “Buy” and a consensus price target of $55.61.

NYSE:LVS traded down $1.32 during midday trading on Wednesday, reaching $55.30. 8,168,085 shares of the stock traded hands, compared to its average volume of 5,885,514. The company has a fifty day moving average of $57.73 and a 200 day moving average of $50.98. Las Vegas Sands has a 12 month low of $33.30 and a 12 month high of $74.29. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.30 and a current ratio of 1.31. The stock has a market capitalization of $42.24 billion, a P/E ratio of -55.86 and a beta of 1.33.

A number of hedge funds have recently made changes to their positions in LVS. IFM Investors Pty Ltd boosted its holdings in shares of Las Vegas Sands by 19.7% during the 4th quarter. IFM Investors Pty Ltd now owns 33,541 shares of the casino operator’s stock valued at $1,999,000 after acquiring an additional 5,531 shares during the last quarter. Investment House LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $2,006,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $218,000. CX Institutional boosted its holdings in shares of Las Vegas Sands by 252.5% during the 4th quarter. CX Institutional now owns 846 shares of the casino operator’s stock valued at $50,000 after acquiring an additional 606 shares during the last quarter. Finally, IMS Capital Management purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $1,097,000. 33.93% of the stock is currently owned by 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 Marina Bay Sands in Singapore.

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Earnings History and Estimates for Las Vegas Sands (NYSE:LVS)

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