Equities analysts expect Las Vegas Sands Corp. (NYSE:LVS) to post $3.41 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Las Vegas Sands’ earnings, with the lowest sales estimate coming in at $3.36 billion and the highest estimate coming in at $3.48 billion. Las Vegas Sands reported sales of $3.20 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that Las Vegas Sands will report full year sales of $13.83 billion for the current financial year, with estimates ranging from $13.74 billion to $13.89 billion. For the next fiscal year, analysts anticipate that the company will report sales of $14.21 billion, with estimates ranging from $13.82 billion to $14.77 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Las Vegas Sands.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 25th. The casino operator reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.06). Las Vegas Sands had a return on equity of 35.22% and a net margin of 28.06%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year.

LVS has been the topic of several analyst reports. Nomura reduced their price objective on Las Vegas Sands from $76.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, July 9th. Credit Suisse Group initiated coverage on Las Vegas Sands in a research note on Tuesday, August 14th. They set a “neutral” rating and a $72.00 price objective on the stock. Zacks Investment Research cut Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 18th. ValuEngine cut Las Vegas Sands from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Finally, Morgan Stanley boosted their price objective on Las Vegas Sands from $85.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $77.00.

NYSE LVS traded up $0.20 during trading hours on Thursday, hitting $60.66. 3,237,800 shares of the company were exchanged, compared to its average volume of 3,760,228. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.70 and a quick ratio of 1.68. Las Vegas Sands has a 52 week low of $59.11 and a 52 week high of $81.45. The stock has a market capitalization of $48.03 billion, a P/E ratio of 19.96 and a beta of 1.62.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Wednesday, September 19th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.95%. Las Vegas Sands’s dividend payout ratio is 98.68%.

In other news, EVP Lawrence A. Jacobs sold 66,667 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $60.95, for a total transaction of $4,063,353.65. Following the transaction, the executive vice president now owns 66,667 shares of the company’s stock, valued at $4,063,353.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Robert G. Goldstein bought 10,000 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were acquired at an average cost of $71.13 per share, for a total transaction of $711,300.00. Following the purchase, the chief operating officer now owns 10,000 shares of the company’s stock, valued at approximately $711,300. The disclosure for this purchase can be found here. Corporate insiders own 10.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LVS. BlackRock Inc. grew its stake in shares of Las Vegas Sands by 20.5% during the second quarter. BlackRock Inc. now owns 19,856,347 shares of the casino operator’s stock valued at $1,516,232,000 after buying an additional 3,371,432 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in shares of Las Vegas Sands in the first quarter valued at approximately $165,381,000. Millennium Management LLC boosted its holdings in shares of Las Vegas Sands by 164.0% in the first quarter. Millennium Management LLC now owns 2,679,090 shares of the casino operator’s stock valued at $192,627,000 after purchasing an additional 1,664,098 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Las Vegas Sands by 58.4% in the second quarter. Schroder Investment Management Group now owns 3,132,036 shares of the casino operator’s stock valued at $236,844,000 after purchasing an additional 1,154,672 shares during the period. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Las Vegas Sands by 2,470.9% in the first quarter. OppenheimerFunds Inc. now owns 1,153,096 shares of the casino operator’s stock valued at $82,908,000 after purchasing an additional 1,108,244 shares during the period. 38.52% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Company Profile

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

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