Las Vegas Sands Corp. (NYSE:LVS) Expected to Post Earnings of -$0.21 Per Share

Brokerages expect Las Vegas Sands Corp. (NYSE:LVSGet Rating) to report earnings per share (EPS) of ($0.21) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Las Vegas Sands’ earnings. The lowest EPS estimate is ($0.28) and the highest is ($0.08). Las Vegas Sands reported earnings of ($0.25) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 16%. The firm is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Las Vegas Sands will report full year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from ($0.31) to $0.77. For the next fiscal year, analysts forecast that the firm will report earnings of $2.09 per share, with EPS estimates ranging from $1.80 to $2.45. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Las Vegas Sands.

Las Vegas Sands (NYSE:LVSGet Rating) last issued its earnings results on Wednesday, January 26th. The casino operator reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.01. Las Vegas Sands had a negative return on equity of 33.44% and a negative net margin of 22.70%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm posted ($0.37) EPS. Las Vegas Sands’s quarterly revenue was down .7% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the company. CBRE Group raised their price target on Las Vegas Sands from $42.00 to $47.00 and gave the company a “hold” rating in a report on Thursday, January 27th. Bank of America lowered Las Vegas Sands from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $46.00 to $40.00 in a research report on Monday, January 10th. Wells Fargo & Company raised their price target on Las Vegas Sands from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 27th. Citigroup lifted their target price on Las Vegas Sands from $57.00 to $60.00 in a report on Tuesday, January 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.23.

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in shares of Las Vegas Sands by 31.0% during the second quarter. Morgan Stanley now owns 1,933,825 shares of the casino operator’s stock worth $101,894,000 after acquiring an additional 457,498 shares during the period. Spire Wealth Management bought a new stake in shares of Las Vegas Sands during the third quarter worth approximately $25,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Las Vegas Sands by 5.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 219,170 shares of the casino operator’s stock worth $8,022,000 after acquiring an additional 10,787 shares during the period. Huntington National Bank boosted its stake in shares of Las Vegas Sands by 19.5% in the third quarter. Huntington National Bank now owns 2,505 shares of the casino operator’s stock valued at $92,000 after buying an additional 408 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Las Vegas Sands by 1.0% in the third quarter. M&T Bank Corp now owns 53,114 shares of the casino operator’s stock valued at $1,944,000 after buying an additional 519 shares during the period. 34.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of LVS traded down $0.52 during mid-day trading on Monday, reaching $36.44. The company had a trading volume of 177,108 shares, compared to its average volume of 8,580,822. Las Vegas Sands has a twelve month low of $31.26 and a twelve month high of $62.85. The company has a debt-to-equity ratio of 6.55, a current ratio of 2.15 and a quick ratio of 2.14. The company’s 50-day moving average is $40.38 and its 200-day moving average is $39.76. The company has a market capitalization of $27.84 billion, a P/E ratio of -28.96 and a beta of 1.31.

Las Vegas Sands Company Profile (Get Rating)

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 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.

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

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