Las Vegas Sands Corp. (NYSE:LVS) Expected to Announce Quarterly Sales of $1.03 Billion

Equities research analysts forecast that Las Vegas Sands Corp. (NYSE:LVSGet Rating) will post $1.03 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Las Vegas Sands’ earnings. The highest sales estimate is $1.22 billion and the lowest is $759.40 million. Las Vegas Sands posted sales of $1.17 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 12%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Las Vegas Sands will report full-year sales of $4.80 billion for the current year, with estimates ranging from $4.56 billion to $5.03 billion. For the next year, analysts expect that the company will post sales of $8.91 billion, with estimates ranging from $7.22 billion to $10.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Las Vegas Sands.

Las Vegas Sands (NYSE:LVSGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The firm had revenue of $943.00 million during the quarter, compared to the consensus estimate of $1.13 billion. Las Vegas Sands had a net margin of 46.40% and a negative return on equity of 33.07%. The business’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.25) earnings per share.

Several research firms recently issued reports on LVS. UBS Group upgraded Las Vegas Sands from a “neutral” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, January 19th. Stifel Nicolaus cut their target price on Las Vegas Sands from $56.00 to $46.00 in a research report on Thursday, April 28th. CBRE Group upped their target price on Las Vegas Sands from $42.00 to $47.00 and gave the company a “hold” rating in a research report on Thursday, January 27th. Deutsche Bank Aktiengesellschaft cut their target price on Las Vegas Sands from $60.00 to $53.00 in a research report on Thursday, April 28th. Finally, StockNews.com upgraded Las Vegas Sands to a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.54.

A number of institutional investors and hedge funds have recently modified their holdings of LVS. Capital World Investors increased its holdings in Las Vegas Sands by 561.5% in the 3rd quarter. Capital World Investors now owns 19,678,651 shares of the casino operator’s stock worth $720,239,000 after purchasing an additional 16,703,651 shares in the last quarter. Invesco Ltd. increased its holdings in Las Vegas Sands by 86.2% in the 3rd quarter. Invesco Ltd. now owns 8,475,909 shares of the casino operator’s stock worth $310,219,000 after purchasing an additional 3,924,762 shares in the last quarter. Wellington Management Group LLP increased its holdings in Las Vegas Sands by 81.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,517,613 shares of the casino operator’s stock worth $238,545,000 after purchasing an additional 2,934,018 shares in the last quarter. Norges Bank acquired a new position in Las Vegas Sands in the 4th quarter worth about $86,309,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Las Vegas Sands by 28.3% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,632,906 shares of the casino operator’s stock worth $279,365,000 after purchasing an additional 1,681,486 shares in the last quarter. 34.33% of the stock is owned by institutional investors and hedge funds.

LVS opened at $31.20 on Wednesday. The business has a fifty day simple moving average of $37.05 and a 200 day simple moving average of $39.38. The company has a market capitalization of $23.84 billion, a PE ratio of 12.95 and a beta of 1.28. Las Vegas Sands has a 1 year low of $30.66 and a 1 year high of $59.84. The company has a debt-to-equity ratio of 3.19, a current ratio of 3.14 and a quick ratio of 2.14.

About Las Vegas Sands (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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