Las Vegas Sands (LVS) Projected to Post Quarterly Earnings on Wednesday

Las Vegas Sands (NYSE:LVS) is projected to announce its earnings results before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.62 per share and revenue of $2.95 billion for the quarter.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. On average, analysts expect Las Vegas Sands to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $32.06 on Monday. The stock’s 50-day simple moving average is $41.09 and its 200-day simple moving average is $47.10. The firm has a market capitalization of $22.65 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. Las Vegas Sands has a fifty-two week low of $30.18 and a fifty-two week high of $56.61. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74.

Las Vegas Sands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. Las Vegas Sands’s dividend payout ratio (DPR) is presently 50.76%.

Analyst Ratings Changes

A number of research firms recently commented on LVS. Morgan Stanley dropped their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Barclays dropped their price objective on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Citigroup boosted their target price on Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price target on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their price objective on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus price target of $59.42.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. 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.