Las Vegas Sands Corp. (NYSE:LVS) Expected to Announce Earnings of -$0.14 Per Share

Brokerages expect Las Vegas Sands Corp. (NYSE:LVS) to post earnings of ($0.14) per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Las Vegas Sands’ earnings, with the lowest EPS estimate coming in at ($0.31) and the highest estimate coming in at $0.19. Las Vegas Sands posted earnings per share of ($0.67) during the same quarter last year, which suggests a positive year-over-year growth rate of 79.1%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 20th.

According to Zacks, analysts expect that Las Vegas Sands will report full year earnings of ($0.75) per share for the current year, with EPS estimates ranging from ($1.07) to ($0.35). For the next year, analysts forecast that the company will report earnings of $1.85 per share, with EPS estimates ranging from $0.77 to $2.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Las Vegas Sands.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Tuesday, July 20th. The casino operator reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.09). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Las Vegas Sands had a negative net margin of 32.53% and a negative return on equity of 35.02%. The firm’s revenue was up 1096.9% on a year-over-year basis. During the same period in the prior year, the company earned ($1.05) earnings per share.

LVS has been the subject of a number of analyst reports. Stifel Nicolaus cut their target price on Las Vegas Sands from $77.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 22nd. TheStreet downgraded Las Vegas Sands from a “c-” rating to a “d+” rating in a research note on Friday, July 23rd. Wells Fargo & Company initiated coverage on Las Vegas Sands in a research note on Tuesday. They issued an “equal weight” rating and a $50.00 price objective for the company. Morgan Stanley dropped their price objective on Las Vegas Sands from $58.00 to $53.00 and set an “equal weight” rating for the company in a research note on Thursday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Las Vegas Sands in a research note on Thursday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Hold” and an average price target of $60.27.

Hedge funds have recently bought and sold shares of the company. Ameritas Investment Company LLC acquired a new stake in shares of Las Vegas Sands during the first quarter worth $27,000. Abundance Wealth Counselors acquired a new stake in shares of Las Vegas Sands during the first quarter worth $30,000. E Fund Management Co. Ltd. acquired a new stake in shares of Las Vegas Sands during the first quarter worth $35,000. Wagner Wealth Management LLC acquired a new stake in shares of Las Vegas Sands during the first quarter worth $36,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Las Vegas Sands during the first quarter worth $37,000. Institutional investors and hedge funds own 36.81% of the company’s stock.

Shares of LVS stock traded down $1.39 during trading hours on Friday, reaching $37.32. 450,067 shares of the company’s stock were exchanged, compared to its average volume of 7,232,324. The company has a market cap of $28.51 billion, a P/E ratio of -22.25 and a beta of 1.38. The company’s 50 day moving average is $43.70 and its two-hundred day moving average is $53.48. Las Vegas Sands has a 1 year low of $36.42 and a 1 year high of $66.76. The company has a debt-to-equity ratio of 4.88, a current ratio of 2.19 and a quick ratio of 2.19.

About Las Vegas Sands

Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the following geographic segments: Macao, Singapore and United States. The Macao segment handles the operations of The Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao and Sands Macao.

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

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