Zacks: Brokerages Expect Las Vegas Sands Corp. (NYSE:LVS) to Post -$0.36 EPS
Equities analysts forecast that Las Vegas Sands Corp. (NYSE:LVS) will post earnings of ($0.36) per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Las Vegas Sands’ earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.64). Las Vegas Sands posted earnings per share of $0.75 during the same quarter last year, which indicates a negative year over year growth rate of 148%. The firm is expected to announce its next earnings results on Wednesday, October 28th.
On average, analysts expect that Las Vegas Sands will report full-year earnings of ($1.49) per share for the current year, with EPS estimates ranging from ($2.07) to ($1.00). For the next financial year, analysts anticipate that the firm will post earnings of $1.73 per share, with EPS estimates ranging from $0.39 to $2.59. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Las Vegas Sands.
Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 22nd. The casino operator reported ($1.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by ($0.33). Las Vegas Sands had a return on equity of 7.46% and a net margin of 3.95%. The firm had revenue of $98.00 million during the quarter, compared to analysts’ expectations of $738.91 million. During the same quarter in the prior year, the company posted $0.72 earnings per share.
Shares of LVS stock traded down $1.86 during mid-day trading on Friday, hitting $43.64. The stock had a trading volume of 4,675,582 shares, compared to its average volume of 5,712,348. Las Vegas Sands has a 12-month low of $33.30 and a 12-month high of $74.29. The firm has a market capitalization of $33.33 billion, a P/E ratio of 99.18 and a beta of 1.59. The firm’s 50-day moving average is $46.49 and its two-hundred day moving average is $52.13. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.59 and a quick ratio of 1.43.
Hedge funds have recently made changes to their positions in the company. Orion Portfolio Solutions LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at about $33,000. Whittier Trust Co. increased its holdings in shares of Las Vegas Sands by 212.1% in the first quarter. Whittier Trust Co. now owns 771 shares of the casino operator’s stock valued at $33,000 after purchasing an additional 524 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Las Vegas Sands by 294.1% in the first quarter. Tower Research Capital LLC TRC now owns 800 shares of the casino operator’s stock valued at $34,000 after purchasing an additional 597 shares during the period. Carroll Financial Associates Inc. increased its holdings in shares of Las Vegas Sands by 294.3% in the second quarter. Carroll Financial Associates Inc. now owns 765 shares of the casino operator’s stock valued at $34,000 after purchasing an additional 571 shares during the period. Finally, Paragon Capital Management LLC acquired a new position in shares of Las Vegas Sands in the first quarter valued at about $42,000. 38.05% of the stock is currently owned by institutional investors and hedge funds.
About Las Vegas Sands
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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