Las Vegas Sands (LVS) Set to Announce Quarterly Earnings on Wednesday

Las Vegas Sands (NYSE:LVS - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, analysts expect Las Vegas Sands to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Las Vegas Sands Stock Performance

NYSE:LVS traded down $0.87 during midday trading on Thursday, hitting $50.81. The company's stock had a trading volume of 4,377,799 shares, compared to its average volume of 5,799,202. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The firm has a market cap of $37.86 billion, a P/E ratio of 24.55, a P/E/G ratio of 1.48 and a beta of 1.12. The firm's 50 day moving average is $43.94 and its 200-day moving average is $44.51.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.57%. Las Vegas Sands's payout ratio is currently 38.65%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group downgraded shares of Las Vegas Sands from a "buy" rating to a "neutral" rating and decreased their target price for the company from $70.00 to $49.00 in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $61.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. StockNews.com cut Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Jefferies Financial Group decreased their price target on Las Vegas Sands from $53.00 to $47.00 and set a "hold" rating for the company in a report on Thursday, July 11th. Finally, Barclays raised their price objective on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an "overweight" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Las Vegas Sands presently has an average rating of "Moderate Buy" and an average target price of $57.42.

Las Vegas Sands Company Profile

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.