Las Vegas Sands Corp. (NYSE:LVS) – Equities research analysts at Credit Agricole SA reduced their FY2017 earnings per share estimates for shares of Las Vegas Sands Corp. in a research report issued on Monday. Credit Agricole SA analyst J. Oh now anticipates that the firm will post earnings per share of $2.42 for the year, down from their prior estimate of $2.53. Credit Agricole SA has a “Outperform” rating and a $58.00 price objective on the stock.

A number of other equities analysts have also recently commented on the stock. Deutsche Bank AG reissued a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Friday, September 16th. Citigroup Inc. reissued a “buy” rating and issued a $62.00 price target on shares of Las Vegas Sands Corp. in a research note on Wednesday, September 14th. Argus raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $56.54 to $67.00 in a research note on Wednesday, September 14th. Susquehanna reissued a “positive” rating and issued a $63.00 price target on shares of Las Vegas Sands Corp. in a research note on Thursday, September 8th. Finally, Stifel Nicolaus upped their price objective on shares of Las Vegas Sands Corp. from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $54.29.

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.97% during midday trading on Tuesday, reaching $57.31. 1,103,596 shares of the company’s stock were exchanged. Las Vegas Sands Corp. has a 12-month low of $34.88 and a 12-month high of $58.65. The company has a market cap of $45.54 billion, a price-to-earnings ratio of 27.90 and a beta of 2.09. The firm has a 50-day moving average price of $53.32 and a 200 day moving average price of $49.11.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Monday, July 25th. The casino operator reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.04. The company earned $2.65 billion during the quarter, compared to analyst estimates of $2.76 billion. Las Vegas Sands Corp. had a return on equity of 22.12% and a net margin of 14.69%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share.

Hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. increased its stake in Las Vegas Sands Corp. by 19.7% in the second quarter. Nomura Holdings Inc. now owns 109,868 shares of the casino operator’s stock worth $4,785,000 after buying an additional 18,077 shares in the last quarter. IFP Advisors Inc increased its stake in Las Vegas Sands Corp. by 9.3% in the second quarter. IFP Advisors Inc now owns 5,638 shares of the casino operator’s stock worth $245,000 after buying an additional 482 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Las Vegas Sands Corp. by 6.4% in the second quarter. Public Employees Retirement System of Ohio now owns 345,823 shares of the casino operator’s stock worth $15,040,000 after buying an additional 20,666 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Las Vegas Sands Corp. by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 597,898 shares of the casino operator’s stock worth $26,003,000 after buying an additional 19,487 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Las Vegas Sands Corp. by 4.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 130,384 shares of the casino operator’s stock worth $5,670,000 after buying an additional 6,104 shares in the last quarter. 37.88% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Tuesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 140.49%.

Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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