Wall Street analysts predict that Las Vegas Sands Corp. (NYSE:LVS) will report sales of $3.12 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Las Vegas Sands Corp.’s earnings, with the lowest sales estimate coming in at $3.06 billion and the highest estimate coming in at $3.16 billion. Las Vegas Sands Corp. posted sales of $2.97 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The business is expected to announce its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Las Vegas Sands Corp. will report full year sales of $3.12 billion for the current fiscal year, with estimates ranging from $12.35 billion to $12.75 billion. For the next fiscal year, analysts anticipate that the company will post sales of $12.85 billion per share, with estimates ranging from $12.44 billion to $13.41 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Las Vegas Sands Corp..

Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis.

LVS has been the subject of a number of research analyst reports. Telsey Advisory Group raised their price objective on Las Vegas Sands Corp. from $58.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, April 27th. Vetr upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 price objective for the company in a research report on Wednesday, May 31st. Morgan Stanley restated an “equal weight” rating and set a $62.00 price objective (up previously from $58.00) on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Wells Fargo & Company restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, April 19th. Finally, UBS Group AG restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $62.65.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Las Vegas Sands Corp. by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,712,172 shares of the casino operator’s stock valued at $1,124,974,000 after buying an additional 755,714 shares during the last quarter. BlackRock Inc. increased its stake in shares of Las Vegas Sands Corp. by 2.3% in the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after buying an additional 365,566 shares during the last quarter. State Street Corp increased its stake in shares of Las Vegas Sands Corp. by 4.7% in the first quarter. State Street Corp now owns 8,023,114 shares of the casino operator’s stock valued at $457,878,000 after buying an additional 360,249 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Las Vegas Sands Corp. by 40.8% in the second quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock valued at $415,720,000 after buying an additional 1,886,376 shares during the last quarter. Finally, Thornburg Investment Management Inc. increased its stake in shares of Las Vegas Sands Corp. by 39.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock valued at $238,955,000 after buying an additional 1,174,688 shares during the last quarter. 38.27% of the stock is owned by institutional investors and hedge funds.

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Las Vegas Sands Corp. (NYSE:LVS) opened at 60.16 on Friday. The company’s 50-day moving average price is $62.21 and its 200 day moving average price is $58.26. The stock has a market capitalization of $47.65 billion, a PE ratio of 23.41 and a beta of 1.81. Las Vegas Sands Corp. has a 52-week low of $49.89 and a 52-week high of $66.22.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.85%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s payout ratio is currently 113.18%.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature 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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Earnings History and Estimates for Las Vegas Sands Corp. (NYSE:LVS)

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