Las Vegas Sands (LVS) Scheduled to Post Earnings on Wednesday

Las Vegas Sands (NYSE:LVSGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, January 25th. Analysts expect Las Vegas Sands to post earnings of ($0.10) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Las Vegas Sands Trading Up 0.1 %

LVS traded up $0.08 during midday trading on Tuesday, hitting $55.47. The company’s stock had a trading volume of 4,329,215 shares, compared to its average volume of 5,084,900. The company has a current ratio of 1.83, a quick ratio of 1.82 and a debt-to-equity ratio of 3.64. The firm has a market cap of $42.39 billion, a P/E ratio of 22.64 and a beta of 1.12. The firm has a 50-day moving average price of $48.57 and a two-hundred day moving average price of $41.64. Las Vegas Sands has a 52-week low of $28.88 and a 52-week high of $55.90.

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Las Vegas Sands by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 35,537,902 shares of the casino operator’s stock valued at $1,381,358,000 after acquiring an additional 519,620 shares in the last quarter. State Street Corp raised its position in shares of Las Vegas Sands by 2.9% during the 1st quarter. State Street Corp now owns 13,898,679 shares of the casino operator’s stock valued at $540,242,000 after acquiring an additional 394,616 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Las Vegas Sands by 4.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,855,403 shares of the casino operator’s stock valued at $72,120,000 after acquiring an additional 81,250 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Las Vegas Sands by 233.1% during the 1st quarter. Prudential Financial Inc. now owns 984,120 shares of the casino operator’s stock valued at $38,253,000 after acquiring an additional 688,676 shares in the last quarter. Finally, Poplar Forest Capital LLC increased its position in Las Vegas Sands by 19.8% in the second quarter. Poplar Forest Capital LLC now owns 822,728 shares of the casino operator’s stock worth $27,635,000 after buying an additional 135,987 shares during the period. 39.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays lifted their price target on Las Vegas Sands from $57.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $44.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, November 28th. Wells Fargo & Company boosted their target price on Las Vegas Sands from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Jefferies Financial Group upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Monday, September 26th. Finally, CICC Research initiated coverage on Las Vegas Sands in a report on Thursday, November 24th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $52.30.

About Las Vegas Sands

(Get Rating)

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 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.

Further Reading

Earnings History for Las Vegas Sands (NYSE:LVS)

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