FY2018 EPS Estimates for Las Vegas Sands Corp. Decreased by Gabelli (LVS)

Lloyd Doyle
November 15, 2017

Prudential Plc bought 110,377 shares as the company's stock declined 7.81% while stock markets rallied. Morgan Stanley upgraded shares of Las Vegas Sands Corp. from an "equal weight" rating to an "overweight" rating and set a $65.00 target price for the company in a research report on Monday, November 6th. Tokio Marine Asset Management owns 0.04% invested in Las Vegas Sands Corp. Andra AP fonden now owns 60,200 shares of the casino operator's stock valued at $3,862,000 after buying an additional 13,000 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Las Vegas Sands Corp.by 143.6% in the second quarter. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. Wedbush Securities Inc. grew its position in shares of Las Vegas Sands Corp.by 17.1% during the 3rd quarter. Convergence Inv Partners Limited Liability holds 0.26% of its portfolio in Las Vegas Sands Corp. AQR Capital Management LLC now owns 1,653,159 shares of the casino operator's stock worth $71,896,000 after buying an additional 1,336,611 shares during the period. Finally, Teachers Advisors LLC increased its position in Las Vegas Sands Corp.by 311.4% in the third quarter. 290.72 million shares or 1.52% less from 295.21 million shares in 2017Q1 were reported. Institutional investors and hedge funds own 39.51% of the company's stock. More interesting news about Las Vegas Sands Corp. (NYSE:LVS) traded up 0.20% during trading on Wednesday, reaching $56.10. The company has a market cap of $53,278.35, a price-to-earnings ratio of 24.25 and a beta of 1.78. (NYSE:LVS) were released by: Nasdaq.com and their article: "Las Vegas Sands Corp". Based on a recent bid, its distance from 20 days simple moving average is 4.90%, and its distance from 50 days simple moving average is 5.32% while it has a distance of 12.24% from the 200 days simple moving average.

According to Zacks brokerage recommendations, Las Vegas Sands Corp. The casino operator reported $0.77 EPS for the quarter, topping the consensus estimate of $0.67 by $0.10. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter past year, the company earned $0.72 EPS. The company's revenue for the quarter was up 7.7% compared to the same quarter past year.

Las Vegas Sands Corp.'s sales for the past 5 years rolls at 3.90%, exhibiting an EPS growth from quarter-to-quarter at 11.50%.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a dividend of $0.73 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.33%. (NYSE:LVS)'s Buy count is 1 and Strong Buy is 4 while the number of analysts recommending Sell and Strong Sell are 0 and 4, respectively. Goldman Sachs Group, Inc. Finally, Nomura increased their target price on shares of Las Vegas Sands Corp. from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Thursday, October 26th. Institutional ownership is usually beneficial to a stock price initially, but very high institutional ownership has several shortcomings.

Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $68.41. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best. The count of Hold ratings in that period was 0. As for whether to Buy, Sell or Hold at this point, sell-side firms covering company shares have a mean recommendation of 2.10 on the stock. Stifel Nicolaus reaffirmed a "buy" rating and issued a $70.00 price target (up from $66.00) on shares of Las Vegas Sands Corp.in a research note on Tuesday, July 18th.

In other Las Vegas Sands Corp. news, COO Robert G. Goldstein sold 169,111 shares of Las Vegas Sands Corp. stock in a transaction on Monday, November 28th. The shares were sold at an average price of $62.84, for a total transaction of $10,626,935.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. (NYSE:LVS). Aperio Gru Limited invested 0.04% in 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.

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