On a GAAP basis, net revenue for Macau-based Sands China fell by 25.6 percent from the year-prior period to US$1.77 billion in the second quarter of 2015. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $58.28. “Total GGR at LVS’s Macau properties declined 31.6 per cent year-on-year in 2Q15, which actually made LVS the top performing concessionaire in terms of overall growth for the 2Q15′”. Analysts had estimated $2.99 billion. For the week, the shares have seen a percentage change of 1.01%.A block trade of $(-2.26) million in net money flow was also recorded during the day.
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Earnings: Las Vegas Sands reported a diluted EPS of $0.60, which fell just short of the Zacks Consensus Estimate of $0.61. Total expenses were 76.40 percent of quarterly revenues, up from 73.47 percent for the same period past year.
Shares of the company closed at $54.96 on the New York Stock Exchange on Wednesday. It all depends on how long Las Vegas Sands (NYSE:LVS) takes to accomplish the transition.
Las Vegas Sands’ Mr Adelson cited cost controls and a focus on higher-margin, mass-market players in the Macau market as factors in EBITDA margin improvement. (NYSE:LVS) on strength during trading on Wednesday following a weaker than expected earnings announcement, MarketBeat reports. The stock’s 50-day moving average is $53.32 and its 200-day moving average is $54.57. The company has a market cap of $43.85 billion and a P/E ratio of 17.12.
Earnings per share: 59 cents, down 28.9 percent from the same quarter a year ago. The company plans to pay another 65 cents per share dividend in September. The Companys properties in the United States include The Venetian Resort Hotel Casino (The Venetian Las Vegas) and The Palazzo Resort Hotel Casino (The Palazzo), Five-Diamond luxury resorts on the Las Vegas Strip, as well as the Sands Expo and Convention Center (the Sands Expo Center) in Las Vegas, Nevada and the Sands Casino Resort Bethlehem (the Sands Bethlehem) in Bethlehem, Pennsylvania. This represents a $2.60 dividend on an annualized basis and a yield of 4.76%. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Las Vegas Sands Corp.in a research note on Tuesday, June 30th.
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The report, dated June 2010 and marked with a warning that it was not to be introduced to the mainland, was uncovered by the Investigative Reporting Program at the University of California, Berkeley. Las Vegas Sands (NYSE:LVS) is one of the companies that had it pretty bad in the past quarter and the ones before it. Investors are beginning to doubt the stock and consensus forecasts are falling. The Companys principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States.
