Sands China Ltd. Announces Opening Date for The Parisian Macao

The company’s revenue was down -9.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.

The comments helped spark a rally in casino stocks after the company reported its Macau unit Sands China Ltd. saw earnings before interest, taxes, depreciation and amortization fall 14 percent to USD487.7 million in the second quarter, missing analysts estimates.

Other Hedge Funds, Including, Hartford Investment Management Co boosted its stake in LVS in the latest quarter, The investment management firm added 1,064 additional shares and now holds a total of 10,221 shares of Las Vegas Sands Corp. which is valued at $483,658. The company has grown the dividend at a 30% compound annual rate since 2010 to an annual rate of $2.88 per share in 2016.

Marina Bay Sands in Singapore. (NYSE:LVS) to report earnings of about $0.56 per share on $2,756.23M in revenue. In the United States, the Company’s segments are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. Sales were $2.65 billion versus estimates of $2.76 billion.

Sands, the casino operator founded by Adelson, earned 52 cents a share in the second quarter, excluding some items, the Las Vegas-based company said in a statement. Adjusted EBITDA, which is a proxy for cash flow from operations, only fell 5.9% to $953.8 million.

While the court said there wasn’t substantial evidence to support the value of Round Square’s services amounted to $70 million, it declined to remit the damages award to Las Vegas Sands’ proposed $1 million. (NYSE:LVS) stock is now trading at about $50.62 and lots of rating firms seem to have a target price set on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Las Vegas Sands Corp.in a research note on Friday, April 1st. The stock traded in the price range of $47.57 – $48.50 for the last trading session. (NYSE:LVS) inclined 5.90% to $50.62. Over the past year, Las Vegas Sands’ net debt has grown from $7.0 billion to 8.0 billion, showing that the company is paying more than it’s making. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 12.22%.

Umansky rated the stock as outperform, citing its portfolio of hotel, retail and conference facilities as “key drivers” in continuing to attract recreational gamblers and tourists, according to the analyst.

The stock has recorded a 20-day Moving Average of 5.61% and the 50-Day Moving Average is 4.89%. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.84%, relative to the S&P 500. The stock’s institutional ownership stands at 40.30%.