Las Vegas Sands http://so-l.ru/tags/show/las_vegas_sands Thu, 16 Aug 2018 14:54:42 +0300 <![CDATA[Las Vegas Sands goes ex-dividend tomorrow]]> http://so-l.ru/news/y/2018_03_20_las_vegas_sands_goes_ex_dividend_tomorro Mon, 18 Jun 2018 16:38:49 +0300 <![CDATA[Las Vegas Sands' Revenue Diversification Helps, Debt Hurts]]> Las Vegas Sands Corp. LVS is known for continual investment in new capital projects in Macao and Las Vegas. Also, solid expansion strategies of the company are encouraging. However, stiff competition and greater dependence on debt financing remain concerns.

The company’s scale and diversity of gaming and non-gaming services, across Macao and Singapore operations primarily drove better-than-expected results in fourth-quarter 2017.

Notably, shares of Las Vegas Sands have gained 25.8% in the past year, outperforming its industry’s growth of 21.9%. An upward estimate revision of 0.6% for earnings in the current year, over the last 60 days, also reflects analysts’ optimism.

Given the ongoing recovery of gaming revenues in Macao and continued improvement in the Las Vegas business, the stock is expected to perform well in the quarters ahead.


Continued Expansion & Revenue-Diversification Efforts Bode Well

Low unemployment levels, a slight uptick in consumer discretionary spending and the growth of tourism industry have been favorable for Las Vegas Sands. In order to rake in profits, the company is continuously expanding through planned investments in new capital projects.

Moreover, Las Vegas Sands is consistently trying to diversify its revenue sources. The company remains focused on a convention-based Integrated Resort business model that helps in generating the most diversified set of cash flows and profit from non-gaming segments. Also, in collaboration with Madison Square Garden, Live Nation Entertainment LYV and Oak View Group, Las Vegas Sands plans to create a large-scale music and entertainment venue in Las Vegas, for concerts and events.

We believe that this continued expansion and focus on non-gaming segment will continue to attract greater number of customers, and help the company generate more sales. Also, due to the diversification in revenue stream, EBITDA margins have been improving consistently as non-gaming segments carry higher margins. On a consolidated basis, adjusted property EBITDA was up 19.7% year over year to $1.34 billion in the fourth quarter on robust operating momentum in Macao operations.

Stiff Competition & Debt Burden are Headwinds

Growth in the tourism industry and increased demand have made Las Vegas and Macao markets highly competitive. Excess supply in these markets might reduce Las Vegas Sands’ market share and thereby hurt its revenues. The company is constantly facing peer pressure from several Chinese casino operators, and other U.S.-based companies including Wynn Resorts WYNN and MGM Resorts International MGM.

Meanwhile, Las Vegas Sands’ heavy reliance on debt financing remains a concern. As of Dec 31, 2017, unrestricted cash balance was $2.4 billion, up from $2 billion as of Sep 30, 2017. However, total debt outstanding, including the current portion and net of deferred financing costs, along with original issue discount, was as high as $9.64 billion and increased $0.02 billion sequentially in the fourth quarter of 2017.

Owing to higher debt burden, the company may fail to finance its upcoming projects. Moreover, any downturn in the macroeconomic and credit market conditions would make it difficult for the company to pay or refinance its debt, going ahead.

Zacks Rank

Las Vegas Sands carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
 
MGM Resorts International (MGM): Free Stock Analysis Report
 
Live Nation Entertainment, Inc. (LYV): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_04_02_las_vegas_sands_revenue_diversification Mon, 02 Apr 2018 21:56:00 +0300
<![CDATA['Distinctly Positioned' Las Vegas Sands Is Morgan Stanley's Top Gaming Pick]]> 'Distinctly Positioned' Las Vegas Sands Is Morgan Stanley's Top Gaming PickLas Vegas Sands Corp. (NYSE: LVS ) is Morgan Stanley’s new top pick in the gaming sector. Earlier this week, Morgan Stanley raised the price target on Overweight-rated  MGM Resorts International (NYSE: ...


]]> http://so-l.ru/news/y/2018_03_31_distinctly_positioned_las_vegas_sands Sat, 31 Mar 2018 15:55:16 +0300 <![CDATA[Japan Casino Law Picks Up Steam: Las Vegas Sands, Leading Candidate, Could Get Knock On Effect Very Soon]]> http://so-l.ru/news/y/2018_03_29_japan_casino_law_picks_up_steam_las_veg Thu, 29 Mar 2018 07:57:15 +0300 <![CDATA[Royal Caribbean Banks on Profitability Efforts, Costs Mount]]> Royal Caribbean Cruises Ltd. RCL is investing heavily in capacity expansion and fleet modernization with a view to enhance guest experience, catering to changing demand for cruise vacations across the world.

The company posted strong fourth-quarter 2017 results, beating the Zacks Consensus Estimate for earnings by 11.7% and the same for revenues, by 1%. While the bottom line grew 8.9% year over year, the top line rose 4.9%.

Royal Caribbean has had an impressive run on the bourse over a year’s time. Shares have rallied 21.9%, significantly outperforming the industry’s gain of 14.7%.

 

Double-Double Achieved

Royal Caribbean launched a profitability initiative called Double-Double program in 2014. The project aimed at doubling the company’s 2014 earnings per share by 2017, thus bringing its return on invested capital (ROIC) to double-digit percentages and bettering revenue yields plus adopting cost-control measures as well as moderating capacity growth. Management notes that the company has achieved its preset targets in 2017 and reported EPS of $7.53 with the ROIC having risen to above 10%. On a further positive note, the company expects 2018 to be another great year of double-digit EPS growth.

Royal Caribbean Cruises Ltd. Net Income (TTM)

 

20/20 On the Way

Royal Caribbean also has a multi-year program named 20/20 Vision in place, leveraging the culture and discipline instilled by Double-Double while also gearing up for a broader set of goals. The program serves as a guiding light to the organization and builds on its proven formula for success of delivering modest yield and capacity growth plus a strong cost control combined with efforts to enhance customer advocacy and employee engagement.

Under this program, the company strives to improve its already excellent guest satisfaction and employee engagement while at the same time, delivering its environmental commitments. These operational drivers are expected to further improve the company’s double-digit return profile and boost double-digit earnings per share by the end of 2020.

Royal Caribbean’s recent announcement of multibillion-dollar investments in a couple of new programs namely Perfect Day Island Collection and Royal Amplified, seem integral to the 20/20 vision.

Perfect Day Island Collection focuses on the company’s private island destinations internationally. The first edition of collection will feature Royal Caribbean’s private island in the Bahamas, CocoCay, which the company is likely to upgrade by splurging $200 million. The company will announce additional destinations of this collection in Australia, Asia and the Caribbean at a later date.

Under the Royal Amplified, the company aims to pump $900 million into modernization of 10 ships over a span of four years.

Higher Costs Remain a Hurdle

Such investments will help Royal Caribbean shift its deployment toward Asia, Australia and certain areas of Europe to curtail capacity in regions with geopolitical risks. This move is likely to improve yields. However, costs might escalate.

The company does not expect expenditures to offer a noteworthy prospective benefit until 2019 or 2020. In fact, it anticipates net cruise costs, excluding fuel, to be up about 1.5-2% year over year in 2018.

Zacks Rank & Key Picks

Royal Caribbean has a Zacks Rank #3 (Hold). Some better-ranked stocks in the Consumer Discretionary sector are Wynn Resorts WYNN, Las Vegas Sands LVS and Caesars Entertainment CZR, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Wynn Resorts, Las Vegas Sands and Caesars Entertainment earnings in 2018 are expected to improve 43.2%, 10.2% and 117.5%, respectively.

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Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
 
Caesars Entertainment Corporation (CZR): Free Stock Analysis Report
 
Royal Caribbean Cruises Ltd. (RCL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_23_royal_caribbean_banks_on_profitability_e Fri, 23 Mar 2018 17:30:00 +0300
<![CDATA[The Largest Company in Every State by Revenue]]> The Largest Company in Every State by Revenue

The Largest Company in Every State by Revenue

Pretty much every state has at least one workhorse company that posts a revenue number in the billions.

In a state like California or Texas, these companies tend to be gargantuan in size even from a national or international perspective. Apple ($216 billion) and ExxonMobil ($226 billion) are two prime examples, and they are obviously giant companies by almost any measure.

In other states, the largest company by revenue may fly more under the radar, or be known only on a regional basis. Sometimes these are actually the most interesting types of companies to learn more about.

What’s the largest company in every state?

Today’s infographic comes to us from HowMuch.net and it shows the largest company in every state by revenue, based on 2017 data.

To start, here’s a list of the top 10 companies, and their respective states:

RankCompanyStateRevenue
#1WalmartArkansas$486 billion
#2ExxonMobilTexas$226 billion
#3Berkshire HathawayNebraska$224 billion
#4AppleCalifornia$216 billion
#5UnitedHealth GroupMinnesota$185 billion
#6CVS HealthRhode Island$178 billion
#7GMMichigan$166 billion
#8AmerisourceBergenPennsylvania$147 billion
#9AmazonWashington$136 billion
#10VerizonNew York$126 billion

Walmart, which is also the top private employer in many states, had a whopping $486 billion of revenue. That’s more than double the amount done by each of the next few giant companies, including ExxonMobil, Berkshire Hathaway, and Apple.

While most of the “big” states like California, New York, and Texas are represented in the top 10, it’s worth noting that Arkansas (Walmart), Rhode Island (CVS), Minnesota (UnitedHealth Group), and Nebraska (Berkshire Hathaway) are outliers in that context.

Further, some of the country’s most populous and economically successful states don’t have a company on the top 10 list. Florida’s top company (Publix) brings in $34 billion per year, and the largest company in Illinois (Walgreens Boots Alliance) posted $117 billion – which puts it just off the list.

Ohio and New Jersey are two other big name states that also don’t appear there.

Under the Radar

Well-known companies and states aside, some of the most interesting companies on the list are the ones that are lesser known.

Sanderson Farms, for example, brings in $3 billion of revenue to make it the largest company by revenue in Mississippi. It’s the only Fortune 1000 company in the state, and it’s also the third largest poultry producer in the United States. Each week, Sanderson Farms produces 9.375 million chickens.

In Florida, Publix is a big deal. It’s a supermarket chain with over 1,000 stores (mostly in Florida and Georgia), and it brings in $34 billion of revenue per year. Interestingly, Publix is considered the largest employee-owned company in the world.

Appropriately, Nevada’s largest company by revenue is Las Vegas Sands – the company that owns The Venetian and The Palazzo on the Vegas strip. It also has properties in Macau, China, Singapore, and Pennsylvania.

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]]>
http://so-l.ru/news/y/2018_03_22_the_largest_company_in_every_state_by_re Thu, 22 Mar 2018 00:20:08 +0300
<![CDATA[Carnival Corporation's (CCL) Q1 Earnings: What's in Store?]]> Carnival Corporation CCL is slated to release fiscal first-quarter 2018 results on Mar 22, before market opens.

In the to-be-reported quarter, the company’s revenues are expected to be driven by strength across its Passenger Tickets business, and Onboard and Other segments. Higher revenues and revenue yields are likely to boost earnings as well.

Notably, shares of Carnival have rallied 2.2% in the past three months, outperforming the industry’s gain of 1.7%.

Here are the expectations in detail.

Passenger Tickets & Onboard and Other Segments to Grow

Carnival generates revenues from its Passenger Tickets business, Onboard and Other as well as Tour and Other segments.

Passenger Tickets revenues are expected to increase year over year driven by price improvements in Carnival’s European, Caribbean and Alaska programs. The Zacks Consensus Estimate for revenues is pegged at $3.04 billion, reflecting a year-over-year increase of 8.3%. In the fourth quarter, passenger tickets revenues improved 9% year over year.

Onboard and Other revenueswill carry on the momentum of the fourth quarter (up 7.1% year over year) and is anticipated to record improvement in the quarter to be reported. Growth is expected to be driven by higher onboard spending by guests and capacity rise in available lower berth days (ALBD). The Zacks Consensus Estimate for the segment’s revenues is pegged at $1.05 billion, reflecting a year-over-year increase of 7.3%.

Tour and Other revenues are expected to decline due to weak performance of Holland America Princess Alaska Tours — the tour company that Carnival owns and operates. The Zacks Consensus Estimate is pegged at $8.40 million, reflecting a year-over-year decrease of 6.7%. Revenues from this segment decreased 14.6% year over year in the fourth quarter.

Notably, the Zacks Consensus Estimate for revenues is currently pegged at $4.11 billion, reflecting an increase of 8.4%.

Carnival Corporation Revenue (TTM)

Net Revenue Yields to Benefit From Higher Net Ticket, Net On-board and Other Yields

While ticket yields are likely to be driven by the Carnival’s deployment of North American brands in Caribbean, Europe and Alaska, net on-board and other yields will see strengths on both sides of the Atlantic.

The Zacks Consensus Estimate for net revenue yields is pegged at $163 million, reflecting a year-over-year increase of 5.8%. This metric increased 4.2% year over year in the fourth quarter.

Occupancy Percentage to be Driven by Improved Guest Experiences

Occupancy Percentageis anticipated to stay flat on year-over-year basis, with strong bookings for Alaska and European programs being offset by weak booking patterns for the Caribbean program. The Zacks Consensus Estimate is pegged at 105%. This metric stayed more or less flat year over year in the fourth quarter as well.

EPS Growth is Likely to be Revenue Driven

The Zacks Consensus Estimate for EPS is pegged at 43 cents, reflecting year-over-year increase by 13.2%. The improvement is expected to be driven primarily by higher revenues and increase in net ticket, and on-board and other yields.  Lower net cruise costs, excluding fuel, fuel consumption and depreciation expenses, might also contribute to the improvement.

 In the fourth quarter, the company’s adjusted earnings per share were down 6.3% year over year.

Our Model Suggests a Beat

According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Carnival has a Zacks Rank #3 and an Earnings ESP of +0.88%, a combination that increases the odds of an earnings beat.

Key Picks

Here are some companies from the Consumer Discretionary sector that investors may consider, as our model shows that they have the right combination of elements to post an earnings beat this quarter:

Acushnet Holdings GOLF has an Earnings ESP of +2.27% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Wynn Resorts, Limited WYNN has an Earnings ESP of +8.52% and a Zacks Rank #2.

Las Vegas Sands LVS has an Earnings ESP of +0.40% and a Zacks Rank of 2.

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Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
 
Acushnet Holdings Corp. (GOLF): Free Stock Analysis Report
 
Carnival Corporation (CCL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_21_carnival_corporation_s_ccl_q1_earnings Wed, 21 Mar 2018 16:53:00 +0300
<![CDATA[How Will Carnival's (CCL) Top Line Shape Up in Q1 Earnings?]]> Carnival Corporation CCL is slated to release fiscal first-quarter 2018 results on Mar 22, before market opens.

In the to-be-reported quarter, Carnival’s Passenger Tickets business, and Onboard and Other segment are expected to perform impressively on a year-over-year basis. However, the Tour and Other segment is likely to remain weak.

Notably, shares of Carnival have rallied 1.9% in the past three months, slightly outperforming the industry’s gain of 1.5%.

Let’s see how the company’s segments are integrating to give shape to its top line.

Passenger Tickets

Segment revenues are expected to increase year over year driven by price improvements in Carnival’s European, Caribbean and Alaska programs. The Zacks Consensus Estimate for revenues is pegged at $3.04 billion, reflecting a year-over-year increase of 8.3%. In the fourth quarter, passenger tickets revenues improved 9% year over year.

Onboard and Other

Carrying on the momentum of the fourth quarter (up 7.1% year over year), the segment is expected to record improvement in the quarter to be reported. Growth is expected to be driven by higher onboard spending by guests and capacity rise in available lower berth days (ALBD).

The Zacks Consensus Estimate for revenues is pegged at $1.04 billion, reflecting a year-over-year increase of 7.3%.

Tour and Other Revenues

Revenues are expected to decline due to weak performance of Holland America Princess Alaska Tours — the tour company that Carnival owns and operates. The Zacks Consensus Estimate is pegged at $8.40 million, reflecting a year-over-year decrease of 6.7%. Revenues from this segment decreased 14.6% year over year in the fourth quarter.

Notably, the Zacks Consensus Estimate for total revenues is pegged at $4.11 billion, representing a year over year increase of 8.4%.

Carnival Corporation Revenue (TTM)

Zacks Rank and Key Picks

Carnival carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Zacks Consumer Discretionary sector include International Speedway Motorsports TRK, Wynn Resorts, Limited WYNN and Las Vegas Sands Corp. LVS, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Speedway Motorsports, Wynn Resorts and Las Vegas Sands earnings in 2018 are expected to increase 35.2%, 43.2% and 10.2%, respectively.

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Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
 
Carnival Corporation (CCL): Free Stock Analysis Report
 
Speedway Motorsports, Inc. (TRK): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_20_how_will_carnival_s_ccl_top_line_shape Tue, 20 Mar 2018 17:56:00 +0300
<![CDATA[5 Reasons to Bet on Las Vegas Sands (LVS) Stock Right Now]]> 5 Reasons to Bet on Las Vegas Sands (LVS) Stock Right NowLas Vegas Sands (LVS) benefits from a favorable industry environment and diversified business in the non-gaming sectors.


]]> http://so-l.ru/news/y/2018_03_19_yahoo_finance_5_reasons_to_be Mon, 19 Mar 2018 18:38:03 +0300 <![CDATA[5 Reasons to Bet on Las Vegas Sands (LVS) Stock Right Now]]> A wise investment decision involves buying well-performing stocks at the right time while selling those that are at risk. A rise in share price and strong fundamentals signal a stock’s bullish run.

Las Vegas Sands Corp. LVS has performed extremely well so far this year and possesses a great potential to carry the momentum forward. Therefore, if you have not taken advantage of the share price appreciation yet, it’s time you add this gaming stock to your portfolio.

Let’s check out why Las Vegas Sands is an attractive pick right now.

Impressive Run on the Bourse

A glimpse of the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months. Las Vegas Sands returned 30.9%, which compared favorably with the S&P 500’s gain of 16.3%.

Favorable Zacks Rank and Style Scores

Las Vegas Sands carries a Zacks Rank #2 (Buy), Growth Score of A and Value Score of B. Our Growth Style Score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth.

 

Socks with Growth Scores of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 offer the best investment opportunities in the growth investing space.

Meanwhile, the Zacks Momentum Style Score indicates when the timing is right to grab a stock and make the most of its momentum. Back-tested results show that stocks with Momentum Scores of A or B, when combined with a Zacks Rank #1 or 2 handily outperform others.

Northward Estimate Revisions

Eight estimates for the current year moved north over the past 60 days versus no southward revisions, showcasing analysts’ confidence in the company. Over the same period, the Zacks Consensus Estimate for 2018 climbed 8.8% to $3.35 which reflects year-over-year growth of 10.2%. For 2019, earnings are expected to register 7.7% growth.

Positive Earnings Surprise History

Las Vegas Sands has an impressive earnings surprise history. The company surpassed the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 13.8%.

Las Vegas Sands Corp. Price and EPS Surprise

 

Growth Drivers

Las Vegas Sands has a strong portfolio, solid business model, extensive non-gaming revenue opportunities, high quality assets and attractive property locations. The strong portfolio has significantly aided the company in withstanding the economic downturn in China thus protecting its Macao operations. Moreover, some entertainment offerings in the pipeline are expected to deliver increased profitability across the company’s properties.

Additionally, the company remains focused on a convention-based Integrated Resort business model. Notably, this model helps in generating the most diversified set of cash flows and profit from non-gaming segments, besides bringing unsurpassed economic and diversification benefits to the regions in which it operates. In fact, non-gaming revenues have relatively improved over the past few quarters.

The company is also concentrating on renovation and promotion of its Las Vegas properties in order to drive segmental performance. The Las Vegas Strip has been recording high occupancy rates over the past year. The improvement in employment rate and rise in tourism numbers has been boosting demand at the company’s properties in the region.

Other Stocks to Consider

Some other top-ranked stocks in the same space are Wynn Resorts, Limited WYNN, Churchill Downs, Incorporated CHDN and Monarch Casino & Resort MCRI, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Wynn Resorts, Churchill Downs and Monarch Casino & Resort earnings in 2018 are expected to increase 43.2%, 93.5% and 26.5%, respectively.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
 
Monarch Casino & Resort, Inc. (MCRI): Free Stock Analysis Report
 
Churchill Downs, Incorporated (CHDN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_19_5_reasons_to_bet_on_las_vegas_sands_lvs Mon, 19 Mar 2018 18:38:00 +0300
<![CDATA[Royal Caribbean Announces Massive Investment, Eyes Gen Y]]> Royal Caribbean Cruises Ltd. RCL subsidiary Royal Caribbean International recently announced that it is making multibillion-dollar investments in two new programs, Perfect Day Island Collection and Royal Amplified, to improve guest experience.

Notably, in a year’s time, shares of Royal Caribbean have rallied 27.3%, outperforming the industry’s growth of 15.7%.

Perfect Day Collection to Focus on Private Islands Across the World

The project focuses on the company’s private island destinations internationally. The first edition of collection will be Royal Caribbean’s private island in the Bahamas, CocoCay, which the company is likely to upgrade spending $200 million.

The upgrades will include a water park that will have two water towers with 13 slides, a 135-foot tall water slide, a wave pool, an obstacle course pool, a freshwater pool, a 1,600-foot zip line, a 450 feet helium balloon ride, two especially designed beaches and a beach club. Most of the facilities will open by spring 2019.

The company will announce additional destinations of this collection in Australia, Asia and the Caribbean at a later date.

Royal Caribbean Cruises Ltd. Revenue (TTM)

Royal Amplified to Focus on Fleet Modernization

The company plans to invest $900 million in this fleet modernization program that will cover 10 ships in a span of four years. The initiative will involve adding new outside decks, pools, Sky Pad — a virtual reality bungee trampoline, waterslides and water parks to Royal ships. It will also add new restaurants, and dinning and nightlife concepts.

Short Caribbean Getaways

In sync with growing demand for quick getaways among millennials, the company will add shorter three- and four-night getaways. Mariner of the Seas will undergo a $90 million modernization and sail 3- and 4-night cruises from Miami, FL.

Massive Capacity Expansion

Given the consistent increase in bookings, the company is increasing its capacity. Notably, the upcoming fleet launches include Symphony of the Seas in April 2018, Quantum Ultra Class Spectrum of the Seas in 2019, second Quantum Ultra Class ship in 2020 and a fifth Oasis Class ship to launch in 2021. Ships from a new class called Icon, will be delivered in 2022 and 2024.

Moves Aimed at Meeting Escalating Demand for Cruise Vacations

We believe that Royal Caribbean’s latest moves are part of the company’s plan to expand its capacity and enhance guest experience over time, thus allowing its global fleet to meet changing demand for cruise vacations across the world. In fact, launching ships is part of the company’s long-term strategy to build state-of-the-art vessels that are expected to help in providing guests with a remarkable vacation experience at an exceptional value.

Zacks Rank and Key Picks

Royal Caribbean has a Zacks Rank #3 (Hold). Some better-ranked stocks in the Zacks Consumer Discretionary sector are Churchill Downs, Incorporated CHDN, Las Vegas Sands Corp. LVS, and Monarch Casino & Resort MCRI, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Churchill Downs, Las Vegas Sands and Monarch Casino & Resort earnings in 2018 are expected to improve 93.5%, 9.8% and 5%, respectively.

The Hottest Tech Mega-Trend of All

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See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Monarch Casino & Resort, Inc. (MCRI): Free Stock Analysis Report
 
Churchill Downs, Incorporated (CHDN): Free Stock Analysis Report
 
Royal Caribbean Cruises Ltd. (RCL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_17_royal_caribbean_announces_massive_invest Sat, 17 Mar 2018 01:54:00 +0300
<![CDATA[3 Casino Stocks to Buy Now]]> Perhaps it is because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it is because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it is clear that gambling stocks are always among the most popular on Wall Street.

Luckily for investors, now is also a great time to be buying gambling stocks, as continued domestic strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. In fact, according to our Zacks Industry Rank data, the overall “Gaming” industry has gained more than 36.5% in the past year, outpacing the S&P 500’s respectable 18.3% gain.

With casino stocks this hot right now, investors are not going to want to miss out. Luckily, we can use Zacks’ proven stock-picking methods to find solid stocks in any industry. Check out these casino stocks today:

1. Las Vegas Sands Corp. LVS

With properties like the Venetian and the Parisian, Las Vegas Sands is the epitome of luxury and style in the casino industry. LVS is currently sporting a Zacks Rank #2 (Buy) and holds an “A” grade for Growth in our Style Scores system. Our current consensus estimates are calling for EPS growth of 10% this fiscal year and an additional 8% next year.

Las Vegas Sands is also generating cash flow growth of 21% right now. The firm is now bringing in about $4.63 in cash per share, more than quadrupling its industry’s average. LVS also boasts a better-than-average net margin of 22% and RoE 34%. Finally, management is currently offering a dividend yield of about 4%.

 

2. Eldorado Resorts, Inc. (ERI)

Eldorado Resorts provides casino and entertainment services primarily in Nevada and Louisiana. The company is known for its Isle of Capri and Lady Luck properties, among others. ERI is currently sporting a Zacks Rank #1 (Strong Buy), and the stocks holds an “A” grade in our Growth category.

Eldorado has been soaring since its latest earnings report, and now our attention is focused on the company’s fiscal 2018 outlook. The company has witnessed strong earnings estimate revision activity for the year, sending its Zacks Consensus Estimate about 32 cents higher over the past 60 days. Eldorado is also expected to see its revenues grow by about 28% in the year.

 

3. Caesars Entertainment Corporation (CZR)

Caesars Entertainment is a gaming company engaged in providing casino entertainment services. Its resorts operate primarily under the Harrah's, Caesars, and Horseshoe brand names. The company is based in Las Vegas, but its properties stretch throughout North America and abroad.

CZR is currently holding a Zacks Rank #2 (Buy). Year-over-year comparisons continue to be tough for Caesars, but the company did benefit from a $2 billion windfall from tax reform, and the stock has finally been moving higher over the past year.

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

Can Hackers Put Money INTO Your Portfolio?

Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.

Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.

Download the new report now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Caesars Entertainment Corporation (CZR): Free Stock Analysis Report
 
Eldorado Resorts, Inc. (ERI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_15_3_casino_stocks_to_buy_now Thu, 15 Mar 2018 20:35:00 +0300
<![CDATA[Gaming Industry to Sustain Stellar Show in 2018: 4 Solid Buys]]> The casino gaming industry has been experiencing stellar growth since the second half of 2016. The bullish trend is expected to continue through 2018 and beyond. According to Research and Markets, the global casino gaming market is anticipated to witness CAGR of 10.16% in the 2017-2021 period. Technavio estimates that the U.S. casino gaming market will witness CAGR of close to 5% from 2017 to 2021.

Recent numbers published by The Macau Gaming Inspection and Coordination Bureau are also encouraging. In February 2018, gross gaming revenues increased 5.7% year over year to roughly $3 billion or 24.3 billion patacas. This marked the 19th month of consecutive gains and the third highest in the past year.

Although Nevada’s casino gaming win dropped by 2.1% in January, it crossed the $1 billion mark. Notably, it was the first time in the past 12 months that revenues were in excess of $1 billion.

Despite the fact that demand in the space is relatively inelastic and a fixed range of consumers will continue to demand services irrespective of market conditions, there are good reasons why growth should persist over the next few years.

Improving Tourism Dynamics

Destinations like Las Vegas and Macau are gambling hotspots. The popularity of entertainment and gambling, in both hotels and casinos, has in fact aided these cities form a tourism economy unlike any other place on earth.

The Chinese government is considering measures to support all aspects of Macau’s economy and introduce favorable policies. These are expected to improve visitation pattern and boost tourism and traffic in the region. One such move is the approval of Macau’s maritime expansion plans that are expected to aid shipping and tourism and mainland Chinese cities to offer multi-entry permits. Per the Macao Government Tourism Office (MGTO), total visitations to Macau in 2017 increased 5.4% from 2016.

Though tourism in Las Vegas has not yet reached pre-recession levels, it is on its way to recovery. Per the year-end report from the Las Vegas Convention and Visitors Authority, total visitors were down 1.7% year over year in 2017. However, convention attendance increased.

Governments Reducing Restrictions

Given the prospects of taxes (as high as 25%) on earnings and the fact that the gaming industry employs a large number of people, governments across the world are moving to reduce restrictions on gambling.

In Nevada, the government has been lowering restrictions. Also, there is a new bill that could lower the legal gambling age limit from 21 to 18 years. In few states, for games such as bets on horse racing in Arkansas, Delaware, Florida, Indiana, Louisiana, Maine, New Mexico, Ohio, Pennsylvania and Washington, the legal age is already 18 years.

Gambling remains illegal in Brazil and Japan but governments in both these countries are growing more receptive to the idea, which is a positive development for the industry.

Tribal casinos in Alaska, Idaho, Minnesota and Wyoming are also legal for 18-year olds. Although the age group is not likely to have a lot of extra cash, this could expose them to gambling at an earlier age thereby increasing potential revenues for the industry in the future.

Having More Money to Spend

Per numbers provided by the U.S. Bureau of Economic Analysis (BEA), real disposable income rose through 2017. While it peaked in June and dropped thereafter owing to the impact of hurricanes Harvey and Irma, it has risen again and remains much higher than it was a year ago.

Latest estimates from BEA suggest that personal income was up $64.7 billion (0.4 %) in January. Disposable personal income (DPI) rose $134.8 billion (0.9%) and personal consumption expenditures (PCE) was up $31.2 billion (0.2%). This is a positive for the gaming market as it indicates that people have more money to spend on leisure.

The Japan Expansion

Japan is likely to hold the key for casino companies in 2018. The country is expected to approve two more gaming licenses in the year. Estimates indicate that Japan’s market could be worth $40 billion. Major casino players have made Japan their top priority for 2018, with Las Vegas Sands Corp. LVS coming up with an outlay of around $10 billion for building a single resort.

4 Stocks to Bet On

With the help of the Zacks Stock Screener, we have zeroed in on four promising stocks in the gaming industry that have a Zacks Rank #1 (Strong Buy)  or Zacks Rank #2 (Buy) and have solid expected earnings growth rate for 2018 as well as 2019.

Eldorado Resorts, Inc ERI)

Eldorado Resorts provides casino and entertainment services, primarily in Nevada and Louisiana.

The company carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

In the last 60 days, earnings estimates increased 19.9% for 2018 and 24.6% for 2019. The bottom line is projected to grow 19200% and 18.3% in 2018 and 2019, respectively.

Eldorado Resorts, Inc. Price

Wynn Resorts Limited WYNN)

Wynn Resorts develops, owns, and operates destination casino resorts. The company carries a Zacks Rank #2.

In the last 60 days, the Zacks Consensus Estimate moved up 16.2% for 2018 and 24.6% for 2019. Earnings are projected to grow 42.1% and 20.2%, respectively, in 2018 and 2019.

Wynn Resorts, Limited Price

Churchill Downs Incorporated CHDN

Churchill Downs operates as a racing, gaming, and online entertainment company in the United States.

Churchill Downs carries a Zacks Rank of 2. In the last 60 days, the company’s EPS estimate climbed 11.4% for 2018 and 14.3% for 2019. The bottom line is anticipated to grow 93.5% and 15.7% in 2018 and 2019, respectively.

Churchill Downs, Incorporated Price

Las Vegas Sands Corp.

Based in Las Vegas, NV, Las Vegas Sands is a leading international developer of multi-use integrated resorts primarily operating in the United States and Asia.

Las Vegas Sands carries a Zacks Rank #2. In the last 60 days, the company’s earnings estimates have moved up 9.5% for 2018 and 13.6% for 2019. Earnings are projected to increase 9.9% and 7.8% in 2018 and 2019, respectively.

Can Hackers Put Money INTO Your Portfolio?

Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.

Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.

Download the new report now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
 
Churchill Downs, Incorporated (CHDN): Free Stock Analysis Report
 
Eldorado Resorts, Inc. (ERI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_15_gaming_industry_to_sustain_stellar_show Thu, 15 Mar 2018 17:14:00 +0300
<![CDATA[Why Las Vegas Sands, Wynn Resorts, and Rent-A-Center Jumped Today]]> Why Las Vegas Sands, Wynn Resorts, and Rent-A-Center Jumped TodayFind out why two casino stocks gained for different reasons.


]]> http://so-l.ru/news/y/2018_03_09_why_las_vegas_sands_wynn_resorts_and_r Fri, 09 Mar 2018 00:32:00 +0300 <![CDATA[Las Vegas Sands unloads Sands Bethlehem for $1.3B]]> http://so-l.ru/news/y/2018_03_08_las_vegas_sands_unloads_sands_bethlehem Thu, 08 Mar 2018 17:20:11 +0300 <![CDATA[5 Reasons to Invest in Hilton Worldwide (HLT) Stock Now]]> Hilton Worldwide Holdings Inc. HLT is currently one of the top-performing stocks in the hotel space. This is quite evident from the company’s share price movement and strong fundamentals.

Therefore, if you haven’t taken advantage of the share price appreciation yet, it’s time you add the stock to your portfolio.

Why an Attractive Pick?

Price Performance: A look at Hilton’s price trend reveals that the stock has witnessed an impressive run on the bourse last year. The company has returned 40.2%, massively outperforming the S&P 500’s gain of 15.4%.

 

The price surge was owing to investor’s optimism surrounding the stock, given that Hilton’s scale, size, commercial platform, industry-leading brands and solid loyalty program continue to drive growth. In fact, it is also considered to be one of the fastest growing global hospitality company (on an organic basis), with presence in 105 countries and territories.

Also, Hilton continues to make immense progress in its luxury development strategy, anticipating double-digit luxury growth for the next several years. Additionally, the company’s new brands — Home2 Suites, Tru by Hilton, Tapestry Collection — are gaining momentum globally.

Furthermore, the company has created one of the largest loyalty programs, Hilton Honors. With about 71 million members, this network has created an extremely valuable asset for the Hilton. In fact, about 57% of all occupancy per night takes place through this member program.

In the meantime, innovations such as the Hilton Honors app continue to drive growth of the program. Apart from being the company’s fastest growing and lowest cost distribution channel, this app offers a differentiated customer experience. We believe that large market share gains lie ahead for Hilton, given encouraging demand for hotels in the United States.

Solid Rank & Momentum Score: Hilton carries a Zacks Rank #2 (Buy). Also, the company has outperformed the industry in the 52-week time frame, leading to a Momentum Score of A. Thus, indicating that the stock has robust fundamentals to outperform in the near term.

Northward Estimate Revisions: Nine estimates for 2018 moved north in the past 60 days versus no southward revisions, reflecting analysts’ confidence in the company. Over the same period, the Zacks Consensus Estimate for the current year climbed 15.9%.

We believe Hilton’s capital-light business model will continue to drive market share, units, free cash flow as well as maintain the company's strong balance sheet and accelerating earnings and return of capital.

In fact, Hilton transformed into a capital-light operating business backed by the spin-offs of a portfolio of hotels and resorts as well as its timeshare business. Post-spin off, the company is a resilient, fee-driven business with a disciplined strategy.

Positive Earnings Surprise History: Hilton has an impressive earnings surprise history. Evidently, the company outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 18.6%. Given solid expansion efforts to boost growth, the stock seems to have decent upside potential.

Strong Growth Prospects: Arguably, earnings growth is of utmost importance for determining a stock’s potential as surging profit levels often indicate solid prospects (and stock price gains). The Zacks Consensus Estimate for 2018 earnings of $2.62 reflects year-over-year growth of 31%. Additionally, the stock has long-term earnings growth rate of 5.3%.

Notably, this strong earnings growth prospect is justified, given the company’s strong hotel performance and non-RevPAR driven fees.

Hilton Worldwide Holdings Inc. Net Income (TTM)

Other Stocks to Consider

Other stocks worth considering in the Zacks Consumer Discretionary sector include Intercontinental Hotels Group IHG, Marriot Vacations Worldwide VAC and Las Vegas Sands LVS, each carrying a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank  (Strong Buy) stocks here.

Intercontinental Hotels Group, Marriot Vacations and Las Vegas Sands are expected to witness a respective 18.9%, 16.1% and 9.5% increase in 2018 earnings.

Breaking News: Cryptocurrencies Now Bigger than Visa

The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.

Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.

Click here to access these stocks. >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Intercontinental Hotels Group (IHG): Free Stock Analysis Report
 
Marriot Vacations Worldwide Corporation (VAC): Free Stock Analysis Report
 
Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_08_5_reasons_to_invest_in_hilton_worldwide Thu, 08 Mar 2018 00:50:00 +0300
<![CDATA[Mattel Hit by Toys "R" Us Bankruptcy, Underperforming Brands]]> Mattel, Inc. MAT is grappling with the impacts of Toys “R” Us bankruptcy, sluggish performance of brands and pressure on margins.

The company’s fourth-quarter 2017 results missed the Zacks Consensus Estimate on the earnings and revenues front. Both the metrics also declined significantly on a year-over-year basis.

Additionally, Mattel has a dismal surprise history with the company missing the Zacks Consensus Estimate in all of the last four quarters, with an average negative surprise of 192.68%.

In a year’s time, the company’s shares have lost 34.6% against the industry’s gain of 38.4%.

 

Toys ‘R’ Us Bankruptcy Continues to Hurt Revenues

The Toys ‘R’ Us’ Chapter 11 bankruptcy filing in September, 2017 has been an added concern for the already suffering toy industry players. Mattel’s gross sales decreased 9% in 2017 compared with the 2016 figure. Reversal of roughly $47 million of gross sales associated with Toys "R" Us bankruptcy filing led to the decline.

Mattel, Inc. Revenue (TTM)

 

Major Brands Continue to Underperform

Continual sluggish performance of key brands is another strong reason behind decline of revenues in 2017. In fact, Mattel’s all the major brands have witnessed a decline in gross sales in the year compared with 2016. While revenues at Mattel Girls & Boys Brands declined 4%, the same at Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands were down 11%, 21% and 29%, respectively.

Margins Remain Under Pressure

Due to a simplified cost savings initiative that included write-downs of excess owned inventory and impairment of assets, the company’s adjusted gross margin contracted 850 basis points (bps) in 2017.

Moving ahead, costs related to marketing and promotional initiatives, and cleaning up inventories coupled with the development of digital platforms are likely to keep margins under pressure. Thus, the company pushed out its longer-term target of achieving the low end of the 15-20% operating margin range from 2018 until 2019.

To Conclude

Although the company continues to make strategic investments in its brands and focus on improving its point of sales (POS), it will take some time for all the brands to show consistent improvement. However, given the strong product line-up that includes core brands, licensed brands and lucrative product associations, Mattel remains well positioned for growth in the long term.

Zacks Rank & Stocks to Consider

Mattel carries a Zacks Rank #5 (Strong Sell).

A few better-ranked stocks in the Consumer Discretionary sector are Monarch Casino & Resort MCRI, Las Vegas Sands LVS and Wynn Resorts WYNN, all carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Monarch Casino, Las Vegas Sands and Wynn Resorts’ 2018 earnings are projected to grow 26.5%, 9.5% and 39.6%, respectively.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
 
Monarch Casino & Resort, Inc. (MCRI): Free Stock Analysis Report
 
Mattel, Inc. (MAT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_07_mattel_hit_by_toys_r_us_bankruptcy_un Wed, 07 Mar 2018 01:23:00 +0300
<![CDATA[Эти цитаты миллиардеров могут изменить ваши представления о бизнесе, инвестировании и успехе.]]> «Я никогда не стремился просто создать компанию. Многие ошибочно думают, что меня не интересуют доходы, прибыль и все в этом роде. Но на самом деле для меня быть „не просто компанией“ означает еще и создавать что-то действительно важное, что навсегда изменит мир», — Марк Цукерберг, глава Facebook.

«В наше время заработать хорошие деньги может каждый. Намного сложнее иметь стабильный доход, ощущать свою ответственность перед обществом и менять мир к лучшему», — Джек Ма, председатель совета директоров Alibaba Group.

«Я никогда не мечтал о том, как разбогатеть. У меня и в мыслях такого не было. Я хотел только одного — добиться чего-то в своей жизни», — Шелдон Адельсон, председатель совета директоров и глава Las Vegas Sands Corporation. 

 «Мы постоянно слышим фразу, что счастья за деньги не купишь. Но в глубине души я все равно думал, что деньги могут сделать вас хоть немного, но счастливее. На самом деле, это не так»,  — Сергей Брин, сооснователь Google и президент Alphabet Inc.

«Я думаю, что бережливость способствует развитию инноваций — так же, как и другие сдерживающие факторы. Существуют всего несколько способов выбраться из непростой ситуации, и один из них — изобрести свой собственный способ это сделать», — Джефф Безос, глава Amazon.

«Если бы деньги были для нас главной жизненной целью, мы бы давно продали компанию и сейчас загорали бы на пляже», — Ларри Пейдж, сооснователь и глава Alphabet Inc.

«Своим финансовым успехом я обязана тому, что никогда в жизни деньги не были для меня на первом месте», 
— Опра Уинфри, медиамагнат.

]]>
http://so-l.ru/news/y/2018_03_02_eti_citati_milliarderov_mogut_izmenit_v Fri, 02 Mar 2018 16:49:51 +0300
<![CDATA[Las Vegas Sands: Prime For A Possible Move Over Wynn Woes And Strong Fundamentals]]> http://so-l.ru/news/y/2018_02_25_las_vegas_sands_prime_for_a_possible_mo Sun, 25 Feb 2018 08:24:52 +0300 <![CDATA[Las Vegas Sands (LVS) Down 3.2% Since Earnings Report: Can It Rebound?]]> A month has gone by since the last earnings report for Las Vegas Sands Corp. LVS. Shares have lost about 3.2% in the past month, outperforming the market.

Will the recent negative trend continue leading up to its next earnings release, or is LVS due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Las Vegas Sands Q4 Earnings Beat on Solid Revenues

Las Vegas Sands reported better-than-expected results in fourth-quarter 2017.

Adjusted earnings per share of 88 cents surpassed the Zacks Consensus Estimate of 77 cents by 14.3% and increased 41.9% year over year on higher revenues. Net revenues of $3.4 billion beat the consensus mark by 6.3% and increased 11.7% year over year.

The solid performance can be attributed to the scale and diversity of gaming and non-gaming services across Macao and Singapore operations.

Additionally, management is confident about Las Vegas Sands’ Cotai Strip portfolio of properties. These properties continue to reap economic benefits of diversification, lure greater number of business and leisure travelers as well as provide the company with a superior platform for growth.

Property Performances: Asian Operations

The company's Asian business includes the following resorts:

The Venetian Macao

Net revenues increased 19.4% year over year to $844 million, owing to a 20.9% increase in casino revenues, 22.7% growth in room revenues, 9.5% rise in convention, retail and other revenues, 3.5% improvement in mall revenues and 14.3% increase in food and beverage revenues.

Adjusted property EBITDA was up 23.7% year over year to $324 million in the quarter.

Non-Rolling Chip Drop increased 21.5% and Rolling Chip volume improved 16.4%.

Sands Cotai Central

Net revenues rose 25.5% year over year to $557 million, driven by a 28.5% improvement in casino revenues, 19.7% rise in room revenues, 3.8% increase in food and beverage revenues, and 16.7% growth in convention, retail and other revenues. However, mall revenues fell 6.3% from the year-ago level.

Adjusted property EBITDA was $202 million, up 53% year over year.

While Non-Rolling Chip Drop rose 20.9%, Rolling Chip volume fell 16.7%.

The Parisian Macao

Revenues decreased 3.5% year over year to $332 million, owing to a 3.7% fall in casino revenues, 5.9% decline in food and beverage revenues, 11.1% decrease in mall revenues and 33.3% decline in convention, retail and other revenues. The downside was partially offset by a 16.7% increase in room revenues.

Adjusted property EBITDA fell 6.3% year over year to $89 million.

Non-Rolling Chip Drop improved 13.5%, while Rolling Chip volume rose 16.1%.

The Plaza Macao and Four Seasons Hotel Macao

Net revenues increased 10.4% to $180 million on a 12.4% increase in casino revenues as well as 28.6% and 12.1% increase in food and beverage revenues and mall revenues, respectively. Rooms and convention, retail and other revenues remained flat.

Adjusted property EBITDA increased 6% to $71 million.

Non-Rolling Chip Drop and Rolling Chip volume increased 24.3% and 6.7%, respectively.

Sands Macao

Revenues decreased 4.3% year over year to $154 million due to a 4.5% decline in casino revenues and 20% plunge in room revenues. Convention retail and other revenues and food and beverage revenues remained flat. 

Adjusted property EBITDA declined 14.9% to $40 million.

Non-Rolling Chip Drop increased 1.2%, while Rolling Chip volume declined 46.7%.

Marina Bay Sands, Singapore

Net revenues improved 14.1% year over year to $825 million owing to a 15.8% rise in casino revenues.  While room revenues and convention retail and other revenues fell 4.2% and 3.8%, respectively, mall and food and beverage revenues increased a respective 6.8% and 3.6%.

Adjusted property EBITDA in the quarter was $456 million, up 24.6%.

Non-Rolling Chip Drop and Rolling Chip volume fell 2.7% and 4%, respectively.

Domestic Operations

Las Vegas Operations

Net revenues from Las Vegas operations, which comprise The Venetian Las Vegas and The Palazzo including the Sands Expo and Convention Center, increased 2.4% to $422 million, owing to a 12% and 7.8% increase in food and beverage revenues and convention, retail and other revenues. The results were, however, somewhat offset by a fall of 4.6% and 1.4% in casino and room revenues, respectively.

Sands Bethlehem, PA

Net revenues at Sands Bethlehem were $142 million, up 2.2% year over year, attributable to a 2.3% rise in casino revenues. Rooms, mall, food and beverage as well as convention, retail and other revenues remained flat in the quarter.

Operating Results

On a consolidated basis, adjusted property EBITDA was up 19.7% year over year to $1.34 billion in the quarter on robust operating momentum in Macao operations. Strong mass non-gaming revenues along with higher hotel occupancy and retail mall revenues drove adjusted EBITDA.

Adjusted net income increased 42.6% year over year to $700 million.

Balance Sheet

As of Dec 31, 2017, unrestricted cash balances were $2.42 billion. Total debt outstanding, including the current portion and net of deferred financing costs along with original issue discount, was $9.64 billion.

Capital expenditures during the fourth quarter was $245 million. This was mainly due to construction, development and maintenance activities of $131 million in Macao, $59 million at Marina Bay Sands, $41 million in Las Vegas and $14 million at Sands Bethlehem.

Quarterly dividend paid by the company was 73 cents per share, while it repurchased $75 million of common stock.

2017 Highlights

For 2017, net revenues totaled $12.88 billion up 12.9% from 2016. Net income was up 61.4% to $3.26 billion from 2016.

EPS in the year was $3.04, reflecting a 30.5% year-over-year improvement.

Consolidated Adjusted Property EBITDA rose 18.6% year over year to $4.9 billion.

In 2017, the company paid dividends of $2.92 per share while it repurchased $375 million of common stock.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed an upward trend in fresh estimates. There have been two revisions higher for the current quarter, while looking back an additional 30 days, we can see even more upward momentum.

Las Vegas Sands Corp. Price and Consensus

 

Las Vegas Sands Corp. Price and Consensus | Las Vegas Sands Corp. Quote

 

VGM Scores

At this time, LVS has a nice Growth Score of B, however its Momentum is doing a bit better with an A. However, the stock was also allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

Our style scores indicate that the stock is more suitable for momentum investors than growth investors.

Outlook

Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise LVS has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_23_las_vegas_sands_lvs_down_3_2_since_ea Fri, 23 Feb 2018 17:58:00 +0300
<![CDATA[Las Vegas Sands wins mini-casino license in PA]]> http://so-l.ru/news/y/2018_02_21_las_vegas_sands_wins_mini_casino_license Wed, 21 Feb 2018 22:36:45 +0300