Zacks Research Research Analysts Lower Earnings Estimates for Las Vegas Sands Corp. (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS) – Analysts at Zacks Research dropped their Q2 2024 earnings per share estimates for shares of Las Vegas Sands in a research note issued to investors on Wednesday, May 1st. Zacks Research analyst H. Ray now anticipates that the casino operator will earn $0.63 per share for the quarter, down from their prior estimate of $0.68. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Las Vegas Sands’ Q3 2024 earnings at $0.67 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.69 EPS, Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.71 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.77 EPS, FY2025 earnings at $2.85 EPS, Q1 2026 earnings at $0.84 EPS and FY2026 earnings at $3.40 EPS.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 EPS.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group dropped their target price on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price target on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Mizuho decreased their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, Stifel Nicolaus reduced their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus target price of $63.46.

Las Vegas Sands Trading Up 0.5 %

Shares of LVS stock opened at $46.87 on Friday. The stock has a market capitalization of $34.92 billion, a PE ratio of 22.64, a P/E/G ratio of 0.83 and a beta of 1.18. Las Vegas Sands has a 1-year low of $43.77 and a 1-year high of $63.51. The business has a 50-day moving average of $50.50 and a 200 day moving average of $49.61. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29.

Institutional Trading of Las Vegas Sands

Hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Las Vegas Sands during the third quarter valued at $27,000. Western Pacific Wealth Management LP purchased a new stake in Las Vegas Sands in the third quarter worth about $29,000. Delos Wealth Advisors LLC purchased a new stake in Las Vegas Sands in the fourth quarter worth about $33,000. Venturi Wealth Management LLC increased its position in Las Vegas Sands by 150.4% in the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after buying an additional 409 shares in the last quarter. Finally, CNB Bank purchased a new stake in Las Vegas Sands in the third quarter worth about $32,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.91% of the company’s stock.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. 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.