Zacks Research Forecasts Weaker Earnings for Las Vegas Sands

Las Vegas Sands Corp. (NYSE:LVS) – Analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for Las Vegas Sands in a report issued on Wednesday, November 6th. Zacks Research analyst H. Ray now expects that the casino operator will post earnings per share of $2.30 for the year, down from their previous forecast of $2.41. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Las Vegas Sands’ Q1 2025 earnings at $0.66 EPS, Q2 2025 earnings at $0.66 EPS and Q3 2026 earnings at $0.74 EPS.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year.

LVS has been the subject of a number of other research reports. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Stifel Nicolaus lifted their target price on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays increased their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Las Vegas Sands Price Performance

Shares of LVS opened at $50.64 on Monday. The firm has a 50-day simple moving average of $47.75 and a two-hundred day simple moving average of $44.59. The stock has a market cap of $36.72 billion, a PE ratio of 24.94, a P/E/G ratio of 1.32 and a beta of 1.11. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. CVA Family Office LLC increased its stake in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares in the last quarter. Bank & Trust Co acquired a new position in shares of Las Vegas Sands during the 2nd quarter worth $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Las Vegas Sands in the 3rd quarter worth about $34,000. Capital Performance Advisors LLP acquired a new stake in Las Vegas Sands in the 3rd quarter valued at about $43,000. Finally, GAMMA Investing LLC increased its holdings in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the sale, the chief executive officer now owns 84,511 shares in the company, valued at approximately $4,540,776.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by insiders.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

About Las Vegas Sands

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.