Zacks Research Lowers Earnings Estimates for Las Vegas Sands

Las Vegas Sands Corp. (NYSE:LVS) – Equities researchers at Zacks Research cut their Q1 2025 EPS estimates for shares of Las Vegas Sands in a report released on Wednesday, December 11th. Zacks Research analyst H. Ray now forecasts that the casino operator will post earnings per share of $0.65 for the quarter, down from their previous estimate of $0.66. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.33 per share.

Las Vegas Sands (NYSE:LVS) last released its earnings results 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). The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. Las Vegas Sands’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share.

LVS has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Susquehanna raised their target price on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Mizuho upped their price target on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays raised their price objective on shares of Las Vegas Sands from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company upped their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.42.

Las Vegas Sands Stock Up 0.1 %

LVS stock opened at $53.87 on Friday. The company’s 50 day moving average price is $51.85 and its 200 day moving average price is $45.62. The firm has a market capitalization of $39.06 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 1.44 and a beta of 1.10. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert G. Goldstein sold 119,221 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the transaction, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. This trade represents a 58.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 203,732 shares of company stock worth $10,861,707 in the last quarter. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

A number of large investors have recently made changes to their positions in LVS. Janus Henderson Group PLC raised its holdings in Las Vegas Sands by 159.6% during the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after purchasing an additional 5,612,975 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Las Vegas Sands by 987.0% in the second quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock valued at $245,570,000 after buying an additional 5,039,072 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after buying an additional 1,536,754 shares during the last quarter. Charles Lim Capital Ltd lifted its holdings in shares of Las Vegas Sands by 178.3% in the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock valued at $70,800,000 after purchasing an additional 1,025,000 shares in the last quarter. Finally, ARGA Investment Management LP raised its holdings in shares of Las Vegas Sands by 24.8% in the third quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator’s stock worth $247,891,000 after acquiring an additional 977,636 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

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.