Jefferies Financial Group Comments on Las Vegas Sands Corp.’s Q1 2023 Earnings (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS – Get Rating) – Stock analysts at Jefferies Financial Group lowered their Q1 2023 EPS estimates for shares of Las Vegas Sands in a report issued on Monday, March 13th. Jefferies Financial Group analyst D. Katz now expects that the casino operator will post earnings of $0.36 per share for the quarter, down from their prior estimate of $0.37. The consensus estimate for Las Vegas Sands’ current full-year earnings is $1.41 per share. Jefferies Financial Group also issued estimates for Las Vegas Sands’ Q3 2023 earnings at $0.56 EPS, Q4 2023 earnings at $0.67 EPS and FY2023 earnings at $2.00 EPS.

Other equities research analysts have also issued reports about the stock. Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $59.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, March 1st. TheStreet raised shares of Las Vegas Sands from a “d+” rating to a “c-” rating in a research note on Monday, February 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Las Vegas Sands from $56.00 to $69.00 in a research note on Thursday, January 26th. Argus raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Friday, January 27th. Finally, Barclays lifted their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 24th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Las Vegas Sands Trading Down 5.0 %

Shares of LVS opened at $53.11 on Wednesday. The firm has a market cap of $40.59 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 15.99 and a beta of 1.16. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.72 and a current ratio of 1.73. Las Vegas Sands has a fifty-two week low of $28.88 and a fifty-two week high of $60.99. The firm has a 50 day moving average price of $56.44 and a 200-day moving average price of $46.69.

Las Vegas Sands (NYSE:LVS – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The casino operator reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.18 billion. Las Vegas Sands had a negative return on equity of 22.49% and a net margin of 44.57%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.22) earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Las Vegas Sands by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 35,537,902 shares of the casino operator’s stock valued at $1,381,358,000 after purchasing an additional 519,620 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Las Vegas Sands by 4.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,393,752 shares of the casino operator’s stock worth $1,605,238,000 after buying an additional 1,539,069 shares during the period. State Street Corp grew its position in shares of Las Vegas Sands by 2.9% in the 1st quarter. State Street Corp now owns 13,898,679 shares of the casino operator’s stock worth $540,242,000 after buying an additional 394,616 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Las Vegas Sands by 8.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,145,152 shares of the casino operator’s stock worth $439,607,000 after buying an additional 742,471 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Las Vegas Sands by 36.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,428,878 shares of the casino operator’s stock worth $278,734,000 after buying an additional 1,966,755 shares during the period. 39.75% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Company Profile

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Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the Macao and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao.