FY2024 EPS Forecast for Las Vegas Sands Lowered by Analyst

Las Vegas Sands Corp. (NYSE:LVS) – Research analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of Las Vegas Sands in a report issued on Wednesday, November 6th. Zacks Research analyst H. Ray now forecasts 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 posted 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). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company boosted their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. UBS Group lifted their target price on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus upped their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Las Vegas Sands Trading Down 2.1 %

NYSE:LVS opened at $50.38 on Monday. Las Vegas Sands has a 12 month low of $36.62 and a 12 month high of $55.65. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The firm’s 50 day moving average is $47.75 and its 200 day moving average is $44.60. The stock has a market capitalization of $36.53 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11.

Institutional Investors Weigh In On Las Vegas Sands

Several hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in shares of Las Vegas Sands by 3.6% during the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator’s stock valued at $305,000 after buying an additional 213 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Las Vegas Sands by 7.8% in the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock worth $177,000 after acquiring an additional 253 shares during the last quarter. Waldron Private Wealth LLC boosted its stake in shares of Las Vegas Sands by 2.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after purchasing an additional 268 shares in the last quarter. Finally, Commerce Bank grew its holdings in shares of Las Vegas Sands by 1.5% during the 3rd quarter. Commerce Bank now owns 20,828 shares of the casino operator’s stock valued at $1,048,000 after purchasing an additional 301 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the sale, the chief executive officer now directly owns 84,511 shares in the company, valued at $4,540,776.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.59%. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

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.