Las Vegas Sands FY2025 EPS Forecast Raised by Zacks Research

Las Vegas Sands Corp. (NYSE:LVS) – Analysts at Zacks Research lifted their FY2025 earnings per share estimates for Las Vegas Sands in a report released on Monday, October 13th. Zacks Research analyst Team now anticipates that the casino operator will post earnings per share of $2.64 for the year, up from their prior estimate of $2.63. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.60 per share.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the company posted $0.55 earnings per share. Las Vegas Sands’s revenue was up 15.0% compared to the same quarter last year.

Several other analysts have also issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Las Vegas Sands in a report on Wednesday, October 8th. UBS Group upped their price objective on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Bank of America raised their target price on shares of Las Vegas Sands from $52.50 to $58.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Barclays boosted their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Susquehanna reduced their price target on shares of Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating on the stock in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average price target of $60.20.

Las Vegas Sands Trading Up 3.4%

Shares of LVS stock opened at $48.06 on Tuesday. The stock has a market cap of $32.99 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01. Las Vegas Sands has a 1 year low of $30.18 and a 1 year high of $58.05. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The stock has a 50 day simple moving average of $53.67 and a 200 day simple moving average of $45.92.

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Las Vegas Sands by 4.4% during the second quarter. Vanguard Group Inc. now owns 43,072,014 shares of the casino operator’s stock valued at $1,874,063,000 after purchasing an additional 1,822,806 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Las Vegas Sands by 3.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,722,816 shares of the casino operator’s stock valued at $607,373,000 after buying an additional 592,321 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Las Vegas Sands by 6.5% in the 1st quarter. Bank of New York Mellon Corp now owns 12,415,492 shares of the casino operator’s stock valued at $479,610,000 after buying an additional 752,944 shares during the last quarter. ARGA Investment Management LP boosted its position in Las Vegas Sands by 36.8% during the 2nd quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator’s stock worth $436,883,000 after buying an additional 2,698,398 shares during the period. Finally, Invesco Ltd. grew its holdings in Las Vegas Sands by 4.9% during the 2nd quarter. Invesco Ltd. now owns 9,902,619 shares of the casino operator’s stock worth $430,863,000 after acquiring an additional 459,821 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. Las Vegas Sands’s dividend payout ratio (DPR) is 50.51%.

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.