Q2 2024 EPS Estimates for Las Vegas Sands Corp. (NYSE:LVS) Cut by Analyst

Las Vegas Sands Corp. (NYSE:LVS) – Equities research analysts at Zacks Research reduced their Q2 2024 earnings estimates for Las Vegas Sands in a research note issued to investors on Wednesday, May 1st. Zacks Research analyst H. Ray now expects that the casino operator will post earnings of $0.63 per share for the quarter, down from their prior forecast of $0.68. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Las Vegas Sands’ Q3 2024 earnings at $0.67 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.69 EPS, Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.71 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.77 EPS, FY2025 earnings at $2.85 EPS, Q1 2026 earnings at $0.84 EPS and FY2026 earnings at $3.40 EPS.

Several other equities research analysts have also commented on LVS. Stifel Nicolaus decreased their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Citigroup upped their target price on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Morgan Stanley lifted their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. reduced their price objective on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus target price of $63.46.

Las Vegas Sands Trading Up 0.5 %

Shares of LVS stock opened at $46.87 on Friday. The business’s fifty day moving average price is $50.34 and its 200 day moving average price is $49.62. The firm has a market capitalization of $34.92 billion, a PE ratio of 22.64, a P/E/G ratio of 0.87 and a beta of 1.18. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29. Las Vegas Sands has a 1-year low of $43.77 and a 1-year high of $63.51.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.13. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS.

Institutional Trading of Las Vegas Sands

A number of institutional investors have recently modified their holdings of LVS. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Las Vegas Sands by 9.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 83,903 shares of the casino operator’s stock valued at $3,846,000 after purchasing an additional 7,300 shares during the period. Xponance Inc. raised its holdings in shares of Las Vegas Sands by 4.8% during the 3rd quarter. Xponance Inc. now owns 78,433 shares of the casino operator’s stock valued at $3,595,000 after buying an additional 3,585 shares during the period. Stratos Wealth Partners LTD. lifted its position in Las Vegas Sands by 76.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,520 shares of the casino operator’s stock worth $482,000 after acquiring an additional 4,554 shares in the last quarter. KMG Fiduciary Partners LLC boosted its holdings in Las Vegas Sands by 15.7% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 14,677 shares of the casino operator’s stock worth $673,000 after acquiring an additional 1,993 shares during the period. Finally, WESPAC Advisors LLC grew its position in Las Vegas Sands by 7.0% in the third quarter. WESPAC Advisors LLC now owns 7,328 shares of the casino operator’s stock valued at $336,000 after acquiring an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.71%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

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.