Brokers Set Expectations for Las Vegas Sands FY2024 Earnings

Las Vegas Sands Corp. (NYSE:LVS - Free Report) - Equities research analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of Las Vegas Sands in a note issued to investors on Wednesday, November 6th. Zacks Research analyst H. Ray now expects that the casino operator will post earnings of $2.30 per share for the year, down from their previous estimate 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.

Several other equities research analysts also recently weighed in on LVS. Susquehanna raised their price target on Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective 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 15th. Morgan Stanley boosted their price target on Las Vegas Sands from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Argus cut Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Company upped their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $58.00.

Las Vegas Sands Stock Up 0.5 %

NYSE LVS traded up $0.26 on Monday, hitting $50.64. The stock had a trading volume of 3,694,820 shares, compared to its average volume of 5,792,109. Las Vegas Sands has a 52-week low of $36.62 and a 52-week high of $55.65. The business's fifty day moving average price is $47.75 and its 200 day moving average price is $44.59. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market cap of $36.72 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors 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 1.58%. Las Vegas Sands's dividend payout ratio is currently 39.60%.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 119,221 shares of the stock in a transaction 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 completion of 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.

Institutional Investors Weigh In On Las Vegas Sands

A number of hedge funds have recently modified their holdings of the company. Commerce Bank lifted its holdings in shares of Las Vegas Sands by 1.5% in the 3rd quarter. Commerce Bank now owns 20,828 shares of the casino operator's stock worth $1,048,000 after acquiring an additional 301 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Las Vegas Sands in the third quarter valued at approximately $575,000. Meeder Asset Management Inc. grew its position in shares of Las Vegas Sands by 97.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator's stock valued at $4,518,000 after buying an additional 44,223 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Las Vegas Sands by 1.7% in the 3rd quarter. Pathstone Holdings LLC now owns 35,187 shares of the casino operator's stock valued at $1,771,000 after purchasing an additional 573 shares during the last quarter. Finally, Aljian Capital Management LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at $420,000. Hedge funds and other institutional investors own 39.16% of the company's stock.

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.