Las Vegas Sands Corp. (NYSE:LVS - Free Report) - Stock analysts at Seaport Res Ptn reduced their FY2024 earnings per share (EPS) estimates for shares of Las Vegas Sands in a research report issued on Thursday, October 24th. Seaport Res Ptn analyst V. Umansky now forecasts that the casino operator will post earnings of $2.39 per share for the year, down from their previous forecast of $2.50. The consensus estimate for Las Vegas Sands' current full-year earnings is $2.45 per share. Seaport Res Ptn also issued estimates for Las Vegas Sands' Q4 2024 earnings at $0.63 EPS and FY2025 earnings at $2.89 EPS.
Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Morgan Stanley lifted their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday. Wells Fargo & Company increased their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $61.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Finally, Susquehanna increased their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the company a "positive" rating in a research note on Wednesday, October 16th. Four equities research 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 has a consensus rating of "Moderate Buy" and an average target price of $57.92.
Get Our Latest Report on LVS
Las Vegas Sands Price Performance
NYSE LVS traded up $0.29 on Friday, hitting $52.76. The company had a trading volume of 7,169,668 shares, compared to its average volume of 5,781,293. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The company's fifty day moving average price is $45.18 and its 200-day moving average price is $44.45. The company has a market capitalization of $39.31 billion, a PE ratio of 25.49, a PEG ratio of 1.49 and a beta of 1.12. Las Vegas Sands has a 12-month low of $36.62 and a 12-month high of $55.65.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The firm's quarterly revenue was down 4.0% compared to the same quarter last year.
Institutional Trading of Las Vegas Sands
Hedge funds and other institutional investors have recently made changes to their positions in the company. CVA Family Office LLC grew its holdings in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock worth $28,000 after purchasing an additional 304 shares during the period. Bank & Trust Co acquired a new stake in shares of Las Vegas Sands during the second quarter valued at about $29,000. Fidelis Capital Partners LLC purchased a new stake in shares of Las Vegas Sands in the 1st quarter valued at approximately $43,000. GAMMA Investing LLC lifted its holdings in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock worth $43,000 after acquiring an additional 243 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator's stock worth $40,000 after acquiring an additional 437 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 will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, November 5th. Las Vegas Sands's payout ratio is currently 38.65%.
About Las Vegas Sands
(
Get Free Report)
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.
Featured Articles
Before you consider Las Vegas Sands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Las Vegas Sands wasn't on the list.
While Las Vegas Sands currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
