Zacks Research Expects Weaker Earnings for Las Vegas Sands

Las Vegas Sands Corp. (NYSE:LVS - Free Report) - Zacks Research cut their Q1 2025 EPS estimates for Las Vegas Sands in a research note issued to investors on Wednesday, December 11th. Zacks Research analyst H. Ray now expects that the casino operator will post earnings of $0.65 per share for the quarter, down from their previous forecast of $0.66. The consensus estimate for Las Vegas Sands' current full-year earnings is $2.33 per share.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates 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 revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share.

Other equities analysts have also issued research reports about the stock. Susquehanna raised their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a research note on Wednesday, October 16th. Argus downgraded Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. Wells Fargo & Company increased their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. UBS Group upped their target price on Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, Morgan Stanley increased their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands currently has an average rating of "Moderate Buy" and a consensus price target of $58.42.

Las Vegas Sands Price Performance

Las Vegas Sands stock traded down $0.24 during mid-day trading on Friday, hitting $53.56. The company's stock had a trading volume of 1,571,897 shares, compared to its average volume of 5,679,066. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $56.60. The stock's fifty day moving average price is $51.82 and its two-hundred day moving average price is $45.55. The stock has a market capitalization of $38.83 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.44 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09.

Institutional Investors Weigh In On Las Vegas Sands

A number of large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Las Vegas Sands in the third quarter valued at about $26,000. CVA Family Office LLC raised its holdings in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock valued at $28,000 after acquiring an additional 304 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Las Vegas Sands during the third quarter worth approximately $34,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Las Vegas Sands by 93.2% during the second 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 period. Finally, GAMMA Investing LLC grew its position in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock valued at $43,000 after purchasing an additional 243 shares during the last quarter. Institutional investors own 39.16% of the company's stock.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares of the company's stock, valued at $3,129,724. This trade represents a 28.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Insiders sold 203,732 shares of company stock valued at $10,861,707 over the last three months. Company insiders own 0.91% of the company's stock.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.49%. 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.