Brokers Set Expectations for Las Vegas Sands FY2024 Earnings

Las Vegas Sands Corp. (NYSE:LVS - Free Report) - Equities research analysts at Seaport Res Ptn decreased their FY2024 earnings estimates for shares of Las Vegas Sands in a research note issued on Sunday, January 26th. Seaport Res Ptn analyst V. Umansky now expects that the casino operator will earn $2.34 per share for the year, down from their prior estimate of $2.39. The consensus estimate for Las Vegas Sands' current full-year earnings is $2.36 per share. Seaport Res Ptn also issued estimates for Las Vegas Sands' Q4 2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $2.80 EPS, FY2026 earnings at $3.36 EPS and FY2027 earnings at $3.75 EPS.

Several other brokerages also recently issued reports on LVS. Barclays upped their price objective on shares of Las Vegas Sands from $58.00 to $61.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. increased their price target on Las Vegas Sands from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Susquehanna upped their target price 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. Stifel Nicolaus increased their target price on Las Vegas Sands from $55.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, UBS Group upped their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.92.

Las Vegas Sands Price Performance

LVS stock traded down $0.24 during trading on Tuesday, hitting $43.21. The stock had a trading volume of 4,279,084 shares, compared to its average volume of 4,640,981. The stock has a market cap of $31.33 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The company's 50 day moving average price is $50.18 and its two-hundred day moving average price is $46.72. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $56.60.

Institutional Investors Weigh In On Las Vegas Sands

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its holdings in shares of Las Vegas Sands by 159.6% during the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator's stock valued at $459,630,000 after purchasing an additional 5,612,975 shares during the last quarter. ARGA Investment Management LP lifted its stake in Las Vegas Sands by 32.0% during the fourth quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock valued at $333,911,000 after buying an additional 1,577,042 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Las Vegas Sands by 1.4% in the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator's stock worth $283,284,000 after buying an additional 77,807 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Las Vegas Sands by 2.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,659,427 shares of the casino operator's stock worth $133,876,000 after buying an additional 57,739 shares during the period. Finally, Bamco Inc. NY increased its position in shares of Las Vegas Sands by 29.2% in the third quarter. Bamco Inc. NY now owns 1,581,075 shares of the casino operator's stock worth $79,591,000 after acquiring an additional 357,234 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

Insider Activity

In other news, CEO Robert G. Goldstein sold 60,187 shares of the company'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert G. Goldstein sold 24,324 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction 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 approximately $3,129,724. This trade represents a 28.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.91% 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.