Q3 2024 EPS Estimates for Las Vegas Sands Corp. (NYSE:LVS) Lowered by Zacks Research

Las Vegas Sands Corp. (NYSE:LVS) – Analysts at Zacks Research decreased their Q3 2024 EPS estimates for Las Vegas Sands in a research note issued on Wednesday, August 7th. Zacks Research analyst H. Ray now expects that the casino operator will post earnings of $0.56 per share for the quarter, down from their previous estimate of $0.67. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.48 per share. Zacks Research also issued estimates for Las Vegas Sands’ Q4 2024 earnings at $0.55 EPS, Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.70 EPS, FY2025 earnings at $2.65 EPS and Q2 2026 earnings at $0.73 EPS.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year.

LVS has been the topic of several other reports. Citigroup raised their price objective on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Mizuho dropped their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Jefferies Financial Group reduced their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Stock Performance

NYSE LVS traded down $1.25 on Thursday, reaching $38.57. 6,366,506 shares of the stock were exchanged, compared to its average volume of 5,462,719. The company has a current ratio of 1.58, a quick ratio of 1.29 and a debt-to-equity ratio of 3.29. Las Vegas Sands has a one year low of $36.62 and a one year high of $58.40. The firm has a market capitalization of $28.74 billion, a PE ratio of 18.63, a PEG ratio of 1.04 and a beta of 1.12. The company’s 50-day simple moving average is $42.15 and its two-hundred day simple moving average is $47.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Clearbridge Investments LLC boosted its stake in Las Vegas Sands by 3.1% in the fourth quarter. Clearbridge Investments LLC now owns 629,182 shares of the casino operator’s stock valued at $30,962,000 after acquiring an additional 19,200 shares in the last quarter. Vanguard Group Inc. grew its stake in Las Vegas Sands by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after buying an additional 209,589 shares during the last quarter. Nordea Investment Management AB increased its position in Las Vegas Sands by 27.6% during the 1st quarter. Nordea Investment Management AB now owns 891,796 shares of the casino operator’s stock valued at $46,124,000 after buying an additional 193,110 shares in the last quarter. ARGA Investment Management LP raised its stake in Las Vegas Sands by 6.4% in the first quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock valued at $171,075,000 after buying an additional 198,413 shares during the last quarter. Finally, AM Squared Ltd acquired a new stake in Las Vegas Sands in the fourth quarter worth about $3,076,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, August 6th. Las Vegas Sands’s payout ratio is currently 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.