Zacks Research Lifts Earnings Estimates for Las Vegas Sands

Las Vegas Sands Corp. (NYSE:LVS) – Stock analysts at Zacks Research upped their FY2028 earnings estimates for Las Vegas Sands in a report issued on Tuesday, October 6th. Zacks Research analyst Team now anticipates that the casino operator will post earnings per share of $3.74 for the year, up from their prior forecast of $3.73. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Las Vegas Sands’ current full-year earnings is $3.09 per share.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year.

A number of other research firms have also commented on LVS. HC Wainwright lowered Las Vegas Sands to a “neutral” rating in a report on Thursday, July 30th. Citigroup decreased their price target on Las Vegas Sands from $73.00 to $71.50 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Wall Street Zen downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Jefferies Financial Group cut their price objective on shares of Las Vegas Sands from $52.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Finally, Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.84.

Las Vegas Sands Price Performance

LVS opened at $35.81 on Thursday. The firm has a 50-day moving average of $43.13 and a 200 day moving average of $48.00. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. Las Vegas Sands has a fifty-two week low of $35.69 and a fifty-two week high of $70.45. The firm has a market cap of $23.20 billion, a P/E ratio of 13.94, a PEG ratio of 0.89 and a beta of 0.78.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. State Street Corp increased its position in Las Vegas Sands by 6.5% during the 2nd quarter. State Street Corp now owns 15,159,570 shares of the casino operator’s stock valued at $700,221,000 after purchasing an additional 919,452 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Las Vegas Sands by 4.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock worth $462,450,000 after purchasing an additional 396,705 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Las Vegas Sands by 36.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 4,617,148 shares of the casino operator’s stock valued at $213,266,000 after purchasing an additional 1,244,943 shares in the last quarter. Bamco Inc. NY bought a new stake in shares of Las Vegas Sands during the 2nd quarter valued at about $174,796,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Las Vegas Sands by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator’s stock valued at $203,616,000 after buying an additional 90,690 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

About Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts that combine casino gaming with hotels, convention and exhibition facilities, retail, dining and entertainment venues. The company’s properties are designed to serve leisure travelers, business visitors and convention groups.

Las Vegas Sands operates major integrated resorts in Macau, including The Venetian Macao, The Parisian Macao, The Londoner Macao and Four Seasons Hotel Macao. In Singapore, it operates Marina Bay Sands, a large resort featuring hotel accommodations, gaming, shopping, dining, entertainment and convention facilities.