Las Vegas Sands Corp. Forecasted to Earn Q3 2024 Earnings of $0.56 Per Share (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS) – Stock analysts at Zacks Research decreased their Q3 2024 earnings estimates for Las Vegas Sands in a research report issued to clients and investors on Wednesday, August 7th. Zacks Research analyst H. Ray now anticipates that the casino operator will earn $0.56 per share for the quarter, down from their prior 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.

A number of other equities analysts also recently commented on the stock. StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Mizuho lowered their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft decreased 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, Stifel Nicolaus dropped their price objective on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Stock Performance

Shares of NYSE LVS traded down $1.25 during trading hours on Thursday, reaching $38.57. The stock had a trading volume of 6,366,506 shares, compared to its average volume of 5,462,719. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $58.40. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.29. The business’s fifty day moving average is $42.15 and its two-hundred day moving average is $47.21. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.04 and a beta of 1.12.

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

Institutional Investors Weigh In On Las Vegas Sands

Several hedge funds have recently bought and sold shares of LVS. Pekin Hardy Strauss Inc. lifted its holdings in Las Vegas Sands by 104.8% during the second quarter. Pekin Hardy Strauss Inc. now owns 18,170 shares of the casino operator’s stock worth $804,000 after acquiring an additional 9,300 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Las Vegas Sands by 44.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,949,670 shares of the casino operator’s stock worth $130,523,000 after buying an additional 903,400 shares during the period. Dimensional Fund Advisors LP raised its holdings in Las Vegas Sands by 30.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,085,045 shares of the casino operator’s stock worth $92,266,000 after buying an additional 483,564 shares during the period. Retirement Planning Co of New England Inc. raised its holdings in Las Vegas Sands by 5.4% during the 2nd quarter. Retirement Planning Co of New England Inc. now owns 20,316 shares of the casino operator’s stock worth $899,000 after buying an additional 1,037 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in Las Vegas Sands by 2.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 98,866 shares of the casino operator’s stock worth $4,375,000 after buying an additional 1,967 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be issued 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 is Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

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.