Seaport Res Ptn Forecasts Lower Earnings for Las Vegas Sands

Las Vegas Sands Corp. (NYSE:LVS) – Stock analysts at Seaport Res Ptn dropped their FY2024 earnings per share estimates for shares of Las Vegas Sands in a research report issued on Thursday, October 24th. Seaport Res Ptn analyst V. Umansky now forecasts that the casino operator will post earnings per share of $2.39 for the year, down from their prior forecast of $2.50. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.45 per share. Seaport Res Ptn also issued estimates for Las Vegas Sands’ Q4 2024 earnings at $0.63 EPS and FY2025 earnings at $2.89 EPS.

Other equities analysts have also recently issued reports about the company. Morgan Stanley increased their price target on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday. Mizuho lifted their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. StockNews.com cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Macquarie lowered their target price on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.92.

Las Vegas Sands Trading Up 2.8 %

Shares of Las Vegas Sands stock opened at $52.47 on Friday. The stock has a 50 day moving average of $44.94 and a 200 day moving average of $44.40. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market capitalization of $39.09 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.48 and a beta of 1.12. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $55.65.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm 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 14.08% and a return on equity of 44.41%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.52%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CVA Family Office LLC increased its position in Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares in the last quarter. Bank & Trust Co acquired a new stake in shares of Las Vegas Sands in the second quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after acquiring an additional 437 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Las Vegas Sands during the 1st quarter valued at $43,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 243 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

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.