Q2 2024 Earnings Forecast for Las Vegas Sands Corp. Issued By Zacks Research (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS) – Analysts at Zacks Research decreased their Q2 2024 earnings per share (EPS) estimates for shares of Las Vegas Sands in a research report issued on Wednesday, May 1st. Zacks Research analyst H. Ray now forecasts that the casino operator will post earnings of $0.63 per share for the quarter, down from their previous estimate of $0.68. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Las Vegas Sands’ Q3 2024 earnings at $0.67 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.69 EPS, Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.71 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.77 EPS, FY2025 earnings at $2.85 EPS, Q1 2026 earnings at $0.84 EPS and FY2026 earnings at $3.40 EPS.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue was up 34.9% compared to the same quarter last year.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group decreased their target price on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Morgan Stanley upped their target price on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price target 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 $66.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.46.

Las Vegas Sands Stock Up 0.5 %

LVS stock opened at $46.87 on Friday. The company has a market capitalization of $34.92 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 0.87 and a beta of 1.18. Las Vegas Sands has a 12 month low of $43.77 and a 12 month high of $63.51. The firm’s fifty day simple moving average is $50.34 and its 200-day simple moving average is $49.62. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.71%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Las Vegas Sands in the 4th quarter valued at about $266,538,000. Vanguard Group Inc. increased its holdings in shares of Las Vegas Sands by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock valued at $1,815,760,000 after purchasing an additional 4,264,043 shares during the last quarter. ARGA Investment Management LP lifted its position in Las Vegas Sands by 214.5% during the fourth quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock worth $153,071,000 after buying an additional 2,121,546 shares in the last quarter. Charles Lim Capital Ltd boosted its stake in Las Vegas Sands by 296.2% during the third quarter. Charles Lim Capital Ltd now owns 2,575,000 shares of the casino operator’s stock worth $118,038,000 after buying an additional 1,925,000 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new stake in Las Vegas Sands in the 4th quarter valued at $73,815,000. 39.16% of the stock is owned by institutional investors and hedge funds.

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.