Research Analysts Issue Forecasts for Las Vegas Sands Corp.’s Q2 2024 Earnings (NYSE:LVS)

Las Vegas Sands Corp. (NYSE:LVS) – Equities researchers at Seaport Res Ptn issued their Q2 2024 EPS estimates for Las Vegas Sands in a research report issued to clients and investors on Wednesday, June 26th. Seaport Res Ptn analyst V. Umansky anticipates that the casino operator will post earnings per share of $0.56 for the quarter. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.69 per share. Seaport Res Ptn also issued estimates for Las Vegas Sands’ Q3 2024 earnings at $0.59 EPS, Q4 2024 earnings at $0.64 EPS and FY2024 earnings at $2.76 EPS.

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

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Wells Fargo & Company lowered their target price 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. Jefferies Financial Group decreased their price target on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Mizuho decreased their price target on shares of 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. Finally, Morgan Stanley lifted their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.31.

Las Vegas Sands Trading Up 0.2 %

Shares of LVS opened at $44.25 on Friday. The firm’s 50 day simple moving average is $45.24 and its 200 day simple moving average is $48.99. The company has a market capitalization of $32.97 billion, a P/E ratio of 21.38, a P/E/G ratio of 0.79 and a beta of 1.13. 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 has a 1-year low of $42.99 and a 1-year high of $61.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LVS. Norges Bank bought a new position in shares of Las Vegas Sands in the fourth quarter worth approximately $266,538,000. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 4,264,043 shares in the last quarter. ARGA Investment Management LP boosted its holdings in Las Vegas Sands by 214.5% in the fourth quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock valued at $153,071,000 after acquiring an additional 2,121,546 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Las Vegas Sands by 58.6% in the first quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock valued at $275,559,000 after acquiring an additional 1,968,941 shares in the last quarter. Finally, Ghisallo Capital Management LLC bought a new stake in Las Vegas Sands in the fourth quarter valued at $73,815,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, May 6th. Las Vegas Sands’s dividend payout ratio is 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.