Las Vegas Sands Corp. (NYSE:LVS) to Post Q2 2024 Earnings of $0.56 Per Share, Seaport Res Ptn Forecasts

Las Vegas Sands Corp. (NYSE:LVS) – Analysts at Seaport Res Ptn issued their Q2 2024 earnings per share (EPS) estimates for shares of Las Vegas Sands in a research note issued to investors on Wednesday, June 26th. Seaport Res Ptn analyst V. Umansky forecasts 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 $2.63 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.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. reduced their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Stifel Nicolaus cut their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Finally, Wells Fargo & Company dropped their target price on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.31.

Las Vegas Sands Price Performance

NYSE:LVS opened at $44.14 on Friday. The firm has a market cap of $32.89 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 0.80 and a beta of 1.13. The company’s 50-day moving average price is $45.30 and its two-hundred day moving average price is $49.04. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. Las Vegas Sands has a 12 month low of $42.99 and a 12 month high of $61.25.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Delos Wealth Advisors LLC acquired a new position in Las Vegas Sands in the fourth quarter valued at about $33,000. Venturi Wealth Management LLC grew its holdings in shares of Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after buying an additional 409 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in shares of Las Vegas Sands in the 4th quarter valued at $39,000. Accent Capital Management LLC acquired a new stake in Las Vegas Sands during the 4th quarter worth $39,000. Finally, Vestor Capital LLC bought a new position in Las Vegas Sands during the fourth quarter worth about $42,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were given a dividend of $0.20 per share. 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 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.