Analysts Issue Forecasts for Las Vegas Sands FY2024 Earnings

Las Vegas Sands Corp. (NYSE:LVS) – Equities researchers at Seaport Res Ptn dropped their FY2024 earnings estimates for shares of Las Vegas Sands in a note issued to investors on Sunday, January 26th. Seaport Res Ptn analyst V. Umansky now anticipates that the casino operator will post earnings per share of $2.34 for the year, down from their previous estimate of $2.39. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.36 per share. Seaport Res Ptn also issued estimates for Las Vegas Sands’ Q4 2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $2.80 EPS, FY2026 earnings at $3.36 EPS and FY2027 earnings at $3.75 EPS.

LVS has been the subject of a number of other reports. Mizuho increased their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group lifted their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Barclays lifted their target price on shares of Las Vegas Sands from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Stifel Nicolaus lifted their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average price target of $59.92.

Las Vegas Sands Price Performance

Shares of LVS opened at $43.21 on Tuesday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The firm has a 50-day simple moving average of $50.18 and a 200-day simple moving average of $46.72. The company has a market capitalization of $31.33 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09.

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its holdings in Las Vegas Sands by 97.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator’s stock valued at $4,518,000 after purchasing an additional 44,223 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Las Vegas Sands by 1.4% in the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock valued at $283,284,000 after purchasing an additional 77,807 shares during the period. Sanctuary Advisors LLC acquired a new stake in Las Vegas Sands during the 2nd quarter valued at $619,000. Clearbridge Investments LLC increased its stake in Las Vegas Sands by 29.9% during the 2nd quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock worth $36,882,000 after buying an additional 191,805 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Las Vegas Sands by 33.3% in the 3rd quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator’s stock worth $27,590,000 after buying an additional 136,859 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

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.