Zacks Research Boosts Earnings Estimates for Las Vegas Sands

Las Vegas Sands Corp. (NYSE:LVS) – Equities research analysts at Zacks Research increased their FY2027 EPS estimates for shares of Las Vegas Sands in a research note issued on Wednesday, November 5th. Zacks Research analyst Team now forecasts that the casino operator will post earnings per share of $3.22 for the year, up from their prior forecast of $2.86. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.60 per share.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the business posted $0.44 EPS. Las Vegas Sands’s revenue was up 24.2% on a year-over-year basis.

LVS has been the topic of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Las Vegas Sands in a research report on Wednesday, October 8th. Morgan Stanley increased their price target on Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. raised their price target on Las Vegas Sands from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Stifel Nicolaus upped their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Macquarie increased their target price on shares of Las Vegas Sands from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.13.

Las Vegas Sands Stock Performance

LVS opened at $66.95 on Monday. The company has a current ratio of 0.89, a quick ratio of 1.21 and a debt-to-equity ratio of 7.42. The business’s 50 day moving average is $54.82 and its 200-day moving average is $49.43. The stock has a market cap of $45.27 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03. Las Vegas Sands has a twelve month low of $30.18 and a twelve month high of $67.83.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. boosted its stake in shares of Las Vegas Sands by 48.0% during the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after acquiring an additional 166 shares in the last quarter. Total Investment Management Inc. purchased a new stake in shares of Las Vegas Sands during the second quarter valued at $25,000. Root Financial Partners LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at $33,000. Smartleaf Asset Management LLC increased its stake in Las Vegas Sands by 549.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock worth $35,000 after purchasing an additional 533 shares in the last quarter. Finally, MAI Capital Management raised its holdings in Las Vegas Sands by 78.4% during the 3rd quarter. MAI Capital Management now owns 710 shares of the casino operator’s stock worth $38,000 after buying an additional 312 shares during the period. Institutional investors own 39.16% of the company’s stock.

Insider Transactions at Las Vegas Sands

In other news, EVP D. Zachary Hudson sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $64.99, for a total transaction of $6,499,000.00. Following the completion of the transaction, the executive vice president owned 13,735 shares in the company, valued at approximately $892,637.65. This trade represents a 87.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert G. Goldstein sold 360,000 shares of Las Vegas Sands stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $63.05, for a total transaction of $22,698,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 2,100,000 shares of company stock valued at $126,218,200 over the last three months. 1.20% of the stock is owned by corporate insiders.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th will be given a $0.25 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.5%. Las Vegas Sands’s payout ratio is 45.25%.

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.