Las Vegas Sands (NYSE:LVS) Posts Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Las Vegas Sands (NYSE:LVS) announced its earnings results on Wednesday. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.14), FiscalAI reports. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.33 billion.

Here are the key takeaways from Las Vegas Sands’ conference call:

• High-end demand softened in both Singapore and Macao during the quarter, which management attributed to a range of macroeconomic and global factors, lower visitation by wealthy patrons, and unfavorable gaming hold.
• Marina Bay Sands generated $590 million of EBITDA, and management continues to view the property as having a $2.7 billion–$2.8 billion annualized EBITDA run rate despite the quarter’s aberrational results and expects its new Singapore development to open in early 2031, subject to approvals.
• Sands China gained share in Macao, with mass gaming revenue share reaching 26.1%; gaming volumes increased across all segments, including 31% growth in rolling volume, 11% in non-rolling drop, and 26% in slot ETG handle.
• Macao operating expenses remain elevated because of additional gaming staff, sales and marketing investment, and enhanced customer service, although management said fixed expenses are now largely stable and expects greater operating leverage as revenue grows.
• The company repurchased $950 million of LVS shares during the quarter and raised its quarterly dividend 20% to $0.36 beginning in the first quarter of 2027; management said buybacks will remain the larger component of capital returns while maintaining its investment-grade balance sheet.

Las Vegas Sands Stock Down 1.8%

Shares of Las Vegas Sands stock traded down $0.70 during midday trading on Wednesday, hitting $37.47. The company had a trading volume of 6,062,878 shares, compared to its average volume of 5,088,427. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market capitalization of $24.27 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.94 and a beta of 0.78. The company has a 50 day moving average of $41.40 and a 200 day moving average of $46.98. Las Vegas Sands has a 52-week low of $35.28 and a 52-week high of $70.45.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group set a $52.00 price objective on Las Vegas Sands in a report on Thursday, July 2nd. JPMorgan Chase & Co. dropped their target price on shares of Las Vegas Sands from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday. Wall Street Zen cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. The Goldman Sachs Group reduced their target price on shares of Las Vegas Sands from $55.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Finally, Bank of America decreased their price target on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus price target of $57.69.

About Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.