Zacks Research Forecasts Weaker Earnings for Las Vegas Sands

Las Vegas Sands Corp. (NYSE:LVS) – Analysts at Zacks Research cut their FY2027 earnings per share (EPS) estimates for Las Vegas Sands in a research note issued on Wednesday, November 4th. Zacks Research analyst Team now forecasts that the casino operator will post earnings of $3.01 per share for the year, down from their prior forecast of $3.49. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.81 per share. Zacks Research also issued estimates for Las Vegas Sands’ FY2028 earnings at $3.35 EPS.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, October 21st. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). Las Vegas Sands had a net margin of 11.85% and a return on equity of 177.43%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year.

LVS has been the subject of a number of other reports. Citigroup assumed coverage on Las Vegas Sands in a research note on Monday, October 12th. They issued a “buy” rating and a $71.50 price target for the company. Wells Fargo & Company reduced their price objective on shares of Las Vegas Sands from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 22nd. JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Seaport Research Partners cut their target price on shares of Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $62.00 target price (down from $73.00) on shares of Las Vegas Sands in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.28.

Las Vegas Sands Price Performance

Shares of LVS opened at $40.31 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 15.27. Las Vegas Sands has a 1 year low of $35.03 and a 1 year high of $70.45. The stock has a market cap of $25.27 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 0.95 and a beta of 0.78. The stock’s 50-day moving average price is $39.18 and its two-hundred day moving average price is $48.45.

Institutional Trading of Las Vegas Sands

A number of large investors have recently bought and sold shares of LVS. Root Financial Partners LLC bought a new stake in shares of Las Vegas Sands during the third quarter worth $32,000. Geneos Wealth Management Inc. lifted its position in Las Vegas Sands by 73.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock valued at $48,000 after acquiring an additional 375 shares in the last quarter. Center for Financial Planning Inc. lifted its position in Las Vegas Sands by 24.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,788 shares of the casino operator’s stock valued at $68,000 after acquiring an additional 348 shares in the last quarter. Covestor Ltd lifted its position in Las Vegas Sands by 174.6% in the 2nd quarter. Covestor Ltd now owns 1,634 shares of the casino operator’s stock valued at $75,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Las Vegas Sands in the 2nd quarter worth $86,000. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Monday, November 2nd will be given a $0.30 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. Las Vegas Sands’s payout ratio is currently 49.18%.

About Las Vegas Sands