Las Vegas Sands FY2024 EPS Decreased by Seaport Res Ptn

Las Vegas Sands Corp. (NYSE:LVS) – Research analysts at Seaport Res Ptn decreased their FY2024 earnings per share (EPS) 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 earn $2.34 per share for the year, down from their previous forecast 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.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%.

A number of other brokerages also recently issued reports on LVS. Morgan Stanley reissued an “equal weight” rating and set a $51.00 price objective (down from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Susquehanna lifted their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. decreased their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Finally, UBS Group upped their price target on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus target price of $60.33.

Las Vegas Sands Price Performance

LVS stock opened at $43.52 on Tuesday. Las Vegas Sands has a 52-week low of $36.62 and a 52-week high of $56.60. The business has a fifty day moving average of $50.06 and a two-hundred day moving average of $46.72. The stock has a market cap of $31.55 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction dated 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 sale, the chief executive officer now directly owns 60,187 shares of the company’s stock, 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 corporate insiders.

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVS. Wilmington Savings Fund Society FSB purchased a new stake in shares of Las Vegas Sands during the 3rd quarter worth approximately $26,000. CVA Family Office LLC raised its stake in Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares in the last quarter. UMB Bank n.a. lifted its position in Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 247 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Las Vegas Sands in the third quarter valued at $34,000. Finally, GAMMA Investing LLC grew its holdings in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

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.