Zacks Research Lowers Earnings Estimates for Las Vegas Sands

Key Points

• Zacks Research cut its FY2027 EPS estimate for Las Vegas Sands to $3.01 from $3.49 and rates the stock “Strong Sell”; it also forecasts FY2028 EPS of $3.35.
• Las Vegas Sands’ latest quarter fell short of expectations, with EPS of $0.54 versus $0.68 forecast and revenue of $3.22 billion versus $3.33 billion expected. Revenue declined 3.5% year over year.
• Analyst views are mixed: MarketBeat reports an overall “Hold” consensus and a $53.28 average price target, while the company declared a quarterly dividend of $0.30 per share.

Las Vegas Sands Corp. (NYSE:LVS - Free Report) - Equities researchers at Zacks Research dropped their FY2027 earnings per share estimates for shares of Las Vegas Sands in a research report issued to clients and investors on Wednesday, November 4th. Zacks Research analyst Team now anticipates that the casino operator will post earnings per share of $3.01 for the year, down from their previous estimate 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.14). The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a net margin of 11.85% and a return on equity of 177.43%. The company's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS.

Several other research analysts have also issued reports on LVS. HC Wainwright lowered shares of Las Vegas Sands to a "neutral" rating in a research note on Thursday, July 30th. Wolfe Research began coverage on shares of Las Vegas Sands in a research note on Wednesday, September 2nd. They set a "peer perform" rating for the company. Wells Fargo & Company cut 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 report on Thursday, October 22nd. Jefferies Financial Group cut their price objective on shares of Las Vegas Sands from $40.00 to $37.00 and set a "hold" rating on the stock in a report on Thursday, October 22nd. Finally, Stifel Nicolaus reduced their price objective on shares of Las Vegas Sands from $54.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, October 22nd. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $53.28.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS opened at $40.79 on Monday. The stock has a market capitalization of $25.57 billion, a P/E ratio of 16.72, a P/E/G ratio of 0.97 and a beta of 0.78. Las Vegas Sands has a 1-year low of $35.03 and a 1-year high of $70.45. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 15.27. The business has a 50-day moving average price of $39.28 and a two-hundred day moving average price of $48.55.

Las Vegas Sands Announces Dividend

The company also recently declared 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, November 2nd. Las Vegas Sands's dividend payout ratio (DPR) is currently 49.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LVS. Root Financial Partners LLC acquired a new stake in Las Vegas Sands during the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. lifted its stake in Las Vegas Sands by 73.4% in the first quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator's stock valued at $48,000 after buying an additional 375 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Las Vegas Sands by 174.6% in the second quarter. Covestor Ltd now owns 1,634 shares of the casino operator's stock valued at $75,000 after buying an additional 1,039 shares during the period. Center for Financial Planning Inc. boosted its holdings in shares of Las Vegas Sands by 24.2% in the third quarter. Center for Financial Planning Inc. now owns 1,788 shares of the casino operator's stock valued at $68,000 after buying an additional 348 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Las Vegas Sands in the second quarter valued at approximately $86,000. Institutional investors own 39.16% of the company's stock.

Trending Headlines about Las Vegas Sands

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Despite LVS lagging the broader market over the past year, Wall Street analysts remain moderately optimistic about its prospects, offering a counterpoint to the recent bearish calls. Do Wall Street Analysts Like Las Vegas Sands Stock?
• Negative Sentiment: Zacks Research lowered its earnings forecasts across several quarters through 2028, including reducing its FY2026 EPS estimate from $3.09 to $2.74, and downgraded LVS from “Hold” to “Strong Sell.” The broad revisions suggest weaker earnings expectations and could pressure investor sentiment. Las Vegas Sands analyst and estimate updates
• Negative Sentiment: A recent valuation article highlights a 21% decline in EBITDA and questions whether LVS shares are above fair value, raising concerns about earnings performance and valuation. Is Las Vegas Sands Above Fair Value After EBITDA Fell 21%?

About Las Vegas Sands

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