Seaport Res Ptn Lifts Earnings Estimates for Las Vegas Sands

Key Points

• Seaport Res Ptn raised their FY2025 earnings per share estimate for Las Vegas Sands to $2.67, reflecting optimism compared to the previous forecast of $2.39.
• The company's quarterly earnings exceeded expectations, reporting $0.79 EPS against a consensus of $0.53, while revenues were up 15% year-over-year at $3.18 billion.
• Las Vegas Sands announced a stock buyback program authorizing the purchase of up to $2 billion in shares, signaling belief that the stock is undervalued.

Las Vegas Sands Corp. (NYSE:LVS - Free Report) - Stock analysts at Seaport Res Ptn raised their FY2025 earnings per share (EPS) estimates for Las Vegas Sands in a research report issued to clients and investors on Thursday, July 24th. Seaport Res Ptn analyst V. Umansky now expects that the casino operator will post earnings per share of $2.67 for the year, up from their previous forecast of $2.39. The consensus estimate for Las Vegas Sands' current full-year earnings is $2.60 per share. Seaport Res Ptn also issued estimates for Las Vegas Sands' FY2026 earnings at $3.00 EPS and FY2027 earnings at $3.48 EPS.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a return on equity of 51.16% and a net margin of 12.16%. The firm had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period last year, the business posted $0.55 earnings per share. The company's revenue for the quarter was up 15.0% compared to the same quarter last year.

Several other research analysts have also recently weighed in on the company. Macquarie lifted their price target on Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research report on Thursday. Morgan Stanley lifted their price target on Las Vegas Sands from $45.00 to $47.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Bank of America boosted their price objective on Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on Las Vegas Sands from $47.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, UBS Group lifted their price target on Las Vegas Sands from $43.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and an average target price of $57.50.

Las Vegas Sands Stock Up 4.3%

Shares of LVS stock opened at $50.77 on Friday. The stock has a 50 day moving average of $44.28 and a 200 day moving average of $42.12. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.58. The stock has a market cap of $35.88 billion, a P/E ratio of 25.64, a P/E/G ratio of 2.45 and a beta of 1.03. Las Vegas Sands has a twelve month low of $30.18 and a twelve month high of $56.60.

Las Vegas Sands announced that its Board of Directors has authorized a stock buyback program on Wednesday, April 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the casino operator to buy up to 8.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.97%. Las Vegas Sands's dividend payout ratio is currently 55.56%.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. purchased a new stake in shares of Las Vegas Sands in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Las Vegas Sands in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator's stock worth $38,000 after purchasing an additional 239 shares during the period. Center for Financial Planning Inc. purchased a new stake in Las Vegas Sands during the 1st quarter worth about $42,000. Finally, Hilltop National Bank purchased a new stake in Las Vegas Sands during the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 39.16% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.