Zacks Research Predicts Las Vegas Sands FY2027 Earnings

Las Vegas Sands Corp. (NYSE:LVS - Free Report) - Analysts at Zacks Research cut their FY2027 EPS estimates for Las Vegas Sands in a research report issued on Wednesday, May 7th. Zacks Research analyst H. Ray now anticipates that the casino operator will post earnings of $2.79 per share for the year, down from their prior estimate of $3.22. The consensus estimate for Las Vegas Sands' current full-year earnings is $2.60 per share.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.95 billion. Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS.

LVS has been the topic of a number of other research reports. Barclays cut their price objective on shares of Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Macquarie cut their price objective on shares of Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus set a $57.00 price objective on shares of Las Vegas Sands and gave the stock a "buy" rating in a research report on Thursday, April 24th. Citigroup boosted their price objective on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. cut 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 research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $56.75.

Las Vegas Sands Stock Up 0.7%

Shares of LVS stock traded up $0.29 during trading on Monday, reaching $42.43. The company's stock had a trading volume of 3,978,622 shares, compared to its average volume of 6,115,641. The business has a fifty day moving average price of $37.67 and a 200-day moving average price of $44.55. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. The company has a market cap of $29.98 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99. Las Vegas Sands has a one year low of $30.18 and a one year high of $56.61.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Tuesday, May 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Tuesday, May 6th. Las Vegas Sands's dividend payout ratio (DPR) is currently 55.56%.

Las Vegas Sands declared that its Board of Directors has authorized a stock buyback plan on Wednesday, April 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the casino operator to purchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Institutional Trading of Las Vegas Sands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its position in shares of Las Vegas Sands by 26.5% in the fourth quarter. Capital Research Global Investors now owns 58,824,289 shares of the casino operator's stock valued at $3,021,205,000 after purchasing an additional 12,304,533 shares during the period. Vanguard Group Inc. raised its position in shares of Las Vegas Sands by 5.8% in the first quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator's stock valued at $1,593,457,000 after purchasing an additional 2,267,307 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Las Vegas Sands by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,722,816 shares of the casino operator's stock valued at $607,373,000 after purchasing an additional 592,321 shares during the period. Janus Henderson Group PLC raised its position in shares of Las Vegas Sands by 55.7% in the fourth quarter. Janus Henderson Group PLC now owns 14,218,581 shares of the casino operator's stock valued at $730,295,000 after purchasing an additional 5,088,095 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Las Vegas Sands by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator's stock valued at $709,300,000 after purchasing an additional 160,711 shares during the period. 39.16% of the stock is owned by institutional investors.

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.