Zacks Research Predicts Reduced Earnings for Las Vegas Sands

Las Vegas Sands Corp. (NYSE:LVS) – Research analysts at Zacks Research dropped their FY2027 earnings estimates for shares of Las Vegas Sands in a research report issued on Wednesday, May 7th. Zacks Research analyst H. Ray now anticipates that the casino operator will earn $2.79 per share for the year, down from their previous 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) last released its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Las Vegas Sands had a net margin of 12.80% and a return on equity of 45.82%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the previous year, the company earned $0.78 EPS. Las Vegas Sands’s revenue for the quarter was down 3.3% compared to the same quarter last year.

Several other research firms have also commented on LVS. JPMorgan Chase & Co. reduced their price target on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Mizuho set a $47.00 price target on Las Vegas Sands in a research report on Thursday, April 24th. Barclays lowered their price target on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.75.

Las Vegas Sands Price Performance

NYSE LVS opened at $39.80 on Monday. Las Vegas Sands has a 52 week low of $30.18 and a 52 week high of $56.61. The firm has a market capitalization of $28.12 billion, a P/E ratio of 20.20, a PEG ratio of 1.41 and a beta of 0.99. 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 50-day moving average price of $37.97 and a 200-day moving average price of $44.86.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors have recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in shares of Las Vegas Sands during the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Las Vegas Sands during the third quarter valued at $26,000. UMB Bank n.a. increased its stake in shares of Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after buying an additional 247 shares during the period. Optiver Holding B.V. purchased a new position in shares of Las Vegas Sands during the fourth quarter valued at $32,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Las Vegas Sands during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.51%. Las Vegas Sands’s dividend payout ratio is currently 55.56%.

Las Vegas Sands declared that its Board of Directors has approved a stock repurchase plan on Wednesday, April 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the casino operator to reacquire up to 8.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

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.