FY2027 EPS Estimate for Las Vegas Sands Lowered by Analyst

Las Vegas Sands Corp. (NYSE:LVS) – 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 forecasts that the casino operator will post earnings of $3.01 per share for the year, down from their prior 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.

LVS has been the subject of several other research reports. HSBC reduced their price objective on shares of Las Vegas Sands from $78.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. HC Wainwright downgraded shares of Las Vegas Sands to a “neutral” rating in a report on Thursday, July 30th. Citigroup started coverage on shares of Las Vegas Sands in a report on Monday, October 12th. They issued a “buy” rating and a $71.50 target price on the stock. Bank of America cut their target price on shares of Las Vegas Sands from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, October 22nd. Finally, The Goldman Sachs Group set a $41.00 target price on shares of Las Vegas Sands in a report on Thursday, October 22nd. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.28.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $40.76 on Monday. 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 company’s 50-day moving average price is $39.12 and its two-hundred day moving average price is $48.35. Las Vegas Sands has a 52 week low of $35.03 and a 52 week high of $70.45. The stock has a market cap of $25.56 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.95 and a beta of 0.78.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share 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 the consensus estimate 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 EPS.

Institutional Investors Weigh In On Las Vegas Sands

A number of large investors have recently made changes to their positions in the company. State Street Corp boosted its stake in Las Vegas Sands by 6.5% in the 2nd quarter. State Street Corp now owns 15,159,570 shares of the casino operator’s stock worth $700,221,000 after purchasing an additional 919,452 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Las Vegas Sands by 4.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock valued at $462,450,000 after purchasing an additional 396,705 shares during the period. Allianz Asset Management GmbH raised its stake in Las Vegas Sands by 36.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 4,617,148 shares of the casino operator’s stock valued at $213,266,000 after purchasing an additional 1,244,943 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Las Vegas Sands by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator’s stock worth $203,616,000 after buying an additional 90,690 shares during the period. Finally, Bamco Inc. NY acquired a new stake in shares of Las Vegas Sands in the second quarter worth $174,796,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Monday, November 2nd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, November 2nd. Las Vegas Sands’s dividend payout ratio (DPR) is 49.18%.

About Las Vegas Sands

Las Vegas Sands is a global developer and operator of integrated resorts, combining casino gaming with hotels, dining, shopping, entertainment and convention facilities. The company’s properties include Marina Bay Sands in Singapore and several resorts in Macau, such as The Venetian Macao, The Londoner Macao and The Parisian Macao. Founded by Sheldon Adelson, the company helped popularize the integrated-resort model with The Venetian Resort in Las Vegas, which opened in 1999. Las Vegas Sands sold its Las Vegas properties in 2022 and now focuses its resort operations on Macau and Singapore.