Seaport Res Ptn Comments on Las Vegas Sands FY2024 Earnings

Las Vegas Sands Corp. (NYSE:LVS) – Equities research analysts at Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for shares of Las Vegas Sands in a research note issued on Sunday, January 26th. Seaport Res Ptn analyst V. Umansky now anticipates that the casino operator will post earnings per share of $2.34 for the year, down from their previous estimate of $2.39. The consensus estimate for Las Vegas Sands’ current full-year earnings is $2.36 per share. Seaport Res Ptn also issued estimates for Las Vegas Sands’ Q4 2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $2.80 EPS, FY2026 earnings at $3.36 EPS and FY2027 earnings at $3.75 EPS.

LVS has been the subject of a number of other research reports. Susquehanna raised their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and raised their price target for the company from $60.00 to $69.00 in a report on Friday, January 3rd. UBS Group upped their price objective on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley reissued an “equal weight” rating and issued a $51.00 target price (down previously from $54.00) on shares of Las Vegas Sands in a report on Tuesday, January 14th. Finally, Stifel Nicolaus upped their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus target price of $60.33.

Las Vegas Sands Stock Up 0.7 %

Shares of NYSE:LVS opened at $43.52 on Tuesday. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The firm’s 50-day simple moving average is $50.06 and its 200-day simple moving average is $46.72. The company has a market cap of $31.55 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.00 and a beta of 1.09.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors have recently added to or reduced their stakes in LVS. Wilmington Savings Fund Society FSB acquired a new position in shares of Las Vegas Sands during the 3rd quarter valued at $26,000. CVA Family Office LLC raised its position in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the period. UMB Bank n.a. lifted 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 worth $30,000 after purchasing an additional 247 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Las Vegas Sands during the third quarter worth about $34,000. Finally, GAMMA Investing LLC boosted its position in shares of Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after buying an additional 243 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares in the company, valued at $3,129,724. The trade was a 28.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by company insiders.

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.