Analysts’ Weekly Ratings Updates for Las Vegas Sands (LVS)

Las Vegas Sands (NYSE: LVS) recently received a number of ratings updates from brokerages and research firms:

• 7/11/2024 – Las Vegas Sands had its price target lowered by analysts at Jefferies Financial Group Inc. from $53.00 to $47.00. They now have a “hold” rating on the stock.
• 7/9/2024 – Las Vegas Sands had its price target lowered by analysts at Macquarie from $60.00 to $58.00. They now have an “outperform” rating on the stock.
• 7/9/2024 – Las Vegas Sands had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $62.00 to $61.00. They now have a “buy” rating on the stock.
• 7/2/2024 – Las Vegas Sands had its price target lowered by analysts at Wells Fargo & Company from $60.00 to $58.00. They now have an “overweight” rating on the stock.
• 6/7/2024 – Las Vegas Sands had its price target lowered by analysts at Barclays PLC from $59.00 to $57.00. They now have an “overweight” rating on the stock.

Las Vegas Sands Stock Performance

LVS stock traded up $0.40 during midday trading on Friday, reaching $42.72. The company had a trading volume of 934,161 shares, compared to its average volume of 5,322,678. The firm has a market capitalization of $31.83 billion, a PE ratio of 20.64, a P/E/G ratio of 0.74 and a beta of 1.12. The stock has a 50 day moving average price of $44.61 and a 200 day moving average price of $48.59. Las Vegas Sands Corp. has a fifty-two week low of $41.17 and a fifty-two week high of $61.25. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Analysts anticipate that Las Vegas Sands Corp. will post 2.69 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.87%. The ex-dividend date was Monday, May 6th. Las Vegas Sands’s payout ratio is currently 38.65%.

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors have recently bought and sold shares of LVS. Simplicity Wealth LLC raised its holdings in shares of Las Vegas Sands by 1.0% in the 2nd quarter. Simplicity Wealth LLC now owns 81,843 shares of the casino operator’s stock worth $3,622,000 after purchasing an additional 805 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Las Vegas Sands by 7.6% during the 2nd quarter. Park Avenue Securities LLC now owns 18,684 shares of the casino operator’s stock valued at $827,000 after acquiring an additional 1,324 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Las Vegas Sands by 28.1% during the 2nd quarter. Mather Group LLC. now owns 2,034 shares of the casino operator’s stock worth $90,000 after acquiring an additional 446 shares in the last quarter. Bank & Trust Co acquired a new position in shares of Las Vegas Sands in the 2nd quarter worth $29,000. Finally, DNB Asset Management AS raised its position in shares of Las Vegas Sands by 47.9% during the second quarter. DNB Asset Management AS now owns 696,033 shares of the casino operator’s stock worth $30,799,000 after purchasing an additional 225,266 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

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.