Q4 2022 EPS Estimates for Las Vegas Sands Corp. (NYSE:LVS) Decreased by Jefferies Financial Group
Las Vegas Sands Corp. (NYSE:LVS – Get Rating) – Analysts at Jefferies Financial Group reduced their Q4 2022 EPS estimates for Las Vegas Sands in a research note issued to investors on Thursday, April 28th. Jefferies Financial Group analyst D. Katz now anticipates that the casino operator will post earnings of $0.27 per share for the quarter, down from their prior forecast of $0.35. Jefferies Financial Group also issued estimates for Las Vegas Sands’ Q2 2023 earnings at $0.40 EPS and Q3 2023 earnings at $0.43 EPS.
A number of other research firms have also commented on LVS. Wells Fargo & Company raised their price objective on shares of Las Vegas Sands from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, January 27th. StockNews.com assumed coverage on shares of Las Vegas Sands in a research report on Thursday, March 31st. They set a “sell” rating for the company. UBS Group upgraded shares of Las Vegas Sands from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, January 19th. Stifel Nicolaus decreased their price target on shares of Las Vegas Sands from $56.00 to $46.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Las Vegas Sands from $60.00 to $53.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $49.54.
NYSE LVS opened at $35.68 on Friday. The stock has a market cap of $27.26 billion, a P/E ratio of -28.32 and a beta of 1.31. The firm’s 50-day simple moving average is $38.55 and its 200 day simple moving average is $39.66. Las Vegas Sands has a fifty-two week low of $31.26 and a fifty-two week high of $62.85. The company has a quick ratio of 2.14, a current ratio of 2.15 and a debt-to-equity ratio of 6.55.Las Vegas Sands (NYSE:LVS – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.16). Las Vegas Sands had a negative return on equity of 33.44% and a negative net margin of 22.70%. The business had revenue of $943.00 million for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. The business’s quarterly revenue was down 21.2% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of LVS. NEXT Financial Group Inc grew its stake in shares of Las Vegas Sands by 68.0% in the 4th quarter. NEXT Financial Group Inc now owns 877 shares of the casino operator’s stock valued at $33,000 after buying an additional 355 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Las Vegas Sands in the first quarter worth $39,000. Desjardins Global Asset Management Inc. acquired a new position in Las Vegas Sands during the fourth quarter worth $40,000. Confluence Wealth Services Inc. bought a new position in Las Vegas Sands during the fourth quarter valued at about $40,000. Finally, Bessemer Group Inc. raised its position in shares of Las Vegas Sands by 54.7% in the fourth quarter. Bessemer Group Inc. now owns 1,142 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 404 shares during the period. Hedge funds and other institutional investors own 34.33% of the company’s stock.
About Las Vegas Sands (Get Rating)
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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.
