Analyst Upgrades Las Vegas Sands FY2025 EPS Forecast to $3.03

Las Vegas Sands Corp. (NYSE:LVS) has received an upgrade in its earnings forecast for the fiscal year 2025, according to a research note from equities firm Seaport Res Ptn. Analyst V. Umansky revised his estimate, projecting earnings of $3.03 per share, an increase from the previous estimate of $2.96. This adjustment comes as the consensus estimate for the casino operator’s current full-year earnings stands at $2.60 per share.

In addition to the fiscal year upgrade, Seaport Res Ptn anticipates that Las Vegas Sands will report earnings of $0.87 per share for the fourth quarter of 2025. The company last disclosed its earnings results on October 22, 2023, where it reported earnings of $0.78 per share for the quarter, surpassing analysts’ expectations of $0.62 by $0.16. The firm’s revenue for that period reached $3.33 billion, significantly above the consensus estimate of $3.04 billion, marking a 24.2% increase compared to the same quarter last year.

Analysts React with Target Price Adjustments

Several research firms have recently updated their evaluations of Las Vegas Sands. JPMorgan Chase & Co. raised its target price for the stock from $60.00 to $70.00, rating it as “overweight.” Similarly, Zacks Research upgraded the company from a “hold” rating to a “strong-buy” rating. On November 18, 2023, Wells Fargo & Company initiated coverage, assigning an “equal weight” rating with a target price of $66.00. Macquarie and Susquehanna also adjusted their price targets to $64.00 and $63.00, respectively.

Overall, analysts have provided a balanced outlook on the company, with two equity research analysts rating it as a Strong Buy, ten assigning a Buy rating, and six opting for a Hold rating. According to data from MarketBeat.com, Las Vegas Sands holds an average rating of “Moderate Buy” with a consensus target price of $65.60.

Current Stock Performance and Insider Activity

As of Tuesday, the stock opened at $68.45, reflecting a slight decline of 1.5%. With a market capitalization of $46.28 billion, the company maintains a P/E ratio of 30.97 and a P/E/G ratio of 1.62. Additionally, Las Vegas Sands has seen a one-year low of $30.18 and a high of $70.45, indicating significant price volatility over the past year.

Amid these developments, insider trading activity has also been notable. D. Zachary Hudson, Executive Vice President, sold 100,000 shares on November 7, 2023, at an average price of $64.99, totaling $6,499,000. Following this transaction, Hudson retained 13,735 shares valued at approximately $892,637.65. Furthermore, Chief Financial Officer Randy Hyzak sold 57,545 shares on November 25, 2023, for a total of $3,823,865.25. Over the last three months, insiders have sold a total of 2,157,545 shares, amounting to $130,042,065.

Las Vegas Sands Dividend Announcement

In additional news, Las Vegas Sands declared a quarterly dividend of $0.25 per share, which was distributed on November 12, 2023. Shareholders on record as of November 4 received this dividend, translating to an annualized dividend of $1.00 and a yield of 1.5%. The company’s dividend payout ratio stands at 45.25%.

Las Vegas Sands Corp., through its subsidiaries, operates integrated resorts in Macao and Singapore, including notable properties such as The Venetian Macao Resort Hotel and Marina Bay Sands. The company continues to be a significant player in the global gaming and hospitality industry, with ongoing strategic adjustments expected to influence its market position in the coming years.