Las Vegas Sands Corp. (NYSE:LVS) Overview: A Look at the Integrated Resorts Industry Leader
Las Vegas Sands Corp. (NYSE:LVS) is a major player in the integrated resorts industry, operating luxurious properties in Asia and the United States. Known for its high-end accommodations and gaming facilities, LVS owns iconic properties like The Venetian Macao and Marina Bay Sands. The company competes with other giants in the hospitality and gaming sectors, such as MGM Resorts and Wynn Resorts.
The consensus price target for LVS stock has seen a shift over the past year. A year ago, analysts set an average price target of $54.27, reflecting a more optimistic outlook. However, recent quarters have seen this target decrease to $45, indicating a more cautious stance. This change could be due to various factors, including market conditions and company performance.
Despite the recent decline in the consensus price target, LVS experienced a 9.9% surge in its share price in the latest trading session, with trading volume exceeding the average. This suggests increased investor interest, as highlighted by UBS analyst Robin Farley, who has set a price target of $53 for the stock. This reflects optimism about LVS's potential for future growth.
LVS's recent financial performance has been mixed. The company missed its earnings expectations, leading to a 9.3% decline in its stock price since the last earnings report. However, analysts remain optimistic about its future, with expectations of a rebound in the next quarter. The company is expected to benefit from increased room capacity in Macao and Marina Bay Sands, potentially boosting gaming revenues.
Investors should keep an eye on company announcements, earnings reports, and updates on operations in key markets like Macao and Singapore. These factors could provide further insights into LVS's future prospects and potential impacts on its stock price. Despite macroeconomic challenges, the current share price is seen as overly pessimistic, with the price-to-sales ratio indicating that the stock is undervalued.
| Symbol | Price | %chg |
|---|---|---|
| 035250.KS | 16510 | 0 |
| 034230.KS | 12480 | 0 |
| 034230.KQ | 10240 | 0 |
| 114090.KS | 12280 | 0 |
Las Vegas Sands (NYSE:LVS) Q4 Earnings Overview
- LVS reported an EPS of $0.54, missing the Zacks Consensus Estimate.
- The company generated revenue of approximately $2.896 billion, surpassing estimates.
- LVS's financial health is indicated by a P/E ratio of approximately 21.08 and a debt-to-equity ratio of roughly 4.09.
Las Vegas Sands (NYSE:LVS) is a prominent player in the global integrated resort industry, known for its luxury properties in Asia and the United States. The company operates iconic resorts such as Marina Bay Sands in Singapore and several properties in Macao. As a leader in the hospitality and gaming sector, LVS competes with other major companies like MGM Resorts and Wynn Resorts.
On January 29, 2025, LVS reported its earnings for the fourth quarter of 2024. The company achieved an earnings per share (EPS) of $0.54, which was below the Zacks Consensus Estimate of $0.60. This performance also marked a decline from the $0.57 EPS reported in the same quarter the previous year. Despite this, LVS generated revenue of approximately $2.896 billion, surpassing the estimated $2.853 billion.
The company's financial results for the quarter included a net income of $392 million and a consolidated adjusted property EBITDA of $1.11 billion. In Macao, the adjusted property EBITDA was $571 million, although it faced a $22 million negative impact due to a low hold on rolling play. Conversely, Marina Bay Sands experienced a $2 million positive impact, with an adjusted property EBITDA of $537 million, due to a high hold on rolling play.
LVS's financial metrics provide further insight into its valuation and financial health. The company has a price-to-earnings (P/E) ratio of approximately 21.08, indicating the price investors are willing to pay for each dollar of earnings. Its price-to-sales ratio stands at about 2.78, suggesting the market values its sales at nearly three times its revenue. The enterprise value to sales ratio is around 3.65, reflecting the company's total valuation relative to its sales.
Additionally, LVS has a debt-to-equity ratio of roughly 4.09, indicating a higher level of debt compared to equity. The current ratio is approximately 0.90, suggesting the company's ability to cover its short-term liabilities with its short-term assets. During the quarter, LVS repurchased $450 million of its common stock and acquired $250 million of SCL stock, demonstrating its commitment to executing strategic objectives.
Las Vegas Sands Falls Short of Q3 Expectations
Las Vegas Sands (NYSE:LVS) reported third-quarter earnings that missed analyst estimates, driven by declining revenue and operational challenges. The casino operator posted adjusted earnings per share of $0.44, falling short of the expected $0.54. Revenue dropped to $2.68 billion, below the projected $2.79 billion, and down from $2.80 billion in the same quarter last year.
The company's results were impacted by weaker performance in Singapore and disruptions from ongoing development in Macao. Revenue at Marina Bay Sands in Singapore fell to $919 million, down from $1.02 billion a year ago, largely due to low hold on rolling play, which negatively affected adjusted property EBITDA by $78 million.
In Macao, net revenue saw a slight decline, coming in at $1.77 billion compared to $1.79 billion in the same period last year. Las Vegas Sands noted that visitation to Macao remains below pre-pandemic levels, though the recovery is ongoing.
Consolidated adjusted property EBITDA decreased to $991 million from $1.12 billion in the prior year, reflecting the challenges the company faced across its key markets. Despite the shortfalls, Las Vegas Sands emphasized its commitment to executing its strategic objectives as the business navigates the ongoing recovery.
Las Vegas Sands Shares Drop 3% Despite Better Than Expected Q1 Results
Las Vegas Sands (NYSE:LVS) shares fell more than 3% pre-market today despite the company exceeding analyst expectations in its first-quarter financial report, with earnings per share of $0.75 surpassing the anticipated $0.61. The company's revenue reached $2.96 billion, slightly ahead of the expected $2.94 billion.
Adjusted property EBITDA saw a significant year-over-year increase of 53%, reaching $1.21 billion and beating forecasts of $1.19 billion. Despite an increase in capital expenditures to $196 million, up 18% from the previous year, this was much lower than the forecasted $322.5 million. During the quarter, the company also repurchased about $450 million of its common stock. Chairman and CEO Robert G. Goldstein expressed satisfaction with the results, noting strong performance in Macao and Singapore. He emphasized the company's commitment to driving growth in these markets through substantial capital investment programs.
