In the last trading session, 6.32 million Las Vegas Sands Corp. (NYSE:LVS) shares changed hands as the company’s beta touched 1.46. With the company’s per share price at $53.60 changed hands at -$0.97 or -1.78% during last session, the market valuation stood at $41.83B. LVS’s last price was a discount, traded about -24.55% off its 52-week high of $66.76. The share price had its 52-week low at $42.58, which suggests the last value was 20.56% up since then. When we look at Las Vegas Sands Corp.’s average trading volume, we note the 10-day average is 5.9 million shares, with the 3-month average coming to 5.18 million.
Analysts gave the Las Vegas Sands Corp. (LVS) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.10. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 6 recommended LVS as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Las Vegas Sands Corp.’s EPS for the current quarter is expected to be -$0.13.
Las Vegas Sands Corp. (NYSE:LVS) trade information
Instantly LVS was in red as seen at the end of in last trading. With action -1.27%, the performance over the past five days has been red. The drop to weekly highs of 55.60 on Tuesday, 06/22/21 subtracted -1.78% to the stock’s daily price. The company’s shares are showing year-to-date downside of -10.07%, with the 5-day performance at -1.27% in the red. However, in the 30-day time frame, Las Vegas Sands Corp. (NYSE:LVS) is -7.14% down. Looking at the short shares, we see there were 10.62 million shares sold at short interest cover period of 1.95 days.
The consensus price target for the stock as assigned by Wall Street analysts is $68.32, meaning bulls need an upside of 21.55% from its current market value. According to analyst projections, LVS’s forecast low is $54.00 with $83.50 as the target high. To hit the forecast high, the stock’s price needs a -55.78% plunge from its current level, while the stock would need to soar -0.75% for it to hit the projected low.
Las Vegas Sands Corp. (LVS) estimates and forecasts
Data shows that the Las Vegas Sands Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -6.67% over the past 6 months, a 98.58% in annual growth rate that is considerably higher than the industry average of 31.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Las Vegas Sands Corp. will rise 87.60%, while the growth in revenue is estimated to hit 122.40% for the next quarter. Year-over-year growth is forecast to reach 99.00% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $1.45 billion. 9 analysts are of the opinion that Las Vegas Sands Corp.’s revenue for the quarter ending Sep 2021 will be $2 billion. The company’s revenue for the corresponding quarters a year ago was $98 million and $586 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1,381.20%. The estimates for the next quarter sales put growth at 240.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -23.70%. The 2021 estimates are for Las Vegas Sands Corp. earnings to decrease by -163.00%, but the outlook for the next 5-year period is at -6.25% per year.
Las Vegas Sands Corp. is expected to release its next quarterly earnings report in July.
Las Vegas Sands Corp. (NYSE:LVS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 56.70% of Las Vegas Sands Corp. shares while 40.35% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.19%. There are 40.35% institutions holding the Las Vegas Sands Corp. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 3.46% of the shares, roughly 26.45 million LVS shares worth $1.61 billion.
Price (T.Rowe) Associates Inc holds the second largest percentage of outstanding shares, with 2.93% or 22.38 million shares worth $1.36 billion as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 10.76 million shares estimated at $653.95 million under it, the former controlled 1.41% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 0.88% of the shares, roughly 6.73 million shares worth around $408.66 million.