In the last trading session, 7.6 million shares of the Las Vegas Sands Corp. (NYSE:LVS) were traded, and its beta was 1.17. Most recently the company’s share price was $55.71, and it changed around -$3.78 or -6.35% from the last close, which brings the market valuation of the company to $42.68B. LVS currently trades at a discount to its 52-week high of $65.58, offering almost -17.72% off that amount. The share price’s 52-week low was $30.14, which indicates that the current value has risen by an impressive 45.9% since then. We note from Las Vegas Sands Corp.’s average daily trading volume that its 10-day average is 3.66 million shares, with the 3-month average coming to 4.45 million.
Las Vegas Sands Corp. (NYSE:LVS) trade information
Instantly LVS has showed a red trend with a performance of -6.35% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 61.15 on Tuesday, 05/23/23 increased the stock’s daily price by 8.9%. The company’s shares are currently up 15.89% year-to-date, but still down -4.62% over the last five days. On the other hand, Las Vegas Sands Corp. (NYSE:LVS) is -12.89% down in the 30-day period. We can see from the shorts that 11.24 million shares have been sold at a short interest cover period of 2.31 day(s).
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Las Vegas Sands Corp. (LVS) estimates and forecasts
Las Vegas Sands Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 27.72 percent over the past six months and at a 251.67% annual growth rate that is well above the industry average of 5.00%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 226.50% in revenue this quarter, and will report an increase of 292.60% in the next quarter. The year-over-year growth rate is expected to be 138.50%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $2.34 billion in revenue for the current quarter. 12 analysts expect Las Vegas Sands Corp. to make $2.55 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $1.04 billion and $985.47 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 123.70%. Forecasts for the next quarter put sales growth at 158.70%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -20.00%. Las Vegas Sands Corp. earnings are expected to increase by 7.60% in 2023, but the outlook is negative -1.75% per year for the next five years.
Las Vegas Sands Corp.’s next quarterly earnings report is expected to be released around July 18 and July 24.
Las Vegas Sands Corp. (NYSE:LVS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 56.79% of Las Vegas Sands Corp. shares, and 42.61% of them are in the hands of institutional investors. The stock currently has a share float of 98.62%. Las Vegas Sands Corp. stock is held by 932 institutions, with Price (T.Rowe) Associates Inc being the largest institutional investor. By Mar 30, 2023, it held 4.31% of the shares, which is about 32.94 million shares worth $1.84 billion.
Vanguard Group, Inc. (The), with 4.22% or 32.25 million shares worth $1.8 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
American Balanced Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 30, 2023. The former held 10.8 million shares worth $601.41 million, making up 1.41% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 10.45 million shares worth around $582.19 million, which represents about 1.37% of the total shares outstanding.