In today’s recent session, 1.59 million shares of the Las Vegas Sands Corp (NYSE:LVS) have been traded, and its beta is 1.12. Most recently the company’s share price was $51.54, and it changed around -$0.3 or -0.58% from the last close, which brings the market valuation of the company to $37.96B. LVS at last check was trading at a discount to its 52-week high of $55.65, offering almost -7.97% off that amount. The share price’s 52-week low was $36.62, which indicates that the recent value has risen by an impressive 28.95% since then. We note from Las Vegas Sands Corp’s average daily trading volume that its 10-day average is 10.34 million shares, with the 3-month average coming to 6.73 million.
Las Vegas Sands Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.55. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 5 recommended LVS as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Las Vegas Sands Corp is expected to report earnings per share of 0.54 for the current quarter.
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Las Vegas Sands Corp (NYSE:LVS) trade information
Instantly LVS has been showing red trend so far today with a performance of -0.58% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 54.39 on recent trading dayincreased the stock’s daily price by 5.24%. The company’s shares are currently up 4.73% year-to-date, but still down -0.54% over the last five days. On the other hand, Las Vegas Sands Corp (NYSE:LVS) is 31.21% up in the 30-day period. We can see from the shorts that 15.01 million shares have been sold at a short interest cover period of 2.4 day(s).
The consensus price target as assigned by Wall Street analysts is $57, which translates to bulls needing to increase their stock price by 9.58% from its current value. Analyst projections state that LVS is forecast to be at a low of $40 and a high of $70.
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 fallen -0.62 percent over the past six months and at a 29.63% annual growth rate that is well above the industry average of 7.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -1.80% in revenue this quarter, and will report an increase of 3.50% in the next quarter. The year-over-year growth rate is expected to be 10.10%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 2.78B in revenue for the current quarter. 13 analysts expect Las Vegas Sands Corp to make 2.89B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.73B and 2.92B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.70%. Forecasts for the next quarter put sales growth at -0.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -12.26%. Las Vegas Sands Corp earnings are expected to increase by 29.19% in 2024, but the outlook is positive 14.43% per year for the next five years.
LVS Dividends
Las Vegas Sands Corp’s next quarterly earnings report is expected to be released on 2024-Oct-16. The annual dividend yield of the stock is 1.55 percent and its annual dividend per share was 0.80. It is important to note, however, that the 1.55% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.75 per year.
Las Vegas Sands Corp (NYSE:LVS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 52.58% of Las Vegas Sands Corp shares, and 47.29% of them are in the hands of institutional investors. The stock currently has a share float of 99.73%. Las Vegas Sands Corp stock is held by 905.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 5.6676% of the shares, which is about 42.51 million shares worth $1.88 billion.
BLACKROCK INC., with 3.7335% or 28.0 million shares worth $1.24 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 11.76 shares worth $603.33 million, making up 1.60% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 9.37 shares worth around $480.51 million, which represents about 1.27% of the total shares outstanding.
