In the last trading session, 1.5 million Las Vegas Sands Corp (NYSE:LVS) shares changed hands as the company’s beta touched 1.12. With the company’s per share price at $51.95 changed hands at $0.12 or 0.23% during last session, the market valuation stood at $38.26B. LVS’s last price was a discount, traded about -7.12% off its 52-week high of $55.65. The share price had its 52-week low at $36.62, which suggests the last value was 29.51% up since then. When we look at Las Vegas Sands Corp’s average trading volume, we note the 10-day average is 9.76 million shares, with the 3-month average coming to 6.54 million.
Analysts gave the Las Vegas Sands Corp (LVS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended LVS as a Hold, 13 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 0.54.
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Las Vegas Sands Corp (NYSE:LVS) trade information
Instantly LVS was in green as seen at the end of in last trading. With action 15.91%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 5.57%, with the 5-day performance at 15.91% in the green. However, in the 30-day time frame, Las Vegas Sands Corp (NYSE:LVS) is 34.30% up. Looking at the short shares, we see there were 15.01 million shares sold at short interest cover period of 2.4 days.
The consensus price target for the stock as assigned by Wall Street analysts is 57, meaning bulls need an upside of 8.86% from its current market value. According to analyst projections, LVS’s forecast low is 40 with 70 as the target high. To hit the forecast high, the stock’s price needs a -34.74% plunge from its current level, while the stock would need to tank 23.0% 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 -3.73% over the past 6 months, a 29.63% in annual growth rate that is considerably higher than the industry average of 6.00%. Year-over-year growth is forecast to reach 10.10% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 2.78B. 13 analysts are of the opinion that Las Vegas Sands Corp’s revenue for the current quarter will be 2.89B. The company’s revenue for the corresponding quarters a year ago was 2.73B and 2.92B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.70%. The estimates for the next quarter sales put growth at -0.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -12.26%. The 2024 estimates are for Las Vegas Sands Corp earnings to increase by 29.19%, but the outlook for the next 5-year period is at 13.27% per year.
LVS Dividends
Las Vegas Sands Corp is expected to release its next quarterly earnings report on 2024-Oct-16. The 1.54% annual yield figure for the share gives it an annual dividend of 0.80. It is important to note, however, that the 1.54% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.75 per year.
Las Vegas Sands Corp (NYSE:LVS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 52.58% of Las Vegas Sands Corp shares while 47.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.75%. There are 47.30% institutions holding the Las Vegas Sands Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 5.6676% of the shares, roughly 42.51 million LVS shares worth $1.88 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.7335% or 28.0 million shares worth $1.24 billion as of 2024-06-30.
