Las Vegas Sands (NYSE:LVS) Announces Earnings Results

Las Vegas Sands (NYSE:LVS) posted its quarterly earnings data on Wednesday. The casino operator reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08, FiscalAI reports. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 87.01%. The business’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share.

Here are the key takeaways from Las Vegas Sands’ conference call:

• Marina Bay Sands delivered a record quarter with $806 million EBITDA, helping the company exceed $2.9 billion in EBITDA for the year as mass gaming surged well above pre‑COVID levels.
• Macau generated $608 million EBITDA but margins declined (about 390 bps adjusted) due to a heavier lower‑margin rolling mix, higher OpEx (events and payroll) and lower non‑rolling hold; management says it aims to drive results toward roughly $700 million per quarter and better 2026 performance.
• The company repurchased $500 million of LVS stock, bought $66 million of SCL (raising ownership to 74.8%), and paid a $0.25 quarterly dividend, emphasizing buybacks as a core, accretive capital‑return strategy.
• Management says Macau growth is currently concentrated in premium rolling and premium mass, the promotional environment is intense but appearing to stabilize, and Sands will use targeted incentives, service and product upgrades to capture share.
• Leadership and investment note: Rob Goldstein will become a two‑year senior advisor after 30 years with the company, while Sands continues CapEx at Marina Bay Sands (some work remains) and advances development plans including IR2 and potential new opportunities.

Las Vegas Sands Stock Up 0.1%

NYSE LVS traded up $0.04 during trading on Friday, hitting $52.75. 2,998,126 shares of the company traded hands, compared to its average volume of 6,996,639. Las Vegas Sands has a 12 month low of $30.18 and a 12 month high of $70.45. The business has a fifty day simple moving average of $64.09 and a 200 day simple moving average of $58.04. The company has a market capitalization of $35.66 billion, a P/E ratio of 22.56, a PEG ratio of 1.46 and a beta of 0.97. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, February 9th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.3%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 45.25%.

Insider Buying and Selling

In other Las Vegas Sands news, COO Patrick Dumont sold 135,603 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $67.96, for a total transaction of $9,215,579.88. Following the completion of the sale, the chief operating officer owned 446,608 shares of the company’s stock, valued at $30,351,479.68. This represents a 23.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Irwin Chafetz sold 30,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $69.76, for a total value of $2,092,800.00. Following the transaction, the director owned 70,949 shares in the company, valued at approximately $4,949,402.24. This trade represents a 29.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,582,053 shares of company stock worth $238,846,399. Insiders own 1.20% of the company’s stock.

Institutional Trading of Las Vegas Sands

A number of institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc grew its stake in Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after buying an additional 434 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Las Vegas Sands by 66.7% in the third quarter. CIBC Private Wealth Group LLC now owns 2,506 shares of the casino operator’s stock valued at $135,000 after purchasing an additional 1,003 shares during the last quarter. Danske Bank A S bought a new position in shares of Las Vegas Sands in the third quarter worth about $8,050,000. Kestra Private Wealth Services LLC lifted its position in shares of Las Vegas Sands by 16.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 6,580 shares of the casino operator’s stock worth $354,000 after purchasing an additional 941 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Las Vegas Sands by 9.8% during the 3rd quarter. NewEdge Advisors LLC now owns 6,404 shares of the casino operator’s stock valued at $344,000 after purchasing an additional 574 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Las Vegas Sands

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Multiple analysts raised or reiterated bullish views and price targets, supporting near-term upside — HSBC raised its target to $73 and kept a Buy rating. HSBC Adjusts Price Target
• Positive Sentiment: Strong Marina Bay Sands performance drove record adjusted property EBITDA for the quarter, a clear growth engine for LVS. Q4 Results / PR Newswire
• Positive Sentiment: Capital returns increased: LVS repurchased $500M of stock and raised the quarterly dividend by 20% to $0.30, which supports shareholder yield and can boost investor sentiment. Dividend & Buyback Details
• Positive Sentiment: Analyst coverage remains mostly constructive: Macquarie reaffirmed Outperform ($70 PT) and Wells Fargo issued a positive forecast—these firm-level supports are helping stabilize the stock after recent volatility. Macquarie Outperform Wells Fargo Forecast
• Neutral Sentiment: Headline Q4 results beat consensus (revenue and EPS), but the underlying mix was uneven — revenue and EPS beat were offset by pressure in Macau margins, so the overall print is mixed for different investor types. Earnings Summary / MarketBeat
• Negative Sentiment: Macao profitability disappointed: margins at Macao fell materially (reports cite ~390 bps decline), which was the main catalyst for a sharp post-earnings selloff and remains the principal near-term risk given LVS’s exposure to that market. Forbes: Macao Margin Miss
• Negative Sentiment: Market reaction and headlines emphasized the Macau issue (coverage by WSJ/Barron’s) and noted a significant intra-day decline, keeping sentiment fragile until Macau margins show recovery. WSJ: Stock Slumps After Macao Results
• Negative Sentiment: Notable insider selling is highlighted in some data summaries, which can be perceived negatively by investors monitoring insider activity. QuiverQuant: Insider Activity

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LVS shares. Citigroup raised their price objective on shares of Las Vegas Sands from $75.50 to $76.75 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Seaport Research Partners decreased their target price on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Morgan Stanley upped their price target on Las Vegas Sands from $63.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, January 16th. Wells Fargo & Company increased their price objective on Las Vegas Sands from $67.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Las Vegas Sands in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.23.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.