Las Vegas Sands (NYSE:LVS) Announces Earnings Results, Misses Estimates By $0.14 EPS

by · The Markets Daily

Las Vegas Sands (NYSE:LVS – Get Free Report) released its earnings results on Wednesday. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.14), FiscalAI reports. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the business posted $0.78 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis.

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

  • High-end demand softened in both Singapore and Macao during the quarter, which management attributed to a range of macroeconomic and global factors, lower visitation by wealthy patrons, and unfavorable gaming hold.
  • Marina Bay Sands generated $590 million of EBITDA, and management continues to view the property as having a $2.7 billion–$2.8 billion annualized EBITDA run rate despite the quarter’s aberrational results and expects its new Singapore development to open in early 2031, subject to approvals.
  • Sands China gained share in Macao, with mass gaming revenue share reaching 26.1%; gaming volumes increased across all segments, including 31% growth in rolling volume, 11% in non-rolling drop, and 26% in slot ETG handle.
  • Macao operating expenses remain elevated because of additional gaming staff, sales and marketing investment, and enhanced customer service, although management said fixed expenses are now largely stable and expects greater operating leverage as revenue grows.
  • The company repurchased $950 million of LVS shares during the quarter and raised its quarterly dividend 20% to $0.36 beginning in the first quarter of 2027; management said buybacks will remain the larger component of capital returns while maintaining its investment-grade balance sheet.

Las Vegas Sands Trading Down 1.8%

Shares of Las Vegas Sands stock opened at $37.47 on Thursday. Las Vegas Sands has a 1 year low of $35.28 and a 1 year high of $70.45. The company’s fifty day simple moving average is $41.24 and its 200-day simple moving average is $46.86. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.99 and a beta of 0.78. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Monday, November 2nd will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.20 annualized dividend and a yield of 3.2%. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

Las Vegas Sands News Summary

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

  • Positive Sentiment: Las Vegas Sands repurchased $950 million of its common stock during the quarter, supporting per-share results and signaling management’s confidence in the company’s long-term value. Las Vegas Sands Reports Third Quarter 2026 Results
  • Positive Sentiment: The board announced a 20% increase in the recurring dividend for calendar 2027, raising the annual payout to $1.44 per share, or $0.36 per quarter. Separately, the company declared a $0.30 quarterly dividend payable November 10 to shareholders of record November 2, representing a 3.2% indicated yield.
  • Positive Sentiment: Macau mass-market gaming revenue share reached 26.1% in the quarter, and the company continues to increase its investment in Macau through its Sands China subsidiary, whose ownership has risen above 75.5%. Las Vegas Sands: 3 Key Takeaways for Long-Term Investors
  • Neutral Sentiment: JPMorgan maintained an “overweight” rating but reduced its LVS price target to $54 from $60, reflecting more cautious near-term assumptions while still implying substantial potential upside from recent levels. JPMorgan Adjusts Price Target on Las Vegas Sands
  • Negative Sentiment: The quarterly earnings miss was accompanied by a year-over-year decline in EPS from $0.78 to $0.54 and weaker-than-expected revenue, increasing concerns about profit momentum. Las Vegas Sands Q3 Earnings and Revenues Miss Estimates
  • Negative Sentiment: Reports cited soft Macau gaming trends and weakness in destination gaming, including Singapore, as key factors weighing on results and investor sentiment. Las Vegas Sands Disappoints on China, Destination Gaming Weakness
  • Negative Sentiment: JPMorgan’s more pessimistic forecast and recent analyst target reductions add pressure to the stock as investors reassess the recovery outlook in the company’s key Asian markets.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LVS shares. Wall Street Zen lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Jefferies Financial Group cut their target price on Las Vegas Sands from $52.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 23rd. Wells Fargo & Company set a $40.00 price target on Las Vegas Sands in a research note on Thursday. Zacks Research upgraded Las Vegas Sands from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Seaport Research Partners decreased their target price on shares of Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.04.

View Our Latest Analysis on Las Vegas Sands

Las Vegas Sands Company Profile

(Get Free Report)

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.

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