LVS Stock Recent News

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Las Vegas Sands is a buy at $45 and a hold at $52; aggressive buy if LVS stock dips below $40. Increased room capacity in Macao and Marina Bay Sands expected to boost gaming revenues meaningfully in upcoming quarters. Despite macroeconomic headwinds, current share price is unduly pessimistic; P/S ratio indicates undervaluation.

The company will provide nearly $350,000 over three academic years, enabling NHI to continue its transformational leadership development program for Latino high school students in Las Vegas. LAS VEGAS , Feb. 4, 2025 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) will contribute nearly $350,000 for the 2024-2025 through 2026-2027 academic years to the National Hispanic Institute (NHI), continuing its Sands Cares support of the transformational leadership development program for Latino high school students in Las Vegas.

Las Vegas Sands (LVS) soared Thursday, one day after executives at the hotel and casino operator said they are confident in their future success due to their strong assets in the important gambling market of Macao.

Fourth-quarter adjusted earnings came in at 54 cents a share on revenue of $2.9 billion.

LVS' fourth-quarter 2024 results reflect solid financial and operational performance at Marina Bay Sands, Singapore and continued recovery in the Macao market.

Call Start: 16:30 January 1, 0000 5:17 PM ET Las Vegas Sands Corp. (NYSE:LVS ) Q4 2024 Earnings Conference Call January 29, 2025, 04:30 PM ET Company Participants Daniel Briggs - Senior Vice President, Investor Relations Robert Goldstein - Chairman and Chief Executive Officer Patrick Dumont - President and Chief Operating Officer Grant Chum - Chief Executive Officer and President, Sands China and Executive Vice President, Las Vegas Sands Asia Operations Wilfred Wong - Executive Vice Chairman, Sands China Conference Call Participants Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Brandt Montour - Barclays Daniel Politzer - Wells Fargo Chad Beynon - Macquarie Joseph Stauff - SIG George Choi - Citigroup Steven Wieczynski - Stifel Operator Good day, ladies and gentlemen, and welcome to the Sands Fourth Quarter 2024 Earnings Call. At this time, all participants have been placed on a listen-only mode and we'll open the floor for questions and comments after the presentation.

Although the revenue and EPS for Las Vegas Sands (LVS) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Las Vegas Sands (LVS) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.57 per share a year ago.

For the quarter ended December 31, 2024 (Compared to the quarter ended December 31, 2023) Net Revenue of $2.90 billion and Net Income of $392 million Consolidated Adjusted Property EBITDA of $1.11 billion Macao Adjusted Property EBITDA of $571 million Low Hold on Rolling Play in Macao Negatively Impacted Adjusted Property EBITDA by $22 million Marina Bay Sands Adjusted Property EBITDA of $537 million High Hold on Rolling Play at Marina Bay Sands Positively Impacted Adjusted Property EBITDA by $2 million LVS Repurchased $450 million of Common Stock LVS Acquired $250 million of SCL Stock LAS VEGAS , Jan. 29, 2025 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS), the leading global developer and operator of Integrated Resorts, today reported financial results for the quarter ended December 31, 2024. "We continued to execute our strategic objectives during the quarter.