Las Vegas Sands Corp (LVS) has been attracting attention with its Q3 2024 earnings. Unfortunately, the company's net revenue has dropped 4.3% in Q3 and performance in Macau and Singapore was lower than expected, contributing to weak quarterly results, with LVS's Q3 earnings missing estimates. The company struggled with underperformance in Macau business and announced that its expansion cost of Sands' Singapore Casino is doubling to $8 billion. However, the company managed to secure a new $4.18 billion credit facility. Further, it plans to issue a quarterly dividend of $0.20 and sees potential recovery in Macau and even return to 'Pre-Pandemic Levels'. Nevertheless, the expenses are sizable and many analysts adjust their valuations and targets accordingly. LVS's shares are acquired by multiple parties like Raymond James & Associates, Vontobel Holding Ltd., and Clearbridge Investments LLC which shows a degree of investor confidence. Despite the mixed results and outlook, LVS is seen as a value stock for long-term investors, yet there are strong indicators of caution in the market with insiders reportedly selling off $2.0b in stocks.
Las Vegas Sands Corp LVS News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Fri, 25 Oct 2024 15:16:15 GMT -
Rating -6
- Innovation 2
- Information 8
- Rumor -3
