LVS
Next earnings: Jul 22, 2026 · After close
Signal
Leaning Bearish1
Price
1
Move-0.71%Quiet session
Volume
1
Volume1.0× avgNormal activity
Technical
1
RSIRSI 45Momentum negative
PRICE
Prev Close
52.07
Open
52.01
Day Range51.53 – 52.77
51.53
52.77
52W Range39.29 – 70.45
39.29
70.45
40% of range
VOLUME & SIZE
Avg Volume
4.3M
FUNDAMENTALS
P/E Ratio
19.1x
EPS (TTM)
Div Yield
No dividend
Beta
1.31
Market-like
Performance
1D
-1.96%
5D
-1.75%
1M
-2.58%
3M
-9.77%
6M
-22.27%
YTD
-20.00%
1Y
+22.84%
Best: 1Y (+22.84%)Worst: 6M (-22.27%)
Quick Read
TrendInsufficient MA data
Momentum
BULLISH
revenue +23% YoY
Valuation
FAIR
P/E 19x vs ~20x sector
Health
WEAK
CR 0.9 (low) · FCF $3.47/sh
Neutral
Key MetricsTTM
Market Cap$34.26B
Revenue TTM$13.74B
Net Income TTM$1.84B
Free Cash Flow$2.32B
Gross Margin26.7%
Net Margin13.4%
Operating Margin24.6%
Return on Equity116.0%
Return on Assets8.7%
Debt / Equity13.10
Current Ratio0.95
EPS TTM$2.75
Alpha SignalsFull Analysis →
What Moves This Stock

Macao gross gaming revenue (GGR) trends and market share: Monthly GGR data releases drive near-term sentiment, with LVS targeting 15-17% market share in mass-market segment

Mainland China visitation and visa policy: Individual Visit Scheme (IVS) visa approvals, tour group resumptions, and cross-border travel restrictions directly impact property volumes

Marina Bay Sands hold percentage and VIP rolling chip volumes: Singapore gaming tax is 15% on mass, 5% on VIP, making hold percentage volatility significant for quarterly earnings

Capital allocation announcements: Dividend reinstatement (suspended since COVID), share buybacks, or new development projects (potential Thailand or New York licenses)

Macro Sensitivity
Economic Cycle

high - Gaming demand is highly discretionary and correlates strongly with Chinese GDP growth, wealth effect from Shanghai/Shenzhen equity markets, and consumer confidence among mainland Chinese high-net-worth individuals. VIP gaming (historically 50%+ of Macao GGR, now 20-30% post-crackdown) is particularly sensitive to Chinese economic conditions and capital controls. Mass-market gaming shows more resilience but still declines 30-50% during recessions as evidenced by COVID period.

Interest Rates

Moderate sensitivity through two channels: (1) $12.8B gross debt with weighted average interest rate around 4.5% means rising rates increase annual interest expense by $50-100M per 100bps move, pressuring FCF; (2) Higher rates compress valuation multiples for high-leverage gaming stocks, as LVS trades at 10-14x EV/EBITDA versus 8-12x in rising rate environments. Demand impact is secondary since Asian gaming customers less sensitive to US/Singapore rate changes than mortgage-dependent consumers.

Key Risks

Chinese regulatory risk: Beijing's crackdown on capital outflows, VIP junket operations (criminalized in 2021-2022), and anti-corruption campaigns permanently reduced VIP gaming from 65% of Macao GGR (2013) to under 25% currently. Future policy changes on currency controls or gaming restrictions could further impair revenue.

Macao gaming license renewal and compliance: 10-year licenses require $15B+ in non-gaming investments across all concessionaires by 2033, mandating capex that may generate sub-optimal returns. Government can revoke licenses for non-compliance with local hiring (85% Macao residents) and social responsibility requirements.

Geopolitical risk: Taiwan tensions, US-China relations, or Hong Kong political instability could disrupt cross-border travel or trigger capital flight, reducing visitation and gaming spend.

Investor Profile

value/recovery - Attracts investors seeking Macao gaming normalization trade as GGR recovers toward 2019 levels (MOP 292B vs current run-rate of MOP 200B+). High leverage (10.15x Debt/Equity) and suspended dividend make it unsuitable for income investors. Momentum traders focus on monthly GGR data releases and Chinese stimulus announcements. Deep value investors attracted by 11-12x forward EV/EBITDA versus 14-16x historical average, betting on margin recovery and eventual capital returns.

Watch on Earnings
Macao monthly GGR (reported by Gaming Inspection and Coordination Bureau) and LVS market share trendsMainland China to Macao visitation data and IVS visa approval ratesMarina Bay Sands gaming revenue and EBITDA margin (Singapore quarterly reporting)Shanghai Composite Index and Shenzhen Component Index (wealth effect proxy for Chinese VIP/mass customers)
Health Radar
2 strong2 watch2 concern
48/100
Liquidity
0.95Concern
Leverage
13.10Concern
Coverage
4.5xWatch
ROE
116.0%Strong
ROIC
15.7%Strong
Cash
$3.8BWatch
ANALYST COVERAGE25 analysts
BUY
+32.5%upside to target
L $63.00
Med $68.50consensus
H $80.00
Buy
1560%
Hold
1040%
15 Buy (60%)10 Hold (40%)0 Sell (0%)
Full report →
Stock Health
Composite Score
2 of 5 signals bullish
5/10
Technicals
RSI RangeRSI 45 — Bearish momentum
Volume
Volume FlowNeutral
~
Fundamentals
Last EarningsBeat estimates
Analyst ConsensusBuy
LiquidityCurrent Ratio 0.95 — liquidity risk
Upcoming Events
EEarnings ReportMay 13, 2026
Tomorrow
DEx-Dividend DateAug 7, 2026
In 87 days
PDividend PaymentAug 13, 2026
In 93 days
Technicals
Technical SetupBEARISH
Technicals →

Trend

DowntrendDeath Cross · 50D trails 200D by 5.1%

-4.8% vs SMA 50 · -9.7% vs SMA 200

Momentum

RSI44.9
Momentum fading
MACD-0.58
Below zero — bearish pulse · compressing
Market Position
Price Levels
52W High
$70.45+36.3%
EMA 50
$54.75+5.9%
EMA 200
$54.54+5.5%
Current
$51.68
52W Low
$39.29-24.0%
52-Week RangeMid-range
$39.2940th %ile$70.45
Squeeze SetupVolume-based
No Clear Setup

Volume distribution is neutral or leaning toward distribution. No compelling squeeze setup based on current money flow data.

20-Day Money Flow
Acc days:6
Dist days:7
Edge:+1 dist
Volume Context
Avg Vol (50D)4.2M
Recent Vol (5D)
6.0M+41%

Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.

Earnings & Analysts

ANALYST ESTIMATES

Consensus of 11 analysts
Analyst revisions:EPS↑ Revised UpRevenue↑ Revised Up

Analyst consensus estimates · Actuals replace estimates as reported

YearRevenue Est.Rev GthEPS Est.EPS GthRangeAnalysts
FY2023
$11.4B
$11.2B$11.8B
$2.14
±3%
High9
FY2024
$11.3B
$11.2B$11.3B
-1.5%$2.33+9.0%
±4%
High11
FY2025
$12.7B
$12.5B$12.8B
+12.7%$2.92+25.6%
±3%
High11
Range confidence:Tight (high)ModerateWide (low)
🔥Beat 5 consecutive quarters
Earnings HistoryLVS
Last 8Q
+10.7%avg beat
Beat 5 of 8 quartersMissed 3 Estimates rising
-2%
Q3'24
-17%
Q4'24
-6%
Q1'25
+4%
Q2'25
+49%
Q3'25
+26%
Q4'25
+11%
Q1'26
+20%
Q2'26
Beat
Miss
Estimate
Deeper color = bigger beat/miss
Analyst Activity
All ratings →
No recent activity
Goldman SachsNeutral → Buy
Dec 15
UPGRADE
JefferiesHold → Buy
Jan 3
UPGRADE
BarclaysOverweight → Neutral
Aug 23
DOWNGRADE
RBC CapitalOutperform
Aug 23
UPGRADE
UBSBuy → Neutral
Aug 23
DOWNGRADE
CFRABuy → Hold
Oct 19
UPGRADE
CFRABuy
Oct 20
UPGRADE
Bank of America Sec…Neutral
Oct 13
UPGRADE
JefferiesBuy
Sep 26
UPGRADE
Loop Capital MarketsBuy
Sep 26
UPGRADE
Wells FargoOverweight
Jul 21
UPGRADE
UBSBuy
Jan 22
UPGRADE
Insider Activity
SEC Filings →
0 Buys/6 SellsNet Selling
NET SELLERS$0 bought · $617K sold · 30d window
Forman Charles DDir
$617K
Apr 27
SELL
Dumont PatrickDir
$3.3M
Mar 17
SELL
Goldstein Robert GDir
$79.2M
Dec 17
SELL
Goldstein Robert GDir
$711K
Dec 17
SELL
Goldstein Robert GDir
$3.5M
Dec 16
SELL
Adelson Miriam10 Percent Own…
$5.3M
Dec 16
SELL
Financials
Dividends2.13% yield
+26.1% avg annual growth
Annual Yield2.13%
Quarterly Div.$0.3000
Est. Annual / Share$1.20
FrequencyQuarterly
Q3'24
Q4'24
Q1'25
Q2'25
Q3'25
Q4'25
Q1'26
Q2'26

Dividend per payment — last 8 periods

INSTITUTIONAL OWNERSHIP

1
Bank of New York Mellon Corp
6.9M
2
DIMENSIONAL FUND ADVISORS LP
3.8M
3
ARGA Investment Management, LP
3.7M
4
Allianz Asset Management GmbH
3.4M
5
Legal & General Group Plc
1.9M
6
DEUTSCHE BANK AG\
1.8M
7
VANGUARD FIDUCIARY TRUST CO
1.7M
8
UBS Group AG
1.6M
News & Activity

LVS News

20 articles · 4h ago

About

the venetian® and the palazzo® las vegas is an important part of our global company, and a standard of luxury and service in the industry. we provide the best benefits, opportunity for advancement, and the greatest professionals with which to work. our company culture is the result of our commitment to our guests, our team members, and our community. we are the world’s largest integrated resort, and our people make it the most successful as well.

Industry
Casino Hotels
CEO
Sheldon Adelson
Patrick DumontChairman, CEO, President & Treasurer
D. Zachary HudsonExecutive Vice President, Global General Counsel & Secretary
Randy A. HyzakExecutive Vice President & Chief Financial Officer
PeersConsumer Cyclical(7 companies)
Screen sector →
SymbolPriceDay %Mkt CapP/ERev GrwMarginELO
LVS
$51.68-1.96%$34.5B18.9+1521.5%1249.9%1490
$265.82-1.35%$2.9T31.8+1237.8%1083.4%1519
$433.45+4.02%$1.7T371.3-293.1%400.1%1500
$310.46-1.91%$310.2B21.8+324.0%859.6%1480
$274.84-0.42%$195.1B22.5+372.3%3185.0%1480
$150.26-0.73%$164.8B30.5+711.9%910.0%1506
$224.52-1.37%$126.6B19.0+312.2%771.2%1491
Sector avg-0.53%73.7+598.1%1208.5%1495