According to Zacks, “Shares of Las Vegas Sands have outperformed the industry so far this year. Increased revenues at casino, rooms and mall drove the company’s top line in first-quarter 2019. It generated solid revenues from Macao operations as well. In the next couple of years, the company is likely to spend $2 billion in Macao. To strengthen the resort portfolio, Las Vegas Sands is focusing on expanding the Four Seasons Tower Suites Macao, St. Regis Tower Suites Macao and the Londoner Macao. Planned investment in new capital projects in Macao and higher revenues from The Parisian Macao are also likely to drive growth. Las Vegas Sands’ consistent focus on a convention-based Integrated Resort business model is an added positive. Nevertheless, high debt and competition are worrisome. Estimates for the current year have witnessed upward revisions in the past 30 days.”
Several other analysts also recently issued reports on the stock. Telsey Advisory Group reissued a market perform rating and issued a $64.00 price target (up previously from $58.00) on shares of Las Vegas Sands in a research report on Thursday, April 18th. Morgan Stanley lifted their price target on shares of Las Vegas Sands from $64.00 to $66.00 and gave the company an overweight rating in a research report on Wednesday, March 6th. Deutsche Bank lifted their price target on shares of Las Vegas Sands to $60.00 and gave the company a buy rating in a research report on Thursday, January 24th. Credit Suisse Group reissued a neutral rating and issued a $58.00 price target on shares of Las Vegas Sands in a research report on Wednesday, March 20th. Finally, HSBC downgraded shares of Las Vegas Sands from a buy rating to a hold rating in a research report on Wednesday, April 17th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $68.60.
Shares of LVS stock traded down $2.09 during trading hours on Thursday, hitting $61.31. 125,284 shares of the company were exchanged, compared to its average volume of 3,551,322. The company has a market cap of $49.00 billion, a price-to-earnings ratio of 18.48 and a beta of 1.43. Las Vegas Sands has a fifty-two week low of $47.39 and a fifty-two week high of $81.45. The company has a quick ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.85.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. Las Vegas Sands had a net margin of 11.15% and a return on equity of 34.52%. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the firm posted $1.04 EPS. Las Vegas Sands’s revenue was up 1.9% compared to the same quarter last year. Analysts anticipate that Las Vegas Sands will post 3.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 5.02%. The ex-dividend date is Tuesday, June 18th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 92.77%.
Large investors have recently modified their holdings of the business. Cornerstone Advisors Inc. lifted its stake in Las Vegas Sands by 99.6% during the 4th quarter. Cornerstone Advisors Inc. now owns 487 shares of the casino operator’s stock valued at $25,000 after acquiring an additional 243 shares in the last quarter. First Interstate Bank lifted its stake in Las Vegas Sands by 70.8% during the 1st quarter. First Interstate Bank now owns 410 shares of the casino operator’s stock valued at $25,000 after acquiring an additional 170 shares in the last quarter. Bartlett & Co. LLC bought a new position in Las Vegas Sands during the 4th quarter valued at $26,000. Private Capital Group LLC lifted its stake in Las Vegas Sands by 55.7% during the 1st quarter. Private Capital Group LLC now owns 467 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 167 shares in the last quarter. Finally, FTB Advisors Inc. lifted its stake in Las Vegas Sands by 73.4% during the 4th quarter. FTB Advisors Inc. now owns 607 shares of the casino operator’s stock valued at $31,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
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