Shares of Las Vegas Sands Corp. (NYSE:LVS – Get Free Report) have earned an average rating of “Hold” from the nineteen research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $61.8750.
Several research firms have weighed in on LVS. HC Wainwright cut Las Vegas Sands to a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Las Vegas Sands in a research note on Friday, August 21st. Zacks Research downgraded shares of Las Vegas Sands from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Susquehanna cut their price target on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group decreased their price objective on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 23rd.
Read Our Latest Stock Analysis on Las Vegas Sands
Institutional Investors Weigh In On Las Vegas Sands
Las Vegas Sands Price Performance
Las Vegas Sands stock opened at $44.12 on Friday. Las Vegas Sands has a 52 week low of $43.92 and a 52 week high of $70.45. The company’s 50 day moving average price is $46.48 and its two-hundred day moving average price is $51.06. The stock has a market cap of $28.57 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.14 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27.
Las Vegas Sands (NYSE:LVS – Get Free Report) last released its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. On average, equities analysts predict that Las Vegas Sands will post 3.09 earnings per share for the current year.
Las Vegas Sands Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is currently 46.69%.
Las Vegas Sands Company Profile
Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.
The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.
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