Las Vegas Sands Corp. (LVS) to Issue Quarterly Dividend of $0.30 on November 10th

by · The Markets Daily

Las Vegas Sands Corp. (NYSE:LVS – Get Free Report) declared a quarterly dividend on Tuesday, October 20th. Investors of record on Monday, November 2nd will be given a dividend of $0.30 per share by the casino operator on Tuesday, November 10th. This represents a $1.20 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, November 2nd.

Las Vegas Sands has a payout ratio of 42.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Las Vegas Sands to earn $3.36 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 35.7%.

Las Vegas Sands Price Performance

LVS traded down $0.56 during trading on Thursday, reaching $36.95. 3,636,840 shares of the stock were exchanged, compared to its average volume of 5,077,960. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market capitalization of $23.93 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 0.99 and a beta of 0.78. Las Vegas Sands has a 1 year low of $35.03 and a 1 year high of $70.45. The business’s 50 day moving average price is $41.24 and its two-hundred day moving average price is $46.86.

Las Vegas Sands (NYSE:LVS – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. As a group, equities research analysts anticipate that Las Vegas Sands will post 3.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Las Vegas Sands from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group set a $41.00 price target on shares of Las Vegas Sands in a research report on Thursday. Wolfe Research began coverage on shares of Las Vegas Sands in a research report on Wednesday, September 2nd. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Las Vegas Sands from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a research report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.92.

Check Out Our Latest Report on LVS

Las Vegas Sands Company Profile

(Get Free Report)

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.

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