Las Vegas Sands Corp. (NYSE:LVS) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Las Vegas Sands, with 10 buys, eight holds and one sell among 19 analysts. The average 12-month price target is $61.88, above the reported $46.00 share price.
• Las Vegas Sands reported quarterly EPS of $0.59, missing the $0.76 consensus estimate, while revenue of $3.15 billion fell short of the $3.31 billion forecast and declined 0.7% year over year.
• The company paid a quarterly dividend of $0.30 per share, equivalent to an annualized $1.20 and a 2.6% yield; institutional investors and hedge funds own 39.16% of the stock.

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) has received a consensus rating of "Hold" from the nineteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $61.8750.

Several research firms have recently weighed in on LVS. Stifel Nicolaus reduced their price objective on Las Vegas Sands from $74.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. UBS Group set a $52.00 price target on shares of Las Vegas Sands in a research note on Thursday, July 2nd. JPMorgan Chase & Co. cut their price objective on Las Vegas Sands from $64.00 to $60.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Susquehanna cut their price target on Las Vegas Sands from $64.00 to $63.00 and set a "positive" rating for the company in a report on Wednesday, July 22nd. Finally, Barclays reduced their price objective on shares of Las Vegas Sands from $63.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd.

Las Vegas Sands Stock Down 1.2%

Las Vegas Sands stock opened at $46.00 on Friday. Las Vegas Sands has a twelve month low of $44.21 and a twelve month high of $70.45. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The company has a 50 day moving average of $46.77 and a 200-day moving average of $51.43. The stock has a market capitalization of $29.79 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.15 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). The company 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 company's revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 earnings per share. On average, equities research analysts anticipate that Las Vegas Sands will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands's dividend payout ratio (DPR) is currently 46.69%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Las Vegas Sands by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator's stock worth $1,207,000 after acquiring an additional 2,418 shares during the period. Woodline Partners LP grew its position in shares of Las Vegas Sands by 38.9% in the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator's stock valued at $1,122,000 after purchasing an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Las Vegas Sands by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator's stock worth $93,000 after purchasing an additional 1,027 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Las Vegas Sands during the second quarter worth approximately $414,000. Finally, Cerity Partners LLC lifted its holdings in Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator's stock worth $766,000 after purchasing an additional 7,243 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

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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