Las Vegas Sands Corp. (NYSE:LVS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Las Vegas Sands Corp. has received an average rating of "Moderate Buy" from analysts, with 11 buy ratings and 2 strong buy ratings among 18 analysts covering the company.
• The company recently reported $0.78 EPS, which surpassed the consensus estimate of $0.62, with a year-over-year revenue increase of 24.2% to $3.33 billion.
• Las Vegas Sands declared a quarterly dividend of $0.25 per share, representing an annualized payout of $1.00 and a dividend yield of 1.7%, to be paid on November 12th.

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) has received an average rating of "Moderate Buy" from the eighteen analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $63.7333.

LVS has been the subject of several recent research reports. Bank of America boosted their price objective on Las Vegas Sands from $52.50 to $58.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Susquehanna boosted their price objective on Las Vegas Sands from $62.00 to $63.00 and gave the stock a "positive" rating in a report on Wednesday. Zacks Research raised Las Vegas Sands from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Argus upped their price target on Las Vegas Sands from $60.00 to $65.00 in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. upped their price target on Las Vegas Sands from $60.00 to $70.00 and gave the company an "overweight" rating in a research note on Thursday.

Las Vegas Sands Stock Up 1.2%

Shares of NYSE LVS opened at $57.55 on Friday. The firm's 50-day simple moving average is $53.36 and its 200 day simple moving average is $46.73. The company has a market cap of $39.51 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. Las Vegas Sands has a 12-month low of $30.18 and a 12-month high of $58.29.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.16. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 66.94%. The firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, research analysts expect that Las Vegas Sands will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Tuesday, November 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Las Vegas Sands's dividend payout ratio is 50.51%.

Institutional Trading of Las Vegas Sands

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Towercrest Capital Management bought a new stake in shares of Las Vegas Sands in the 3rd quarter valued at about $207,000. Forum Financial Management LP bought a new stake in shares of Las Vegas Sands in the 3rd quarter valued at about $230,000. Oregon Public Employees Retirement Fund increased its stake in shares of Las Vegas Sands by 20.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 35,324 shares of the casino operator's stock valued at $1,900,000 after acquiring an additional 6,061 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Las Vegas Sands in the 3rd quarter valued at about $642,000. Finally, HB Wealth Management LLC increased its stake in shares of Las Vegas Sands by 23.8% in the 3rd quarter. HB Wealth Management LLC now owns 7,736 shares of the casino operator's stock valued at $416,000 after acquiring an additional 1,485 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.

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