Las Vegas Sands (NYSE:LVS) Shares Gap Down - Here's What Happened

Key Points

• Las Vegas Sands shares experienced a decline, opening at $48.50 after closing at $49.61, and last traded at $46.92 with a significant trading volume of 2,705,410 shares.
• Analysts have mixed perspectives, with Wall Street Zen upgrading the stock to a "buy" while Goldman Sachs lowered its price target from $59.00 to $58.00, resulting in a consensus rating of "Moderate Buy" with an average target price of $60.20.
• The company announced a quarterly dividend of $0.25, translating to a 2.1% annual yield, and reported a net margin of 12.16% alongside a revenue increase of 15.0% year-over-year.

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $49.61, but opened at $48.50. Las Vegas Sands shares last traded at $46.92, with a volume of 2,705,410 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Las Vegas Sands from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. The Goldman Sachs Group decreased their price objective on Las Vegas Sands from $59.00 to $58.00 and set a "neutral" rating on the stock in a report on Wednesday, October 1st. Citigroup reaffirmed a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Mizuho lifted their price objective on Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, Barclays lifted their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Las Vegas Sands has a consensus rating of "Moderate Buy" and an average target price of $60.20.

Las Vegas Sands Stock Down 4.9%

The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. The firm's 50-day moving average is $53.87 and its two-hundred day moving average is $45.85. The stock has a market cap of $32.38 billion, a P/E ratio of 23.80, a PEG ratio of 1.82 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the previous year, the company posted $0.55 EPS. Las Vegas Sands's revenue was up 15.0% on a year-over-year basis. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands's payout ratio is 50.51%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Total Investment Management Inc. bought a new position in Las Vegas Sands in the 2nd quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Las Vegas Sands by 37.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator's stock valued at $38,000 after purchasing an additional 239 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at $41,000. CYBER HORNET ETFs LLC acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at $42,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at $43,000. Institutional investors own 39.16% of the company's stock.

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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