Las Vegas Sands Sees Unusually High Options Volume (NYSE:LVS)

Key Points

• Las Vegas Sands Corp. experienced a 23% increase in call options trading, with 20,530 options purchased on Thursday compared to the usual daily average of 16,735.
• The company reported quarterly earnings of $0.78 EPS, surpassing estimates by $0.16, with a revenue of $3.33 billion, marking a 24.2% year-over-year increase.
• Las Vegas Sands announced a quarterly dividend of $0.25 per share, set to be paid on November 12th, with a current dividend yield of 1.8%.

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) was the target of unusually large options trading activity on Thursday. Investors purchased 20,530 call options on the company. This is an increase of approximately 23% compared to the typical daily volume of 16,735 call options.

Las Vegas Sands Stock Performance

Las Vegas Sands stock traded up $6.38 on Thursday, hitting $57.00. The company's stock had a trading volume of 8,366,778 shares, compared to its average volume of 5,600,882. The firm has a market cap of $39.13 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 1.82 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. The company has a fifty day moving average price of $53.23 and a 200-day moving average price of $46.37. Las Vegas Sands has a one year low of $30.18 and a one year high of $58.05.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.16. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, equities analysts anticipate that Las Vegas Sands will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Tuesday, November 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. Las Vegas Sands's dividend payout ratio is presently 50.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citigroup reaffirmed a "buy" rating on shares of Las Vegas Sands in a research report on Wednesday, July 9th. Bank of America boosted their target price on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Susquehanna boosted their target price on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a "positive" rating in a research report on Wednesday. Wall Street Zen raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. Finally, Zacks Research raised shares of Las Vegas Sands from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $63.33.

Institutional Investors Weigh In On Las Vegas Sands

Large investors have recently made changes to their positions in the company. Total Investment Management Inc. bought a new stake in shares of Las Vegas Sands in the 2nd quarter worth about $25,000. MassMutual Private Wealth & Trust FSB grew its holdings 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 worth $38,000 after purchasing an additional 239 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in shares of Las Vegas Sands in the 2nd quarter worth about $41,000. CYBER HORNET ETFs LLC bought a new stake in shares of Las Vegas Sands in the 2nd quarter worth about $42,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Las Vegas Sands in the 2nd quarter worth about $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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