Las Vegas Sands (NYSE:LVS) Reaches New 12-Month Low - Here's Why

Key Points

• Las Vegas Sands fell to a new 52-week low of $43.36, with the stock trading below both its 50-day and 200-day moving averages.
• Recent analyst sentiment weakened, including downgrades from Zacks Research and Argus and multiple price-target cuts. The consensus rating remains “Hold,” with an average target of $61.88.
• The company missed quarterly expectations, reporting EPS of $0.59 versus $0.76 expected and revenue of $3.15 billion versus $3.31 billion estimated. Las Vegas Sands maintained a quarterly dividend of $0.30, representing a 2.7% annualized yield.

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $43.36 and last traded at $43.78, with a volume of 4770932 shares trading hands. The stock had previously closed at $43.81.

Analyst Ratings Changes

Several research analysts have recently commented on LVS shares. Zacks Research downgraded Las Vegas Sands from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 23rd. Argus cut shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Thursday, July 30th. Barclays decreased their price objective on shares of Las Vegas Sands from $63.00 to $59.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Wells Fargo & Company cut their target price on shares of Las Vegas Sands from $65.00 to $53.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 14th. Finally, Bank of America lowered their price target on shares of Las Vegas Sands from $70.00 to $60.00 and set a "neutral" rating on the stock in a report on Monday, July 20th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Las Vegas Sands presently has a consensus rating of "Hold" and an average price target of $61.88.

Las Vegas Sands Stock Down 0.1%

The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The stock has a market cap of $28.36 billion, a P/E ratio of 17.04, a PEG ratio of 1.08 and a beta of 0.83. The firm has a 50-day simple moving average of $46.25 and a two-hundred day simple moving average of $50.78.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the company posted $0.66 earnings per share. The company's revenue was down .7% on a year-over-year basis. Equities research analysts expect that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. Las Vegas Sands's payout ratio is currently 46.69%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Swiss Life Asset Management Ltd lifted its position in shares of Las Vegas Sands by 116.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator's stock valued at $9,646,000 after acquiring an additional 79,641 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Las Vegas Sands by 411.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator's stock worth $2,877,000 after purchasing an additional 35,566 shares during the period. SG Americas Securities LLC lifted its position in Las Vegas Sands by 74.2% during the first quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator's stock worth $82,395,000 after purchasing an additional 651,214 shares during the period. Fieldview Capital Management LLC acquired a new stake in Las Vegas Sands during the fourth quarter worth about $4,561,000. Finally, CenterBook Partners LP bought a new position in Las Vegas Sands in the 4th quarter valued at about $4,588,000. 39.16% of the stock is owned by institutional investors.

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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