Las Vegas Sands (NYSE:LVS) Sets New 52-Week Low - Here's What Happened

Key Points

• Las Vegas Sands shares hit a new 52-week low of $36.08, well below their 50-day and 200-day moving averages of $43.62 and $48.25, respectively.
• The company’s latest quarterly results fell short of expectations: EPS was $0.59 versus the $0.76 consensus, while revenue came in at $3.15 billion compared with estimates of $3.31 billion.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $59.84. Las Vegas Sands also maintains a quarterly dividend of $0.30 per share, equating to a 3.3% yield.

Shares of Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) reached a new 52-week low during trading on Tuesday. The stock traded as low as $36.08 and last traded at $36.5940, with a volume of 5863184 shares traded. The stock had previously closed at $36.23.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Susquehanna lowered their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a "positive" rating on the stock in a report on Wednesday, July 22nd. UBS Group set a $52.00 price objective on shares of Las Vegas Sands in a research report on Thursday, July 2nd. Wall Street Zen lowered Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Morgan Stanley dropped their target price on Las Vegas Sands from $68.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Monday, July 27th. Finally, Citigroup cut their target price on Las Vegas Sands from $73.00 to $71.50 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $59.84.

Las Vegas Sands Stock Performance

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 firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.89 and a beta of 0.78. The stock's 50 day moving average price is $43.62 and its two-hundred day moving average price is $48.25.

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

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands's dividend payout ratio (DPR) is presently 46.69%.

Institutional Investors Weigh In On Las Vegas Sands

Institutional investors have recently modified their holdings of the company. Pension & Wealth Management Advisors Inc. lifted its stake in shares of Las Vegas Sands by 13.9% in the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator's stock valued at $93,000 after buying an additional 245 shares during the period. Everett Harris & Co. CA increased its stake in Las Vegas Sands by 0.6% during the fourth quarter. Everett Harris & Co. CA now owns 45,676 shares of the casino operator's stock valued at $2,973,000 after acquiring an additional 283 shares during the period. Resona Asset Management Co. Ltd. increased its stake in Las Vegas Sands by 0.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 92,093 shares of the casino operator's stock valued at $4,921,000 after acquiring an additional 331 shares during the period. Geneos Wealth Management Inc. raised its holdings in Las Vegas Sands by 73.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator's stock valued at $48,000 after acquiring an additional 375 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Las Vegas Sands by 1.0% in the 1st quarter. Janus Henderson Group PLC now owns 40,491 shares of the casino operator's stock valued at $2,132,000 after acquiring an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp. NYSE: LVS is a global developer and operator of integrated resorts that combine casino gaming with hotels, convention and exhibition facilities, retail, dining and entertainment venues. The company's properties are designed to serve leisure travelers, business visitors and convention groups.

Las Vegas Sands operates major integrated resorts in Macau, including The Venetian Macao, The Parisian Macao, The Londoner Macao and Four Seasons Hotel Macao. In Singapore, it operates Marina Bay Sands, a large resort featuring hotel accommodations, gaming, shopping, dining, entertainment and convention facilities.

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