A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank raised shares of Las Vegas Sands from a hold rating to a buy rating and boosted their price objective for the company from $69.00 to $70.00 in a research report on Sunday, September 8th. UBS Group lowered their price objective on shares of Las Vegas Sands from $63.00 to $62.00 and set a neutral rating for the company in a research report on Friday, September 13th. Morgan Stanley decreased their target price on shares of Las Vegas Sands from $68.00 to $66.00 and set an overweight rating for the company in a research report on Tuesday, September 17th. Roth Capital restated a buy rating on shares of Las Vegas Sands in a research report on Thursday, October 24th. Finally, Credit Suisse Group restated a hold rating and issued a $62.00 target price on shares of Las Vegas Sands in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $68.22.
Shares of NYSE:LVS traded up $0.27 during trading on Friday, reaching $64.08. 2,183,362 shares of the company’s stock traded hands, compared to its average volume of 4,306,754. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.59. Las Vegas Sands has a 12 month low of $47.39 and a 12 month high of $69.60. The company has a 50 day moving average of $58.59 and a 200-day moving average of $59.26. The stock has a market capitalization of $49.01 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 5.93 and a beta of 1.61.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. Las Vegas Sands had a net margin of 13.86% and a return on equity of 37.04%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts predict that Las Vegas Sands will post 3.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, December 17th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.81%. The ex-dividend date is Monday, December 16th. Las Vegas Sands’s dividend payout ratio (DPR) is 92.77%.
In other news, EVP Lawrence A. Jacobs sold 66,667 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $60.16, for a total value of $4,010,686.72. Following the completion of the sale, the executive vice president now directly owns 66,667 shares of the company’s stock, valued at approximately $4,010,686.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Kathleen Bender Patton sold 2,008 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $35.60, for a total transaction of $71,484.80. 10.50% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Las Vegas Sands by 0.5% during the second quarter. Vanguard Group Inc. now owns 22,610,132 shares of the casino operator’s stock valued at $1,336,033,000 after purchasing an additional 102,810 shares during the last quarter. BlackRock Inc. lifted its stake in Las Vegas Sands by 3.7% during the second quarter. BlackRock Inc. now owns 18,516,990 shares of the casino operator’s stock valued at $1,094,168,000 after purchasing an additional 664,769 shares during the last quarter. Boston Partners lifted its stake in Las Vegas Sands by 16.5% during the second quarter. Boston Partners now owns 6,063,064 shares of the casino operator’s stock valued at $358,510,000 after purchasing an additional 858,697 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Las Vegas Sands by 2,233.4% during the second quarter. Renaissance Technologies LLC now owns 2,431,354 shares of the casino operator’s stock valued at $143,669,000 after purchasing an additional 2,327,154 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Las Vegas Sands by 1.2% during the second quarter. Janus Henderson Group PLC now owns 2,392,794 shares of the casino operator’s stock valued at $141,464,000 after purchasing an additional 29,057 shares during the last quarter. 36.94% of the stock is owned by institutional investors.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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