Somewhat Positive News Coverage Somewhat Unlikely to Impact Las Vegas Sands Corp. (NYSE:LVS) Stock Price
News coverage about Las Vegas Sands Corp. (NYSE:LVS) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Las Vegas Sands Corp. earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the casino operator an impact score of 46.2589862670265 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- After RJ report, Las Vegas convention board to review spending (reviewjournal.com)
- Las Vegas Sands : in the Community (4-traders.com)
- Xact Kapitalforvaltning AB Reduces Position in Las Vegas Sands Corp. (NYSE:LVS) (wisdomsave.com)
- Las Vegas Sands Corp. (LVS) Announces Quarterly Earnings Results (footballhebdo.com)
- Livforsakringsbolaget Skandia Omsesidigt Maintains Stake in Las Vegas Sands Corp. (NYSE:LVS) (elcumanes.com)
A number of research firms have recently weighed in on LVS. UBS AG restated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, April 11th. Stifel Nicolaus restated a “buy” rating and issued a $72.00 price target (up from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Zacks Investment Research cut shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Telsey Advisory Group raised their price target on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $54.00 price target (up from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $62.65.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.36% during mid-day trading on Wednesday, reaching $60.78. 3,295,495 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a one year low of $49.89 and a one year high of $66.22. The firm’s 50-day moving average is $62.70 and its 200 day moving average is $58.12. The firm has a market cap of $48.14 billion, a price-to-earnings ratio of 23.65 and a beta of 1.81.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.14. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. Analysts predict that Las Vegas Sands Corp. will post $2.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s payout ratio is currently 113.18%.
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Las Vegas Sands Corp. Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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