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

Las Vegas Sands Corp. (NYSE:LVS) 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 traded. The stock had previously closed at $43.81.

Wall Street Analysts Forecast Growth

LVS has been the subject of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Zacks Research downgraded Las Vegas Sands from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Citigroup decreased their price target on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Mizuho lowered their price target on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Finally, Morgan Stanley dropped their price objective on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Ten equities 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.88.

Las Vegas Sands Stock Performance

The firm has a market capitalization of $28.36 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.08 and a beta of 0.83. 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’s 50-day moving average is $46.25 and its 200-day moving average is $50.78.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share 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 analyst estimates 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 quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. On average, analysts predict that Las Vegas Sands Corp. will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were given a dividend of $0.30 per share. The ex-dividend date 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%.

Hedge Funds Weigh In On Las Vegas Sands

Several large investors have recently bought and sold shares of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Las Vegas Sands by 8.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after buying an additional 2,418 shares during the period. Woodline Partners LP raised its stake in shares of Las Vegas Sands by 38.9% during the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after acquiring an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Las Vegas Sands by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after acquiring an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Las Vegas Sands during the second quarter worth $414,000. Finally, Cerity Partners LLC lifted its holdings in shares of Las Vegas Sands by 70.0% during the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after purchasing an additional 7,243 shares during the period. 39.16% of the stock is currently 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.