Las Vegas Sands Corp. (NYSE:LVS) Announces Quarterly Dividend of $0.20

Las Vegas Sands Corp. (NYSE:LVS) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Tuesday, May 7th will be paid a dividend of 0.20 per share by the casino operator on Wednesday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, May 6th.

Las Vegas Sands has decreased its dividend by an average of 20.3% per year over the last three years. Las Vegas Sands has a payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Las Vegas Sands to earn $3.13 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 25.6%.

Las Vegas Sands Trading Down 8.7 %

NYSE LVS opened at $45.88 on Friday. Las Vegas Sands has a twelve month low of $43.77 and a twelve month high of $65.58. The business’s fifty day moving average is $52.22 and its 200 day moving average is $49.60. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 2.96. The company has a market cap of $34.47 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 41.81% and a net margin of 13.99%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. As a group, sell-side analysts expect that Las Vegas Sands will post 2.67 EPS for the current fiscal year.

Insider Activity at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Las Vegas Sands

A number of hedge funds have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new position in shares of Las Vegas Sands during the second quarter worth approximately $29,000. Retirement Group LLC acquired a new position in Las Vegas Sands during the fourth quarter worth $31,000. Lazard Asset Management LLC lifted its stake in shares of Las Vegas Sands by 1,951.2% in the third quarter. Lazard Asset Management LLC now owns 841 shares of the casino operator’s stock valued at $38,000 after buying an additional 800 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in shares of Las Vegas Sands during the second quarter valued at about $46,000. Finally, Dark Forest Capital Management LP grew its holdings in shares of Las Vegas Sands by 83,900.0% during the first quarter. Dark Forest Capital Management LP now owns 840 shares of the casino operator’s stock valued at $48,000 after buying an additional 839 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LVS has been the subject of several recent research reports. Stifel Nicolaus decreased their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley increased their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Citigroup raised their target price on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Mizuho lowered their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average target price of $64.47.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.