Las Vegas Sands (NYSE:LVS) Trading Down 4.2% – Here’s Why

Las Vegas Sands Corp. (NYSE:LVS)’s share price traded down 4.2% on Monday . The company traded as low as $46.50 and last traded at $46.8360. Approximately 1,413,175 shares were traded during trading, a decline of 71% from the average session volume of 4,933,830 shares. The stock had previously closed at $48.89.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Seaport Research Partners dropped their price objective on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. HSBC raised their price target on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a research note on Thursday, July 23rd. UBS Group set a $52.00 target price on Las Vegas Sands in a research note on Thursday, July 2nd. Finally, Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Las Vegas Sands currently has a consensus rating of “Hold” and a consensus price target of $61.88.

Las Vegas Sands Stock Performance

The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market capitalization of $30.37 billion, a P/E ratio of 18.22, a PEG ratio of 1.19 and a beta of 0.83. The business has a 50-day moving average price of $48.13 and a 200 day moving average price of $52.70.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the prior year, the firm earned $0.66 EPS. Las Vegas Sands’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Las Vegas Sands Corp. will post 3.12 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

Institutional Investors Weigh In On Las Vegas Sands

A number of large investors have recently bought and sold shares of LVS. International Assets Investment Management LLC purchased a new stake in shares of Las Vegas Sands in the 4th quarter valued at $26,000. DV Equities LLC purchased a new position in Las Vegas Sands during the fourth quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Las Vegas Sands in the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB boosted its position in Las Vegas Sands by 254.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 434 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

About Las Vegas Sands

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.