Las Vegas Sands (NYSE:LVS) Hits New 12-Month Low – Time to Sell?

Las Vegas Sands Corp. (NYSE:LVS)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $39.73 and last traded at $39.9490, with a volume of 18101932 shares changing hands. The stock had previously closed at $39.98.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price objective on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Susquehanna reduced their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Las Vegas Sands in a report on Friday, August 21st. Bank of America dropped their price objective on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Finally, Seaport Research Partners decreased their price objective on Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.84.

Las Vegas Sands Stock Performance

The stock’s 50 day moving average is $45.26 and its two-hundred day moving average is $49.50. The firm has a market capitalization of $25.86 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.99 and a beta of 0.83. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the business posted $0.66 earnings per share. Las Vegas Sands’s revenue was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 3.09 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors have recently made changes to their positions in LVS. Sequoia Financial Advisors LLC boosted its holdings in Las Vegas Sands by 27.1% during the second quarter. Sequoia Financial Advisors LLC now owns 9,430 shares of the casino operator’s stock worth $436,000 after buying an additional 2,009 shares during the last quarter. Tidal Investments LLC grew its holdings in Las Vegas Sands by 50.0% during the second quarter. Tidal Investments LLC now owns 70,778 shares of the casino operator’s stock valued at $3,269,000 after purchasing an additional 23,597 shares during the period. National Pension Service increased its stake in Las Vegas Sands by 5.2% in the second quarter. National Pension Service now owns 378,405 shares of the casino operator’s stock valued at $17,479,000 after purchasing an additional 18,593 shares in the last quarter. Arizona State Retirement System increased its position in shares of Las Vegas Sands by 3.5% in the 2nd quarter. Arizona State Retirement System now owns 85,620 shares of the casino operator’s stock valued at $3,955,000 after buying an additional 2,930 shares in the last quarter. Finally, Empirical Finance LLC increased its position in shares of Las Vegas Sands by 103.7% in the 2nd quarter. Empirical Finance LLC now owns 23,058 shares of the casino operator’s stock valued at $1,065,000 after buying an additional 11,739 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

Las Vegas Sands Corp. (NYSE: LVS) develops and operates integrated resorts that combine casino gaming with hotels, convention and meeting facilities, dining, retail, entertainment and other leisure offerings. The company primarily serves international tourism, business travel and premium gaming markets.

Las Vegas Sands’ principal properties are Marina Bay Sands in Singapore and a portfolio of integrated resorts in Macao, including The Venetian Macao, The Londoner Macao, The Parisian Macao and Four Seasons Hotel Macao.