Key Points
- CEO Robert Goldstein sold 734,511 shares on December 15 at an average price of $66.80, a transaction worth about $49.07 million disclosed in an SEC filing.
- Strong quarterly results: Las Vegas Sands reported EPS of $0.78 vs. $0.62 expected and revenue of $3.33 billion (up 24.2% year-over-year), and the company has a market cap of roughly $45.6 billion.
- Dividend and analyst outlook: The company pays a $0.25 quarterly dividend (1.5% yield) and carries a consensus rating of "Moderate Buy" with a $67.52 price target, while some firms have raised targets into the $75–$80 range.
Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) CEO Robert Goldstein sold 15,489 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $66.24, for a total value of $1,025,991.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Las Vegas Sands Stock Performance
Shares of LVS opened at $67.39 on Wednesday. Las Vegas Sands Corp. has a 1 year low of $30.18 and a 1 year high of $70.45. The company has a market cap of $45.56 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 1.82 and a beta of 0.97. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a fifty day moving average of $61.24 and a 200-day moving average of $54.08.
Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.16. The business had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.
Las Vegas Sands Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, November 4th were paid a $0.25 dividend. The ex-dividend date was Tuesday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Las Vegas Sands's dividend payout ratio (DPR) is presently 45.25%.
Analyst Ratings Changes
Several brokerages have recently issued reports on LVS. Weiss Ratings reiterated a "hold (c+)" rating on shares of Las Vegas Sands in a research report on Monday. Argus boosted their price target on Las Vegas Sands from $65.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, December 1st. Stifel Nicolaus increased their price target on Las Vegas Sands from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, October 23rd. Wall Street Zen upgraded shares of Las Vegas Sands from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, The Goldman Sachs Group raised shares of Las Vegas Sands from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $64.00 to $80.00 in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $67.52.
Check Out Our Latest Stock Analysis on LVS
Institutional Trading of Las Vegas Sands
A number of hedge funds and other institutional investors have recently modified their holdings of LVS. Total Investment Management Inc. acquired a new stake in shares of Las Vegas Sands in the second quarter valued at $25,000. Westside Investment Management Inc. raised its position in Las Vegas Sands by 48.0% in the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator's stock worth $28,000 after acquiring an additional 166 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Las Vegas Sands in the 3rd quarter valued at about $33,000. Smartleaf Asset Management LLC boosted its position in shares of Las Vegas Sands by 549.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator's stock valued at $35,000 after purchasing an additional 533 shares in the last quarter. Finally, IFP Advisors Inc grew 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 worth $36,000 after purchasing an additional 434 shares during the last quarter. Institutional investors own 39.16% of the company's stock.
About Las Vegas Sands
(
Get Free Report)
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.
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