Las Vegas Sands (NYSE:LVS) Hits New 12-Month Low – Here’s What Happened

Las Vegas Sands Corp. (NYSE:LVS) hit a new 52-week low during trading on Thursday . The company traded as low as $43.92 and last traded at $44.1170, with a volume of 4701786 shares. The stock had previously closed at $46.23.

Analyst Ratings Changes

LVS has been the topic of a number of research reports. Susquehanna dropped their target price on Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a report on Wednesday, July 22nd. Morgan Stanley dropped their price objective on shares of Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. HC Wainwright cut shares of Las Vegas Sands to a “neutral” rating in a report on Thursday, July 30th. Zacks Research downgraded shares of Las Vegas Sands from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company reduced their price objective on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.88.

Las Vegas Sands Price Performance

The company’s 50-day simple moving average is $46.57 and its 200 day simple moving average is $51.15. The company has a market capitalization of $28.57 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.16 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data 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). The business 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 firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. As a group, sell-side analysts expect 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 paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is 46.69%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Swiss Life Asset Management Ltd increased its position in Las Vegas Sands by 116.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 148,196 shares of the casino operator’s stock worth $9,646,000 after purchasing an additional 79,641 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Las Vegas Sands by 411.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 44,208 shares of the casino operator’s stock worth $2,877,000 after purchasing an additional 35,566 shares during the last quarter. Wealthfront Advisers LLC lifted its position in Las Vegas Sands by 40.6% during the 4th quarter. Wealthfront Advisers LLC now owns 67,446 shares of the casino operator’s stock valued at $4,390,000 after purchasing an additional 19,488 shares during the period. SG Americas Securities LLC lifted its position in Las Vegas Sands by 74.2% during the 1st quarter. SG Americas Securities LLC now owns 1,529,236 shares of the casino operator’s stock valued at $82,395,000 after purchasing an additional 651,214 shares during the period. Finally, Fieldview Capital Management LLC bought a new position in shares of Las Vegas Sands in the 4th quarter valued at about $4,561,000. 39.16% of the stock is 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.