Las Vegas Sands Corp. (LVS) To Go Ex-Dividend on May 5th

Las Vegas Sands Corp. (NYSE:LVS) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Tuesday, May 5th will be paid a dividend of 0.30 per share by the casino operator on Wednesday, May 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, May 5th.

Las Vegas Sands has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Las Vegas Sands has a payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Las Vegas Sands to earn $3.65 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 32.9%.

Las Vegas Sands Trading Down 1.4%

Shares of LVS opened at $53.85 on Friday. The stock has a fifty day moving average price of $54.66 and a two-hundred day moving average price of $59.08. The company has a debt-to-equity ratio of 8.64, a quick ratio of 1.13 and a current ratio of 0.92. Las Vegas Sands has a 52-week low of $37.24 and a 52-week high of $70.45. The company has a market cap of $35.68 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.23 and a beta of 0.85.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. Analysts predict that Las Vegas Sands will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

LVS has been the topic of several analyst reports. Citigroup increased their target price on Las Vegas Sands from $76.75 to $78.50 and gave the company a “buy” rating in a research note on Monday, April 13th. Jefferies Financial Group lifted their target price on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. The Goldman Sachs Group reduced their target price on Las Vegas Sands from $80.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Seaport Research Partners reduced their target price on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Finally, Morgan Stanley lifted their target price on Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.28.

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.