Las Vegas Sands Corp. (LVS) To Go Ex-Dividend on August 4th

Las Vegas Sands Corp. (NYSE:LVS) announced a quarterly dividend on Tuesday, July 21st. Stockholders of record on Tuesday, August 4th will be paid a dividend of 0.30 per share by the casino operator on Wednesday, August 12th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 4th.

Las Vegas Sands has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. Las Vegas Sands has a payout ratio of 42.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Las Vegas Sands to earn $3.48 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 34.5%.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS opened at $49.02 on Friday. Las Vegas Sands has a twelve month low of $44.21 and a twelve month high of $70.45. The firm has a market cap of $31.75 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.29 and a beta of 0.83. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.91 and a current ratio of 1.00. The business has a fifty day moving average of $48.13 and a 200-day moving average of $52.75.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results 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). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. On average, equities research analysts predict that Las Vegas Sands will post 3.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LVS. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a research 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. Wall Street Zen cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday. Finally, HSBC boosted their price objective on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Ten investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.88.

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.