Las Vegas Sands Corp. Declares Quarterly Dividend of $0.50 (LVS)
Las Vegas Sands Corp. (NYSE:LVS) declared a quarterly dividend on Wednesday, January 29th, AR Network reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.50 per share on Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 2.71%.
LVS has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Las Vegas Sands Corp. from $84.00 to $90.00 in a research note to investors on Tuesday, January 14th. They now have a “buy” rating on the stock. On a related note, analysts at Susquehanna raised their price target on shares of Las Vegas Sands Corp. from $82.00 to $93.00 in a research note to investors on Tuesday, January 14th. They now have a “positive” rating on the stock. Finally, analysts at Bank of America Corp. raised their EPS on shares of Las Vegas Sands Corp. in a research note to investors on Monday, January 13th. They now have a “buy” rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $77.67.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 1.77% during mid-day trading on Wednesday, hitting $73.93. 7,144,638 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 52 week low of $47.95 and a 52 week high of $82.48. The stock has a 50-day moving average of $78.32 and a 200-day moving average of $67.61. The company has a market cap of $60.859 billion and a P/E ratio of 28.73.
Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.02. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the company posted $0.54 earnings per share. Las Vegas Sands Corp.’s revenue was up 18.8% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post $3.01 EPS for the current fiscal year.
In other Las Vegas Sands Corp. news, COO Michael Leven unloaded 88,866 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $75.39, for a total value of $6,699,607.74. Following the completion of the sale, the chief operating officer now directly owns 416,151 shares of the company’s stock, valued at approximately $31,373,624. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Las Vegas Sands Corp. is a developer of destination properties (NYSE:LVS) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
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