Las Vegas Sands Corp. Sees Significant Growth in Short Interest (LVS)
Las Vegas Sands Corp. (NYSE:LVS) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 7,880,667 shares, an increase of 54.9% from the April 15th total of 5,087,811 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 7,398,730 shares, the short-interest ratio is presently 1.1 days. Approximately 2.1% of the shares of the company are short sold.
LVS has been the subject of a number of recent research reports. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, May 13th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Las Vegas Sands Corp. in a research note on Monday, April 28th. They now have a $92.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Las Vegas Sands Corp. to $87.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Las Vegas Sands Corp. has a consensus rating of “Buy” and a consensus price target of $83.10.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 73.88 on Thursday. Las Vegas Sands Corp. has a 1-year low of $47.95 and a 1-year high of $88.28. The stock has a 50-day moving average of $76.68 and a 200-day moving average of $77.48. The company has a market cap of $60.195 billion and a P/E ratio of 23.78.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.04. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. Analysts expect that Las Vegas Sands Corp. will post $3.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 20th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, June 18th.
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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