Traders Purchase Large Volume of Call Options on Las Vegas Sands Corp. (LVS)
Shares of Las Vegas Sands Corp. (NYSE:LVS) were the recipient of unusually large options trading on Tuesday. Stock investors purchased 20,562 call options on the company, ARN reports. This is an increase of 138% compared to the average volume of 8,650 call options.
LVS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Las Vegas Sands Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $76.00 price target on the stock. Separately, analysts at Telsey Advisory Group cut their price target on shares of Las Vegas Sands Corp. from $88.00 to $84.00 in a research note on Monday, June 9th. They now have a “not rated” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Las Vegas Sands Corp. in a research note on Thursday, June 5th. They now have a $90.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $82.19.
Las Vegas Sands Corp. (NYSE:LVS) traded up 0.66% during mid-day trading on Tuesday, hitting $73.67. 3,988,316 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 $88.28. The stock has a 50-day moving average of $75.53 and a 200-day moving average of $78.10. The company has a market cap of $60.024 billion and a P/E ratio of 24.01.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. Analysts expect that Las Vegas Sands Corp. will post $3.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders 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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