Las Vegas Sands Corp. Sees Unusually Large Options Volume (LVS)
Shares of Las Vegas Sands Corp. (NYSE:LVS) saw some unusual options trading activity on Wednesday. Traders bought 14,708 put options on the company, Analyst Ratings Net reports. This is an increase of 157% compared to the typical daily volume of 5,726 put 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, June 13th. 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $82.19.
Las Vegas Sands Corp. (NYSE:LVS) traded up 1.35% on Wednesday, hitting $74.16. 5,119,046 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a one year low of $47.95 and a one year high of $88.28. The stock has a 50-day moving average of $75.51 and a 200-day moving average of $78.1. The company has a market cap of $60.423 billion and a P/E ratio of 24.01.
Las Vegas Sands Corp. (NYSE:LVS) last announced its 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. On average, analysts predict that Las Vegas Sands Corp. will post $3.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date 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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