Las Vegas Sands (NYSE:LVS) Reaches New 1-Year Low – Here’s Why

Las Vegas Sands Corp. (NYSE:LVS)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $45.62 and last traded at $45.84, with a volume of 140510 shares changing hands. The stock had previously closed at $46.19.

Analyst Ratings Changes

Several equities research analysts have recently commented on LVS shares. Jefferies Financial Group raised their target price on shares of Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Stifel Nicolaus increased their price target on shares of Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Weiss Ratings lowered shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. reduced their target price on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.28.

Las Vegas Sands Stock Up 1.7%

The firm has a market capitalization of $31.18 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.05 and a beta of 0.83. The company has a fifty day simple moving average of $50.51 and a 200 day simple moving average of $55.41. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company’s revenue was up 25.3% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. On average, equities analysts expect that Las Vegas Sands Corp. will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Tuesday, May 5th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 44.44%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Las Vegas Sands by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after acquiring an additional 2,418 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Las Vegas Sands by 38.9% in the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after purchasing an additional 8,132 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Las Vegas Sands by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after purchasing an additional 1,027 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Las Vegas Sands in the second quarter worth $414,000. Finally, Cerity Partners LLC raised its stake in shares of Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after purchasing an additional 7,243 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

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.