Las Vegas Sands Corp. (NYSE:LVS) to Issue Quarterly Dividend of $0.20

Las Vegas Sands Corp. (NYSE:LVS) declared a quarterly dividend on Wednesday, October 23rd, Wall Street Journal reports. Stockholders of record on Tuesday, November 5th will be paid a dividend of 0.20 per share by the casino operator on Wednesday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, November 5th.

Las Vegas Sands has decreased its dividend payment by an average of 20.3% annually over the last three years. Las Vegas Sands has a dividend payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Las Vegas Sands to earn $2.76 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 29.0%.

Las Vegas Sands Stock Up 2.8 %

Shares of NYSE:LVS traded up $1.43 during trading on Thursday, hitting $52.47. The stock had a trading volume of 8,057,154 shares, compared to its average volume of 5,774,551. Las Vegas Sands has a 12 month low of $36.62 and a 12 month high of $55.65. The company has a market capitalization of $39.09 billion, a PE ratio of 25.35, a PEG ratio of 1.48 and a beta of 1.12. The firm’s fifty day moving average is $44.94 and its 200 day moving average is $44.40. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 EPS. Analysts anticipate that Las Vegas Sands will post 2.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group cut their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Barclays increased their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. UBS Group downgraded Las Vegas Sands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $49.00 in a research note on Friday, August 23rd. Finally, Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.92.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.