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

Las Vegas Sands Corp. (NYSE:LVS) announced a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Stockholders of record on Tuesday, August 6th will be paid a dividend of 0.20 per share by the casino operator on Wednesday, August 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, August 6th.

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 28.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Las Vegas Sands to earn $2.78 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 28.8%.

Las Vegas Sands Price Performance

NYSE:LVS opened at $38.06 on Monday. Las Vegas Sands has a 12 month low of $37.29 and a 12 month high of $58.68. The company’s 50-day moving average price is $42.73 and its two-hundred day moving average price is $47.55. The firm has a market cap of $28.36 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. The company has a quick ratio of 1.29, 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, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. On average, equities analysts anticipate that Las Vegas Sands will post 2.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays decreased their target price on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. dropped their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Jefferies Financial Group dropped their target price on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Citigroup lifted their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Stifel Nicolaus decreased their price target on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Company Profile

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.