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

Las Vegas Sands Corp. (NYSE:LVS) announced a quarterly dividend on Wednesday, October 23rd, Wall Street Journal reports. Stockholders of record on Tuesday, November 5th will be given a dividend of 0.20 per share by the casino operator on Wednesday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, November 4th.

Las Vegas Sands has decreased its dividend by an average of 20.3% per year over the last three years. Las Vegas Sands has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Las Vegas Sands to earn $2.74 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 29.2%.

Las Vegas Sands Stock Down 0.2 %

Las Vegas Sands stock opened at $51.73 on Friday. The company has a fifty day simple moving average of $46.61 and a 200 day simple moving average of $44.46. The company has a current ratio of 0.90, a quick ratio of 1.57 and a debt-to-equity ratio of 3.09. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a market cap of $37.51 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 1.36 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the firm posted $0.55 EPS. Las Vegas Sands’s revenue was down 4.0% compared to the same quarter last year. Research analysts anticipate that Las Vegas Sands will post 2.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LVS. Morgan Stanley raised their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. UBS Group downgraded shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and cut their target price for the company from $70.00 to $49.00 in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Wells Fargo & Company raised their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.92.

Insider Activity

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the sale, the chief executive officer now owns 84,511 shares in the company, valued at $4,540,776.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by company insiders.

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.