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

Las Vegas Sands Corp. (NYSE:LVS) announced a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Shareholders of record on Tuesday, August 6th will be given a dividend of 0.20 per share by the casino operator on Wednesday, August 14th. This represents a $0.80 annualized dividend and a 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% per year over the last three years. Las Vegas Sands has a payout ratio of 28.1% indicating that its dividend is sufficiently covered by earnings. Equities 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. The firm’s fifty day moving average is $42.73 and its two-hundred day moving average is $47.55. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.29 and a current ratio of 1.58. Las Vegas Sands has a one year low of $37.29 and a one year high of $58.68. The firm has a market cap of $28.36 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.04 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. Research analysts expect that Las Vegas Sands will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LVS. Morgan Stanley reduced their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Citigroup increased their price objective 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. Barclays cut their price objective on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. JPMorgan Chase & Co. cut 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 report on Thursday, April 18th. Finally, Macquarie cut their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.