Las Vegas Sands Corp. (LVS) to Issue Quarterly Dividend of $0.20 on November 13th

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 given 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% per year over the last three years. Las Vegas Sands has a 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 Price Performance

Las Vegas Sands stock opened at $52.47 on Friday. The stock has a market cap of $39.09 billion, a P/E ratio of 25.35, a PEG ratio of 1.48 and a beta of 1.12. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The company has a 50-day moving average price of $44.94 and a 200 day moving average price of $44.40. Las Vegas Sands has a 12-month low of $36.62 and a 12-month high of $55.65.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LVS. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Susquehanna upped their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. UBS Group downgraded Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $49.00 in a research note on Friday, August 23rd. Morgan Stanley raised their price target on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Stifel Nicolaus raised their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.