Investors sold shares of Las Vegas Sands Corp. (NYSE:LVS) on strength during trading on Thursday. $30.18 million flowed into the stock on the tick-up and $45.81 million flowed out of the stock on the tick-down, for a money net flow of $15.63 million out of the stock. Of all companies tracked, Las Vegas Sands Corp. had the 0th highest net out-flow for the day. Las Vegas Sands Corp. traded up $0.63 for the day and closed at $55.68
Several equities research analysts have recently commented on the stock. Wells Fargo & Co. restated a “market perform” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 5th. Vetr lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $48.18 price target for the company. in a report on Wednesday, June 1st. Buckingham Research initiated coverage on shares of Las Vegas Sands Corp. in a report on Thursday, August 11th. They issued a “neutral” rating and a $55.00 price target for the company. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, July 17th. Finally, Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Eleven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $52.91.
The company has a market capitalization of $44.24 billion, a P/E ratio of 27.11 and a beta of 2.09. The firm has a 50-day moving average price of $51.31 and a 200-day moving average price of $48.59.
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Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Monday, July 25th. The casino operator reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, equities analysts predict that Las Vegas Sands Corp. will post $2.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.88 dividend on an annualized basis and a yield of 5.17%. Las Vegas Sands Corp.’s payout ratio is currently 140.49%.
Las Vegas Sands Corp. Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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