Las Vegas Sands Corp. (LVS) was Upgraded by Argus to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Argus advised their investors in a research report released on Sep 14, 2016.
Many Wall Street Analysts have commented on Las Vegas Sands Corp.. Company shares were Reiterated by Stifel on Sep 8, 2016 to “Buy”, Firm has raised the Price Target to $ 61 from a previous price target of $56 .Company shares were Reiterated by Telsey Advisory Group on Jul 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .Shares were Reiterated by UBS on Jul 8, 2016 to “Neutral” and Lowered the Price Target to $ 44 from a previous price target of $52 .
On the company’s financial health, Las Vegas Sands Corp. reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $0.56. The company had revenue of $2650.00 million for the quarter, compared to analysts expectations of $2750.98 million. The company’s revenue was down -9.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.
Las Vegas Sands Corp. opened for trading at $55 and hit $57.15 on the upside on Monday, eventually ending the session at $56.89, with a gain of 2.25% or 1.25 points. The heightened volatility saw the trading volume jump to 5,663,919 shares. Company has a market cap of $45,214 M.
Investors should note that on Jul 25, 2016, Las Vegas Sands Corp. announced a cash dividend of $0.7200. The company’s management has announced Sep 20, 2016 as the ex-dividend date and fixed the record date on Sep 22, 2016. The payable date has been fixed on Sep 30, 2016.
In a different news, on Jan 6, 2016, Robert G Goldstein (President & COO) sold 97,943 shares at $42.25 per share price. According to the SEC, on Jan 4, 2016, George Tanasijevich (Pres & CEO/Marina Bay Sands) sold 6,341 shares at $43.77 per share price. On Nov 3, 2015, Ira H Raphaelson (EVP & Global General Counsel) sold 8,768 shares at $49.76 per share price, according to the Form-4 filing with the securities and exchange commission.
Las Vegas Sands Corp. (LVSC) is a developer of destination properties that offers accommodations gaming entertainment and retail convention and exhibition facilities celebrity chef restaurants and other amenities. The Companys principal operating and developmental activities occur in three geographic areas: Macao Singapore and the United States. In Macao its operating segments are The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao and Other Asia (that includes its ferry operations and various other operations). In Singapore its operating segment is Marina Bay Sands. In the United States its operating segments are The Venetian Las Vegas which includes the Sands Expo Center and The Palazzo and Sands Bethlehem. The Paiza Club located at the Companys properties is an invitation-only club which offers a range of services and amenities. The Company also offers players club loyalty programs at its properties.