47.90 +0.11 (0.23%)
After hours: 7:11PM EDT
|Bid||47.80 x 800|
|Ask||47.94 x 900|
|Day's range||47.30 - 49.26|
|52-week range||33.30 - 74.29|
|Beta (5Y monthly)||1.62|
|PE ratio (TTM)||17.37|
|Earnings date||22 Jul 2020 - 27 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||17 Mar 2020|
|1y target est||59.12|
Las Vegas Sands (LVS) closed the most recent trading day at $47.94, moving -1.26% from the previous trading session.
Although the Big Three casinos are getting ready to open for business again in Las Vegas, Wall Street is urging caution and tempering investor expectations. UBS analyst Robin Farley reiterated her neutral position on Las Vegas Sands (NYSE: LVS), MGM Resorts (NYSE: MGM), and Wynn Resorts (NASDAQ: WYNN) while simultaneously lowering her price targets for all three gambling halls. Nevada Gov. Steve Sisolak announced yesterday that he set a June 4 reopening date for the casino industry, but as the stocks of the industry giants have roared back after collapsing under the weight of the coronavirus pandemic, Farley thinks it's time to apply the brakes.
Las Vegas Sands (LVS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) shuttered their casinos in the Chinese gambling mecca of Macao. Then, once the contagion took hold in the United States, their casinos in Las Vegas followed suit. Now, as the Las Vegas casinos begin to transition toward reopening, investors in both companies have to deal with the fallout from weeks of closure.
Sheldon Adelson, the CEO of Las Vegas Sands (NYSE: LVS), made clear last month that the resort company was in the market for an acquisition. It would have to be the right target in the right market, namely Asia, and be a resort operator that could complement Sands' own operational attributes. John DeCree, an analyst at the boutique investment bank Union Gaming, thinks Wynn Resorts (NASDAQ: WYNN) would be the perfect target for Adelson.
For those eager to return to the glitz and excitement of Sin City, Las Vegas Sands (NYSE: LVS) offered good news today: The casino and resort giant is now accepting reservations for the June 1 reopening of its Venetian Resort. Located on the world-famous Las Vegas Strip, the luxurious Venetian is the second-largest hotel in the world, and houses the Las Vegas Sands headquarters. Las Vegas Sands closed its facilities on March 19 because of the COVID-19 pandemic.
Casino giant Caesars’ mountains of debt raises uncertainty about its pending merger with Eldorado (ERI) amid the pandemic, says Dan Wasiolek, senior equity analyst at Morningstar.
Concerns over the coronavirus pandemic continues to hurt the gambling stocks. Moreover, Las Vegas Sands (LVS) abandons its pursuit of Integrated Resort (IR) development in Japan.
The biggest growth opportunity Las Vegas Sands (NYSE: LVS) has had in more than a decade has now been abandoned. On Tuesday night, the company sent out a press release that said it was abandoning its pursuit of an integrated resort in Japan. The move follows years of speculation and delays; Japan still hasn't set concrete rules for obtaining or running a casino in the country.
Las Vegas Sands (NYSE: LVS) will no longer try to build an integrated resort (IR) in Japan. The world-class casino operator doesn't believe the 10-year time frame for a concession is long enough to generate a sufficient return to warrant investing at least $10 billion in a resort. Japan is trying to develop a legalized casino industry in a country where the majority of people are said to oppose it, but the legislative process to create it has dragged on for years and introduced roadblocks into the process.
The ability to implement travel restrictions will determine whether the Las Vegas Strip can reopen without having to close again.
A few companies are already giving the public a glimpse of life after stringent coronavirus restrictions wind down in earnest.
The Zacks Analyst Blog Highlights: Procter & Gamble, Exxon Mobil, Adobe Systems, Comcast and Las Vegas Sands
KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Las Vegas Sands (NYSE:LVS) who held large, unhedged concentrated positions in Las Vegas Sands stock and/or received margin calls resulting in the forced sale of stock. The recent losses were the result of unsuitable advice during the Coronavirus ("COVID-19") pandemic. The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Las Vegas Sands stock.
Despite the changes that are coming, I think Verizon Communications (NYSE: VZ), Apple (NASDAQ: AAPL), and Las Vegas Sands (NYSE: LVS) will prove to be value stocks investors can buy and hold over the long term. You can see below that Verizon's revenue and earnings have been choppy, but stable, as more devices are connected to its network. 5G is another growth opportunity for Verizon, enabling faster connections and new opportunities like home mobile internet hubs and more connected devices.
What happened Travel stocks jumped once again on Monday after the market took a more optimistic view of the COVID-19 pandemic. Georgia was the highest-profile state to begin opening its economy, and others are slowly making moves to bring businesses on line.
Las Vegas Sands (LVS) delivered earnings and revenue surprises of 62.50% and 13.50%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?