MGM Resorts International (MGM) to Release Quarterly Earnings on Wednesday

MGM Resorts International (NYSE:MGM - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $4.29 billion for the quarter.

MGM Resorts International (NYSE:MGM - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.08. MGM Resorts International had a return on equity of 21.08% and a net margin of 4.33%. On average, analysts expect MGM Resorts International to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MGM Resorts International Stock Up 2.1 %

MGM traded up $0.66 on Monday, reaching $32.33. 1,822,340 shares of the company traded hands, compared to its average volume of 4,663,038. MGM Resorts International has a 52-week low of $25.30 and a 52-week high of $47.26. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.30 and a quick ratio of 1.26. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.98 and a beta of 1.96. The stock's 50 day moving average price is $31.33 and its 200-day moving average price is $34.53.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating on shares of MGM Resorts International in a research note on Thursday, February 13th. Argus upgraded MGM Resorts International from a "hold" rating to a "buy" rating and set a $50.00 price target for the company in a research note on Friday, February 14th. Canaccord Genuity Group reiterated a "buy" rating on shares of MGM Resorts International in a report on Thursday, February 13th. Wedbush reaffirmed an "outperform" rating on shares of MGM Resorts International in a report on Thursday, February 13th. Finally, BTIG Research downgraded shares of MGM Resorts International from a "buy" rating to a "neutral" rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, MGM Resorts International presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.06.

Insider Buying and Selling at MGM Resorts International

In related news, CFO Jonathan S. Halkyard acquired 10,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $32.17 per share, for a total transaction of $321,700.00. Following the purchase, the chief financial officer now owns 75,648 shares in the company, valued at approximately $2,433,596.16. This trade represents a 15.23 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Todd Meinert sold 6,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $37.84, for a total value of $227,040.00. Following the completion of the sale, the chief accounting officer now owns 18,301 shares in the company, valued at $692,509.84. This trade represents a 24.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.06% of the company's stock.

About MGM Resorts International

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.