Seaport Res Ptn Issues Negative Forecast for MGM Earnings

Key Points

• Seaport Res Ptn has lowered its Q3 2025 earnings per share forecast for MGM Resorts International from $0.48 to $0.45, maintaining a "Hold" rating on the stock.
• Citigroup upgraded MGM from a "hold" to a "strong-buy" rating with a target price increase from $55.00 to $57.00, while other analysts have varied opinions ranging from "sell" to "outperform."
• MGM Resorts International's recent quarterly earnings exceeded expectations, reporting $0.79 EPS on revenue of $4.40 billion, reflecting a year-over-year revenue growth of 1.8%.

MGM Resorts International (NYSE:MGM - Free Report) - Equities research analysts at Seaport Res Ptn cut their Q3 2025 earnings per share (EPS) estimates for MGM Resorts International in a report released on Wednesday, July 30th. Seaport Res Ptn analyst V. Umansky now forecasts that the company will earn $0.45 per share for the quarter, down from their prior forecast of $0.48. Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for MGM Resorts International's current full-year earnings is $2.21 per share. Seaport Res Ptn also issued estimates for MGM Resorts International's Q4 2025 earnings at $0.65 EPS.

MGM Resorts International (NYSE:MGM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.21. MGM Resorts International had a return on equity of 19.39% and a net margin of 3.13%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the company earned $0.86 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year.

Several other brokerages have also commented on MGM. JMP Securities reiterated a "market perform" rating on shares of MGM Resorts International in a report on Thursday, June 26th. Truist Financial upped their price objective on MGM Resorts International from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group initiated coverage on MGM Resorts International in a report on Monday, July 7th. They set a "sell" rating and a $34.00 price target for the company. UBS Group boosted their price objective on MGM Resorts International from $37.00 to $42.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of MGM Resorts International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $38.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $48.56.

MGM Resorts International Trading Down 1.9%

Shares of MGM traded down $0.66 during mid-day trading on Friday, reaching $34.85. 3,066,634 shares of the company's stock traded hands, compared to its average volume of 5,455,187. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.22 and a quick ratio of 1.18. The stock's 50-day moving average is $35.21 and its two-hundred day moving average is $33.42. MGM Resorts International has a 12 month low of $25.30 and a 12 month high of $42.53. The stock has a market cap of $9.49 billion, a P/E ratio of 19.12, a P/E/G ratio of 2.15 and a beta of 1.81.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MGM. TD Waterhouse Canada Inc. increased its stake in MGM Resorts International by 8.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,190 shares of the company's stock valued at $111,000 after acquiring an additional 261 shares during the period. XML Financial LLC raised its holdings in MGM Resorts International by 0.9% in the 2nd quarter. XML Financial LLC now owns 30,884 shares of the company's stock valued at $1,062,000 after acquiring an additional 287 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in MGM Resorts International by 4.1% in the second quarter. Concurrent Investment Advisors LLC now owns 7,975 shares of the company's stock valued at $274,000 after purchasing an additional 315 shares during the last quarter. Amalgamated Bank boosted its position in shares of MGM Resorts International by 0.8% during the 1st quarter. Amalgamated Bank now owns 43,933 shares of the company's stock valued at $1,302,000 after purchasing an additional 329 shares in the last quarter. Finally, Quarry LP raised its position in shares of MGM Resorts International by 24.1% during the first quarter. Quarry LP now owns 1,795 shares of the company's stock worth $53,000 after purchasing an additional 349 shares during the period. Hedge funds and other institutional investors own 68.11% of the company's stock.

Insider Activity at MGM Resorts International

In related news, Director Daniel J. Taylor sold 5,261 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $34.93, for a total transaction of $183,766.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Corey Ian Sanders sold 40,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $34.43, for a total value of $1,377,200.00. Following the completion of the transaction, the chief operating officer owned 281,530 shares in the company, valued at $9,693,077.90. The trade was a 12.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 105,261 shares of company stock worth $3,486,367 in the last 90 days. Corporate insiders own 3.06% of the company's stock.

MGM Resorts International announced that its board has initiated a stock buyback program on Wednesday, April 30th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 22.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.