MGM Resorts International Company Profile (NYSE:MGM)

About MGM Resorts International

MGM Resorts International logoMGM Resorts International is a holding company. The Company owns and operates casino resorts. It operates in two segments: wholly owned domestic resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It has additional business activities, including its investments in unconsolidated affiliates, and other corporate and management operations. Its wholly owned domestic resorts consisted of casino resorts in Las Vegas, Nevada, which includes Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Monte Carlo and Circus Circus Las Vegas. It also operates other casinos, which includes MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi, and Gold Strike Tunica in Tunica, Mississippi. MGM China's operations consist of the MGM Macau resort and casino and the development of an integrated casino, hotel, and entertainment resort on the Cotai Strip in Macau.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Resorts & Casinos
  • Sub-Industry: Casinos & Gaming
  • Exchange: NYSE
  • Symbol: MGM
  • CUSIP: 55295310
Key Metrics:
  • Previous Close: $26.35
  • 50 Day Moving Average: $24.75
  • 200 Day Moving Average: $23.23
  • 52-Week Range: C$16.18 - C$26.39
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 23.53
  • P/E Growth: 3.93
  • Market Cap: $14.80B
  • Outstanding Shares: 565,614,000
  • Beta: 1.93
Profitability:
  • Net Margins: -1.90%
  • Return on Equity: 3.65%
  • Return on Assets: 1.21%
Debt:
  • Debt-to-Equity Ratio: 1.30%
  • Current Ratio: 1.67%
  • Quick Ratio: 1.61%
Additional Links:
Companies Related to MGM Resorts International:

Analyst Ratings

Consensus Ratings for MGM Resorts International (NYSE:MGM) (?)
Ratings Breakdown: 1 Hold Rating, 19 Buy Ratings
Consensus Rating:Buy (Score: 2.95)
Consensus Price Target: C$28.13 (6.77% upside)

Analysts' Ratings History for MGM Resorts International (NYSE:MGM)
Show:
DateFirmActionRatingPrice TargetDetails
9/20/2016Credit Agricole SAReiterated RatingOverweight$29.00View Rating Details
9/16/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
9/15/2016Stifel NicolausReiterated RatingBuy$20.00View Rating Details
9/8/2016SusquehannaReiterated RatingPositive$30.00View Rating Details
8/11/2016Buckingham ResearchInitiated CoverageBuy$31.00View Rating Details
6/17/2016JPMorgan Chase & Co.Reiterated RatingBuyView Rating Details
6/17/2016Wells Fargo & Co.Reiterated RatingBuyView Rating Details
6/17/2016Telsey Advisory GroupBoost Price TargetOutperform$27.00 -> $29.00View Rating Details
6/1/2016NomuraReiterated RatingBuy$28.00View Rating Details
5/12/2016ArgusReiterated RatingHoldView Rating Details
5/9/2016Goldman Sachs Group Inc.Reiterated RatingBuyView Rating Details
5/8/2016Sterne Agee CRTReiterated RatingBuy$27.50 -> $30.00View Rating Details
5/6/2016Morgan StanleyInitiated CoverageOverweight$29.00View Rating Details
4/21/2016HSBCReiterated RatingBuyView Rating Details
4/13/2016Citigroup Inc.Boost Price TargetBuy$29.00 -> $32.00View Rating Details
2/22/2016Janney Montgomery ScottReiterated RatingPositive$28.00 -> $25.00View Rating Details
2/20/2016Credit Suisse Group AGReiterated RatingOutperformView Rating Details
2/1/2016Sanford C. BernsteinReiterated RatingOutperformView Rating Details
1/1/2016GabelliReiterated RatingBuyView Rating Details
11/4/2015Barclays PLCBoost Price TargetOverweight$22.00 -> $26.00View Rating Details
8/5/2015Brean CapitalReiterated RatingBuy$25.00View Rating Details
3/19/2015Craig HallumReiterated RatingBuy$27.00View Rating Details
1/22/2015Union Gaming ResearchInitiated CoverageBuyView Rating Details
12/10/2014FBR & CoLower Price TargetOutperform$35.00 -> $30.00View Rating Details
10/14/2014Bank of America Corp.Reiterated RatingBuy$30.00 -> $26.00View Rating Details
(Data available from 9/29/2014 forward)

Earnings

Earnings History for MGM Resorts International (NYSE:MGM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016        
8/4/2016Q216$0.28$0.26$2.33 billion$2.45 billionViewN/AView Earnings Details
5/5/2016Q116$0.11$0.12$2.28 billion$2.21 billionViewN/AView Earnings Details
2/18/2016Q415$0.08($1.38)$2.25 billion$2.19 billionViewListenView Earnings Details
10/29/2015Q315$0.04$0.12$2.30 billion$2.28 billionViewListenView Earnings Details
8/4/2015Q215$0.11$0.17$2.38 million$2.39 billionViewN/AView Earnings Details
5/4/2015Q115$0.14$0.33$2.40 billion$2.33 billionViewN/AView Earnings Details
4/2/2015$0.06$0.01ViewN/AView Earnings Details
2/17/2015Q414$0.06($0.70)$2.41 billion$2.39 billionViewN/AView Earnings Details
10/30/2014Q314$0.06$0.06$2.49 billion$2.50 billionViewN/AView Earnings Details
8/5/2014Q214$0.11$0.21$2.57 billion$2.60 billionViewN/AView Earnings Details
4/29/2014Q114$0.09$0.21$2.58 billion$2.60 billionViewN/AView Earnings Details
2/19/2014Q413($0.01)($0.08)$2.46 billion$2.50 billionViewN/AView Earnings Details
10/31/2013Q313($0.03)($0.07)$2.42 billion$2.50 billionViewN/AView Earnings Details
8/6/2013Q2 2013$0.01$0.04$2.47 billion$2.50 billionViewN/AView Earnings Details
5/2/2013Q1 2013($0.10)$0.01$2.34 billion$2.35 billionViewN/AView Earnings Details
2/20/2013Q4 2012($0.27)($0.23)$2.31 billion$2.29 billionViewN/AView Earnings Details
10/31/2012($0.16)($0.37)ViewN/AView Earnings Details
8/7/2012($0.14)($0.12)ViewN/AView Earnings Details
5/3/2012($0.15)($0.44)ViewN/AView Earnings Details
2/22/2012($0.20)($0.22)ViewN/AView Earnings Details
11/3/2011($0.15)($0.14)ViewN/AView Earnings Details
8/8/2011($0.13)$6.22ViewN/AView Earnings Details
5/4/2011($0.19)($0.18)ViewN/AView Earnings Details
2/14/2011($0.22)($0.20)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MGM Resorts International (NYSE:MGM)
Current Year EPS Consensus Estimate: $0.65 EPS
Next Year EPS Consensus Estimate: $1.12 EPS

Dividends

Dividend History for MGM Resorts International (NYSE:MGM)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for MGM Resorts International (NYSE:MGM)
Insider Ownership Percentage: 16.90%
Institutional Ownership Percentage: 71.23%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/1/2016Corp TracindaMajor ShareholderSell4,000,000C$100,000,000.00C$400,000,000,000,000.00View SEC Filing  
8/31/2016John McmanusEVPSell12,363C$24.44C$302,151.72View SEC Filing  
8/12/2016Alexis HermanDirectorSell2,391C$24.66C$58,962.06View SEC Filing  
6/14/2016Mary Christine GayDirectorSell5,300C$23.89C$126,617.00View SEC Filing  
6/1/2016Rose Mckinney-JamesDirectorSell2,948C$23.33C$68,776.84View SEC Filing  
5/25/2016John McmanusEVPSell4,116C$22.88C$94,174.08View SEC Filing  
5/24/2016Corey Ian SandersCOOSell33,090C$22.63C$748,826.70View SEC Filing  
5/20/2016William HornbucklePresidentSell30,354C$21.51C$652,914.54View SEC Filing  
5/16/2016Daniel J TaylorDirectorSell12,631C$22.06C$278,639.86View SEC Filing  
5/10/2016Corey Ian SandersCOOSell32,894C$22.36C$735,509.84View SEC Filing  
3/14/2016Roland A HernandezDirectorSell12,285C$21.06C$258,722.10View SEC Filing  
3/11/2016Edward Leith EllwoodInsiderBuy1,000C$0.06C$60.00
3/11/2016William Warwick GroundsDirectorBuy1,250C$20.77C$25,962.50View SEC Filing  
3/10/2016Phyllis JamesEVPSell18,520C$20.30C$375,956.00View SEC Filing  
3/9/2016Corey Ian SandersCOOSell40,119C$20.06C$804,787.14View SEC Filing  
3/9/2016Edward Leith EllwoodInsiderBuy1,000C$0.06C$60.00
2/24/2016William A BibleDirectorBuy1,000C$17.80C$17,800.00View SEC Filing  
12/8/2015Phyllis JamesEVPSell23,963C$21.59C$517,361.17View SEC Filing  
12/4/2015Gregory M SpierkelDirectorBuy5,000C$22.48C$112,400.00View SEC Filing  
11/20/2015Edward Leith EllwoodInsiderBuy1,000C$0.05C$50.00
11/11/2015John McmanusEVPSell7,442C$23.28C$173,249.76View SEC Filing  
11/2/2015Robert SelwoodCAOSell12,398C$23.90C$296,312.20View SEC Filing  
10/29/2015Edward Leith EllwoodInsiderBuy2,000C$0.05C$100.00
10/22/2015Eric PlexmanDirectorBuy5,000C$0.05C$225.00
10/20/2015Edward Leith EllwoodInsiderSell100,000C$0.04C$4,000.00
8/25/2015Mary Christine GayDirectorBuy1,000C$20.00C$20,000.00View SEC Filing  
6/22/2015Eric PlexmanDirectorBuy8,000C$0.04C$320.00
6/2/2015Eric PlexmanDirectorBuy12,000C$0.04C$420.00
5/7/2015Paul Valerian TeodoroviciDirectorBuy2,000C$0.05C$100.00
4/17/2015Paul Valerian TeodoroviciDirectorBuy2,000C$0.05C$100.00
4/14/2015Edward Leith EllwoodInsiderBuy1,000C$0.05C$45.00
4/13/2015Edward Leith EllwoodInsiderBuy2,000C$0.05C$90.00
3/16/2015Eric PlexmanDirectorBuy15,000C$0.04C$525.00
1/14/2015Paul Valerian TeodoroviciDirectorBuy3,000C$0.04C$120.00
11/18/2014Eric PlexmanDirectorBuy10,000C$0.05C$500.00
11/7/2014Alexis HermanDirectorSell12,986C$21.94C$284,912.84View SEC Filing  
8/22/2014Phyllis JamesEVPSell4,875C$25.00C$121,875.00View SEC Filing  
8/20/2014Robert BaldwinInsiderSell26,973C$25.21C$679,989.33View SEC Filing  
8/11/2014Rose Mckinney-JamesDirectorSell4,870C$24.83C$120,922.10View SEC Filing  
5/29/2014Christopher W NordlingEVPSell5,687C$25.73C$146,326.51View SEC Filing  
5/1/2014James MurrenCEOSell26,778C$25.22C$675,341.16View SEC Filing  
3/6/2014Corey Ian SandersCOOSell17,745C$28.41C$504,135.45View SEC Filing  
3/5/2014William HornbuckleCMOSell74,059C$28.26C$2,092,907.34View SEC Filing  
2/21/2014John McmanusEVPSell6,060C$27.13C$164,407.80View SEC Filing  
2/21/2014Roland HernandezDirectorSell2,130C$27.25C$58,042.50View SEC Filing  
12/4/2013Phyllis JamesEVPSell1,645C$19.62C$32,274.90View SEC Filing  
9/13/2013John McmanusEVPSell6,779C$18.99C$128,733.21View SEC Filing  
9/11/2013James MurrenCEOSell61,784C$19.09C$1,179,456.56View SEC Filing  
8/22/2013Alexis HermanDirectorSell28,747C$17.51C$503,359.97View SEC Filing  
8/19/2013Rose Mckinney-JamesDirectorSell11,820C$17.27C$204,131.40View SEC Filing  
8/13/2013Christopher NordlingEVPSell6,229C$17.36C$108,135.44View SEC Filing  
8/8/2013William HornbuckleCMOSell36,931C$17.41C$642,968.71View SEC Filing  
5/16/2013John McmanusEVPSell5,225C$15.66C$81,823.50View SEC Filing  
5/14/2013James MurrenCEOSell94,007C$15.83C$1,488,130.81View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for MGM Resorts International (NYSE:MGM)
DateHeadline
News IconMGM National Harbor To Feature Spectacular Floral Attraction As Resort's Centerpiece - WLTZ 38 | Columbus Georgia Regional News & Community (NYSE:MGM)
www.wltz.com - September 29 at 11:14 AM
mysmartrend.com logoShares of MGM Resorts International Rise Above Previous 52-Week High (NYSE:MGM)
www.mysmartrend.com - September 29 at 11:14 AM
publicnow.com logoMGM National Harbor To Feature Spectacular Floral Attraction As Resort's Centerpiece (NYSE:MGM)
www.publicnow.com - September 29 at 11:14 AM
News IconBUSINESS EXCHANGE: Are Blacks in Business at National Harbor and MGM? (NYSE:MGM)
washingtoninformer.com - September 28 at 5:54 PM
wsj.com logoAs One of Their Own Runs for President, Casino Executives Are Divided (NYSE:MGM)
blogs.wsj.com - September 28 at 5:54 PM
News IconWant to land a job at the MGM Springfield casino? Here is your chance (NYSE:MGM)
www.masslive.com - September 28 at 11:05 AM
cnbc.com logoVoters don’t care what CEOs think of Donald Trump, campaign manager Conway says (NYSE:MGM)
www.cnbc.com - September 27 at 6:01 PM
prnewswire.com logoMGM Resorts International To Present At The Deutsche Bank Leveraged Finance Conference - PR Newswire (press release) (NYSE:MGM)
www.prnewswire.com - September 27 at 10:44 AM
fool.com logoA Casino Stock Worth the Gamble (NYSE:MGM)
www.fool.com - September 26 at 6:07 PM
4-traders.com logoMGM Resorts International : Kiosk Industry Examines Gaming and Self-Service Kiosk Market (NYSE:MGM)
www.4-traders.com - September 26 at 10:49 AM
News IconMarket Traders Alert - MGM Resorts International's (MGM) - Hot Stocks Point (NYSE:MGM)
www.hotstockspoint.com - September 24 at 10:32 AM
News IconResorts & Casinos: MGM Resorts International (NYSE:MGM) Position of the day (NYSE:MGM)
twincountynews.com - September 23 at 10:49 AM
finance.yahoo.com logoMGM Resorts International To Present At The UBS & Deutsche Bank Investment Forum At G2E (NYSE:MGM)
finance.yahoo.com - September 23 at 10:49 AM
businesswire.com logoLand and Buildings Calls on MGM Resorts’ Board to Hold Senior Management Accountable (NYSE:MGM)
www.businesswire.com - September 22 at 5:52 PM
marketnewsvideo.com logoMGM Resorts International Moves Up In Market Cap Rank, Passing Freeport-McMoran Copper & Gold (NYSE:MGM)
www.marketnewsvideo.com - September 22 at 5:52 PM
News IconInvestors Catching Stocks: MGM Resorts International (NYSE:MGM) (NYSE:MGM)
www.crcconnection.com - September 22 at 10:54 AM
fool.com logoMultiple Expansion Could Lead to Big Gains at MGM (NYSE:MGM)
caps.fool.com - September 22 at 10:54 AM
News IconLand and Buildings Calls on MGM Resorts Board to Hold Senior Management Accountable (NYSE:MGM)
www.cbs58.com - September 22 at 10:54 AM
News IconMGM Resorts International (NYSE:MGM) from Resorts & Casinos – Todays Top Gains (NYSE:MGM)
twincountynews.com - September 22 at 10:54 AM
finance.yahoo.com logo9:03 am MGM Resorts shareholder Land and Buildings issues letter 'calling on the Board to exercise its fiduciary duty to ensure that senior management is held accountable for the continued underperformance of MGM' (NYSE:MGM)
finance.yahoo.com - September 22 at 10:54 AM
fool.com logoWill MGM Resorts' New Cotai Casino Be the Big Winner on Macau? (NYSE:MGM)
www.fool.com - September 21 at 5:49 PM
moodys.com logoMoody's places Mohegan CFR on review for upgrade; assigns ratings to new $1.4 bil. credit facility - Moodys.com (press release) (subscription) (NYSE:MGM)
www.moodys.com - September 21 at 10:15 AM
News IconAnalysts Valuations For Two Stocks: MGM Resorts International (NYSE:MGM), Kraft Heinz Co (NASDAQ:KHC) - The Voice Registrar (NYSE:MGM)
voiceregistrar.com - September 21 at 10:15 AM
News IconExecutive Appointments Advance MGM Resorts International's ... - 3BL Media (press release) (NYSE:MGM)
3blmedia.com - September 21 at 10:15 AM
News IconMGM Resorts International joins Question One opposition - World Casino Directory (NYSE:MGM)
news.worldcasinodirectory.com - September 21 at 10:15 AM
4-traders.com logoExecutive Appointments Advance MGM Resorts International’s Leadership Role in Environmental Sustainability (NYSE:MGM)
www.4-traders.com - September 20 at 11:16 AM
News IconHigh Market Cap Stock of the Day – MGM Resorts International (NYSE:MGM) (NYSE:MGM)
twincountynews.com - September 19 at 6:06 PM
News IconStock Heading Higher Over the Past Quarter: MGM Resorts International (NYSE:MGM) (NYSE:MGM)
larampadinapoli.com - September 17 at 5:46 PM
prnewswire.com logoMGM Resorts International And MGM China Holdings Limited To Present At The CLSA Investors' Forum In Hong Kong - PR Newswire (press release) (NYSE:MGM)
www.prnewswire.com - September 16 at 5:55 PM
blogs.barrons.com logoDoes MGM Resorts Stock Have 70% Upside? (NYSE:MGM)
blogs.barrons.com - September 16 at 5:55 PM
insidermonkey.com logoBillionaire Joshua Friedman’s Canyon Capital is Betting Big on These Stocks (NYSE:MGM)
www.insidermonkey.com - September 16 at 9:26 AM
News IconMGM Resorts International's (MGM): Seeing Active Stock of Friday (NYSE:MGM)
magseriesusa.net - September 15 at 9:18 PM
nasdaq.com logoCommit To Buy MGM Resorts International At $15, Earn 4.5% Using Options (NYSE:MGM)
www.nasdaq.com - September 15 at 9:18 PM
cnbc.com logoCramer: Macau is back — you could miss enormous gains if you wait (NYSE:MGM)
www.cnbc.com - September 15 at 9:18 PM
News IconCambiar Investors LLC Decreased Stake in Mgm Resorts International (NYSE:MGM) by $15.62 Million as Shares ... - Chester News (NYSE:MGM)
www.chesterindependent.com - September 15 at 4:08 PM
nasdaq.com logoCommit To Buy MGM Resorts International At $15, Earn 4.5% Using Options - Nasdaq (NYSE:MGM)
www.nasdaq.com - September 15 at 4:08 PM
moodys.com logoMoody's: Las Vegas betting on non-gaming revenues as gambling wanes - Moodys.com (press release) (subscription) (NYSE:MGM)
www.moodys.com - September 15 at 9:34 AM
blogs.barrons.com logoMGM Resorts: Vegas, Baby! - Barron's (blog) (NYSE:MGM)
blogs.barrons.com - September 15 at 9:34 AM
News IconExclusive: Las Vegas Monorail To Expand from MGM Grand to Mandalay Bay (NYSE:MGM)
vegas.eater.com - September 14 at 10:24 AM
marketrealist.com logoHow Macao’s Attempts to Woo Mass Market Consumers Are Going (NYSE:MGM)
marketrealist.com - September 14 at 10:24 AM
mysmartrend.com logoMGM Resorts International Crosses Below its 10-day MA (MGM) (NYSE:MGM)
www.mysmartrend.com - September 13 at 10:57 AM
News IconMidday Stocks Luring Investors: MGM Resorts International (NYSE:MGM), Six Flags Entertainment Corporation (NYSE ... - Street Wise Report (press release) (blog) (NYSE:MGM)
streetwisereport.com - September 12 at 10:48 AM
seekingalpha.com logoChoosing Sides In Gaming REITs: Gaming And Leisure Properties Vs. MGM Growth Properties - Seeking Alpha (NYSE:MGM)
seekingalpha.com - September 9 at 5:52 PM
4-traders.com logoMGM Resorts International : The Theater at MGM National Harbor Partners Exclusively With Live Nation for Booking and Ticketing Services (NYSE:MGM)
www.4-traders.com - September 9 at 10:51 AM
finance.yahoo.com logoThe Theater at MGM National Harbor Partners Exclusively With Live Nation for Booking and Ticketing Services (NYSE:MGM)
finance.yahoo.com - September 9 at 10:51 AM
News IconUpdate on MGM Resorts International (NYSE:MGM) for the day (NYSE:MGM)
twincountynews.com - September 8 at 5:57 PM
law360.com logoMGM Implores 2nd Circ. To Revive Suit On Tribal Casino Law (NYSE:MGM)
www.law360.com - September 8 at 5:57 PM
News IconSeasoned MGM Resorts Executive Is Named New President and COO of MGM Grand Detroit (NYSE:MGM)
mgmresorts.investorroom.com - September 8 at 5:57 PM
finance.yahoo.com logoStifel Offers Updates On Best Ideas In Gaming & Leisure (NYSE:MGM)
finance.yahoo.com - September 8 at 5:57 PM
News IconThis 26-foot-long Bob Dylan sculpture will welcome visitors at National Harbor casino (NYSE:MGM)
www.washingtonpost.com - September 8 at 10:00 AM

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MGM Resorts International (NYSE:MGM) Chart for Thursday, September, 29, 2016


Last Updated on 9/29/2016 by MarketBeat.com Staff