NYSE:MGM

MGM Resorts International (MGM) Stock Price, News & Analysis

$42.85
+0.42 (+0.99%)
(As of 04/23/2024 ET)
Today's Range
$42.47
$43.13
50-Day Range
$41.75
$47.78
52-Week Range
$34.12
$51.35
Volume
1.79 million shs
Average Volume
3.82 million shs
Market Capitalization
$13.58 billion
P/E Ratio
13.52
Dividend Yield
N/A
Price Target
$55.34

MGM Resorts International MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
29.2% Upside
$55.34 Price Target
Short Interest
Healthy
5.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
0.48mentions of MGM Resorts International in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$13.94 M Sold Last Quarter
Proj. Earnings Growth
10.98%
From $2.46 to $2.73 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Consumer Discretionary Sector

16th out of 267 stocks

Hotels & Motels Industry

2nd out of 25 stocks

MGM stock logo

About MGM Resorts International Stock (NYSE:MGM)

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. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

MGM Stock Price History

MGM Stock News Headlines

MGM Resorts International (MGM)
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A Closer Look at 9 Analyst Recommendations For MGM Resorts Intl
This Apple-like Innovator is Revolutionizing Healthcare
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The Audacious MGM Hack That Brought Chaos to Las Vegas
Breaking Down MGM Resorts Intl: 7 Analysts Share Their Views
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
CUSIP
55295310
Employees
63,000
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$55.34
High Stock Price Target
$75.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+28.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
14 Analysts

Profitability

Net Income
$1.14 billion
Pretax Margin
9.11%

Debt

Sales & Book Value

Annual Sales
$16.16 billion
Cash Flow
$5.33 per share
Book Value
$12.69 per share

Miscellaneous

Free Float
308,044,000
Market Cap
$13.62 billion
Optionable
Optionable
Beta
2.19

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Key Executives

  • Mr. William Joseph Hornbuckle IV (Age 66)
    President, CEO & Director
    Comp: $7M
  • Mr. Jonathan S. Halkyard (Age 59)
    CFO & Treasurer
    Comp: $3.09M
  • Mr. Corey Ian Sanders (Age 60)
    Chief Operating Officer
    Comp: $3.88M
  • Mr. John M. McManus Esq. (Age 57)
    Chief Legal & Administrative Officer and Secretary
    Comp: $2.27M
  • Mr. Gary M. Fritz (Age 50)
    President of MGM Resorts International Interactive
    Comp: $2.65M
  • Mr. Todd R. MeinertMr. Todd R. Meinert (Age 49)
    Senior VP & Chief Accounting Officer
  • Andrew Chapman
    Director of Investor Relations
  • Mr. Jeff Mochal
    Senior Vice President of Corporate Communications
  • Ms. Jyoti Chopra (Age 60)
    Senior VP and Chief People, Inclusion & Sustainability Officer
  • Ms. Jennifer D. Michaels (Age 55)
    Senior Vice President of Public Relations

MGM Stock Analysis - Frequently Asked Questions

Should I buy or sell MGM Resorts International stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MGM shares.
View MGM analyst ratings
or view top-rated stocks.

What is MGM Resorts International's stock price target for 2024?

14 equities research analysts have issued 1-year target prices for MGM Resorts International's stock. Their MGM share price targets range from $46.00 to $75.00. On average, they predict the company's share price to reach $55.34 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price.
View analysts price targets for MGM
or view top-rated stocks among Wall Street analysts.

How have MGM shares performed in 2024?

MGM Resorts International's stock was trading at $44.68 at the start of the year. Since then, MGM stock has decreased by 4.1% and is now trading at $42.85.
View the best growth stocks for 2024 here
.

When is MGM Resorts International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our MGM earnings forecast
.

How can I listen to MGM Resorts International's earnings call?

MGM Resorts International will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "5359438".

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) released its earnings results on Tuesday, February, 13th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.39. The company had revenue of $4.38 billion for the quarter, compared to analysts' expectations of $4.14 billion. MGM Resorts International had a trailing twelve-month return on equity of 20.51% and a net margin of 7.07%. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share.
Read the conference call transcript
.

How will MGM Resorts International's stock buyback program work?

MGM Resorts International declared that its board has approved a share buyback plan on Wednesday, November 8th 2023, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 14.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

What is Bill Hornbuckle's approval rating as MGM Resorts International's CEO?

83 employees have rated MGM Resorts International Chief Executive Officer Bill Hornbuckle on Glassdoor.com. Bill Hornbuckle has an approval rating of 65% among the company's employees.

What other stocks do shareholders of MGM Resorts International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Resorts International investors own include Walt Disney (DIS), Bank of America (BAC), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Boeing (BA), Las Vegas Sands (LVS), Intel (INTC) and AT&T (t).

Who are MGM Resorts International's major shareholders?

MGM Resorts International's stock is owned by a number of institutional and retail investors. Top institutional investors include Key Colony Management LLC (0.25%), Sumitomo Mitsui Trust Holdings Inc. (0.18%), Raymond James & Associates (0.13%), Raymond James Financial Services Advisors Inc. (0.06%), Shikiar Asset Management Inc. (0.06%) and Amalgamated Bank (0.02%). Insiders that own company stock include Alexis Herman, Corey Ian Sanders, Daniel J Taylor, Iac Inc, Janet Swartz, John Mcmanus, Keith A Meister, Mary Chris Jammet, Paul J Salem, Rose Mckinney-James, Todd Meinert and William Hornbuckle.
View institutional ownership trends
.

How do I buy shares of MGM Resorts International?

Shares of MGM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does MGM Resorts International have any subsidiaries?
The following companies are subsidiares of MGM Resorts International: 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, Aria Resort & Casino LLC, Beau Rivage Resorts LLC, Bellagio LLC, Blue Tarp reDevelopment LLC, Borgata Hotel Casino and Spa, Boru Merger Sub I LLC, Cedar Downs OTB LLC, Circus Circus Casinos Inc., CityCenter Facilities Management LLC, CityCenter Realty Corporation, CityCenter Retail Holdings Management LLC, Destron Inc., Grand Garden Arena Management LLC, Grand Laundry Inc., LV Concrete Corp., Las Vegas Arena Management LLC, Las Vegas Basketball Ventures LLC, MAC CORP., MGM (Beijing) Hospitality Services Co. Ltd., MGM Asia Pacific Limited, MGM Branding and Development Holdings Ltd., MGM CC LLC, MGM China Holdings Ltd., MGM Dev LLC, MGM Development Services Limited, MGM Elgin Sub Inc., MGM Finance Corp., MGM Grand (International) Pte Ltd., MGM Grand Condominiums LLC, MGM Grand Condominiums II LLC, MGM Grand Condominiums III LLC, MGM Grand Detroit Inc., MGM Grand Detroit LLC, MGM Grand Hotel LLC, MGM Growth Properties LLC, MGM Growth Properties OP GP LLC, MGM Growth Properties Operating Partnership LP, MGM Hospitality Development LLC, MGM Hospitality Global LLC, MGM Hospitality Holdings LLC, MGM Hospitality India Private Ltd., MGM Hospitality International GP Ltd., MGM Hospitality International Holdings Ltd., MGM Hospitality International LP, MGM Hospitality LLC, MGM International LLC, MGM Lessee LLC, MGM MA Sub LLC, MGM National Harbor LLC, MGM Public Policy LLC, MGM Resorts Advertising Inc., MGM Resorts Arena Holdings LLC, MGM Resorts Aviation Corp., MGM Resorts Corporate Services, MGM Resorts Design & Development, MGM Resorts Development LLC, MGM Resorts Festival Grounds II LLC, MGM Resorts Festival Grounds LLC, MGM Resorts Global Development LLC, MGM Resorts Interactive LLC, MGM Resorts International Holdings Ltd., MGM Resorts International Marketing Inc., MGM Resorts International Marketing Ltd., MGM Resorts International Operations Inc., MGM Resorts Japan LLC, MGM Resorts Land Holdings LLC, MGM Resorts Manufacturing Corp., MGM Resorts Mississippi LLC, MGM Resorts Regional Operations LLC, MGM Resorts Retail, MGM Resorts Satellite LLC, MGM Resorts Sub 1 LLC, MGM Resorts Sub B LLC, MGM Resorts Venue Management LLC, MGM Resorts West Japan LLC, MGM Sports & Interactive Gaming LLC, MGM Springfield reDevelopment LLC, MGM Yonkers Inc., MGMM Insurance Company, MGP Finance Co-Issuer Inc., MGP Lessor Holdings LLC, MGP Lessor LLC, MGP OH Inc., MGP Yonkers Realty Sub LLC, MH Inc., MMNY Land Company Inc., Mandalay Bay LLC, Mandalay Employment LLC, Mandalay Place LLC, Mandalay Resort Group, Marina District Development Company LLC, Marina District Development Holding Co. LLC, Mercantile Merger Sub I LLC, Metropolitan Marketing LLC, Mirage Laundry Services Corp., Mirage Resorts LLC, NH Cigars LLC, New Castle LLC, New York-New York Hotel & Casino LLC, New York-New York Tower LLC, Northfield Park Associates LLC, PRMA LLC, PRMA Land Development Company, Park District Holdings LLC, Park Theater LLC, Project CC LLC, Ramparts LLC, San Antonio Starts, Signature Tower 2 LLC, Signature Tower 3 LLC, Signature Tower I LLC, The Mirage Casino-Hotel LLC, The Signature Condominiums LLC, Tower B LLC, Tower C LLC, Turnberry/MGM Grand Tower B LLC, Turnberry/MGM Grand Tower C LLC, Turnberry/MGM Grand Towers LLC, Vdara Condo Hotel LLC, Vendido LLC, Victoria Partners, VidiAd, Vintage Land Holdings II LLC, and Vintage Land Holdings LLC.
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This page (NYSE:MGM) was last updated on 4/23/2024 by MarketBeat.com Staff

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