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DOW   30,930.52
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S&P 500   3,798.91
DOW   30,930.52
QQQ   316.41
S&P 500   3,798.91
DOW   30,930.52
QQQ   316.41
S&P 500   3,798.91
DOW   30,930.52
QQQ   316.41
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NYSE:MGM

MGM Resorts International Stock Forecast, Price & News

$30.53
+0.73 (+2.45 %)
(As of 01/19/2021 12:00 AM ET)
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Today's Range
$30.48
Now: $30.53
$31.25
50-Day Range
$28.25
MA: $30.50
$31.67
52-Week Range
$5.90
Now: $30.53
$33.89
Volume10.85 million shs
Average Volume10.97 million shs
Market Capitalization$15.08 billion
P/E Ratio10.90
Dividend Yield0.03%
Beta2.42
MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. 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, table games, and race and sports book wagering. As of March 22, 2020, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts, Primm Valley Golf Club, and Fallen Oak golf course. 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 founded in 1986 and is based in Las Vegas, Nevada.
MGM Resorts International logo

MarketRank

Overall MarketRank

1.74 out of 5 stars

Analyst Opinion: 2.0Community Rank: 3.2Dividend Strength: 0.8Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
CUSIP55295310
Phone702-693-7120
Employees52,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.90 billion
Cash Flow$3.41 per share
Book Value$24.28 per share

Profitability

Net Income$2.05 billion

Miscellaneous

Market Cap$15.08 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$30.53
+0.73 (+2.45 %)
(As of 01/19/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGM Resorts International (NYSE:MGM) Frequently Asked Questions

How has MGM Resorts International's stock been impacted by COVID-19 (Coronavirus)?

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MGM shares have increased by 68.9% and is now trading at $30.53.
View which stocks have been most impacted by COVID-19
.

Is MGM Resorts International a buy right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 4 sell ratings, 14 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MGM Resorts International stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGM, but not buy additional shares or sell existing shares.
View analyst ratings for MGM Resorts International
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than MGM Resorts International?

Wall Street analysts have given MGM Resorts International a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MGM Resorts International wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for MGM Resorts International
.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) issued its quarterly earnings data on Thursday, October, 29th. The company reported ($1.08) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($1.10) by $0.02. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.30 billion. MGM Resorts International had a negative return on equity of 12.08% and a net margin of 20.81%. The company's quarterly revenue was down 66.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 earnings per share.
View MGM Resorts International's earnings history
.

How often does MGM Resorts International pay dividends? What is the dividend yield for MGM Resorts International?

MGM Resorts International announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Thursday, December 10th will be given a dividend of $0.0025 per share on Tuesday, December 15th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, December 9th.
View MGM Resorts International's dividend history
.

Is MGM Resorts International a good dividend stock?

MGM Resorts International pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.03%. The dividend payout ratio of MGM Resorts International is 1.30%. This payout ratio is at a healthy, sustainable level, below 75%.
View MGM Resorts International's dividend history.

What price target have analysts set for MGM?

20 equities research analysts have issued 12 month price objectives for MGM Resorts International's stock. Their forecasts range from $10.00 to $32.00. On average, they expect MGM Resorts International's stock price to reach $20.56 in the next year. This suggests that the stock has a possible downside of 32.6%.
View analysts' price targets for MGM Resorts International
or view Wall Street analyst' top-rated stocks.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a decrease in short interest in December. As of December 31st, there was short interest totaling 25,500,000 shares, a decrease of 20.6% from the December 15th total of 32,110,000 shares. Based on an average daily trading volume, of 9,940,000 shares, the short-interest ratio is currently 2.6 days. Approximately 5.9% of the shares of the company are short sold.
View MGM Resorts International's Short Interest
.

Who are some of MGM Resorts International's key competitors?

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 The Walt Disney (DIS), Bank of America (BAC), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), The Boeing (BA), Las Vegas Sands (LVS), Intel (INTC) and AT&T (t).

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the following people:
  • Mr. William Joseph Hornbuckle IV, Pres, CEO & Director (Age 62, Pay $3.54M)
  • Mr. Corey Ian Sanders, COO, CFO & Treasurer (Age 56, Pay $3.14M)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 53, Pay $1.78M)
  • Mr. Atif Rafiq, Exec. Officer (Age 47, Pay $3.02M)
  • Mr. Todd Meinert, Principal Accounting Officer (Age 46)
  • Ms. Catherine Park, Exec. Director of Investor Relations
  • Ms. Debra DeShong, Sr. VP of Global Corp. Communications, Communications & Global Industry Affairs
  • Ms. Ann C. Hoff, Chief Marketing Officer
  • Ms. Laura Lee, Sr. VP of HR
  • Mr. Alan M. Feldman, Exec. VP of Global Gov. & Industry Affairs (Age 61)

What is MGM Resorts International's stock symbol?

MGM Resorts International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGM."

Who are MGM Resorts International's major shareholders?

MGM Resorts International's stock is owned by a variety of retail and institutional investors. Top institutional investors include Exchange Traded Concepts LLC (0.04%), First Citizens Bank & Trust Co. (0.03%), State of Alaska Department of Revenue (0.01%), DNB Asset Management AS (0.01%), IFM Investors Pty Ltd (0.01%) and Triangle Securities Wealth Management (0.01%). Company insiders that own MGM Resorts International stock include Atif Rafiq, Corey Ian Sanders, Daniel J Taylor, Gregory M Spierkel, James Murren, John Mcmanus, Keith A Meister, Mary Christine Gay, Paul J Salem, Rose Mckinney-James and William Hornbuckle.
View institutional ownership trends for MGM Resorts International
.

Which institutional investors are selling MGM Resorts International stock?

MGM stock was sold by a variety of institutional investors in the last quarter, including Triton Wealth Management PLLC, First Citizens Bank & Trust Co., State of Alaska Department of Revenue, Vivid Financial Management Inc., Triangle Securities Wealth Management, and ProVise Management Group LLC. Company insiders that have sold MGM Resorts International company stock in the last year include Daniel J Taylor, James Murren, and John Mcmanus.
View insider buying and selling activity for MGM Resorts International
or view top insider-selling stocks.

Which institutional investors are buying MGM Resorts International stock?

MGM stock was acquired by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, Coastal Investment Advisors Inc., Appleton Partners Inc. MA, IFM Investors Pty Ltd, Brookstone Capital Management, Louisiana State Employees Retirement System, DNB Asset Management AS, and Redpoint Investment Management Pty Ltd. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Corey Ian Sanders, Gregory M Spierkel, Keith A Meister, Mary Christine Gay, Paul J Salem, and William Hornbuckle.
View insider buying and selling activity for MGM Resorts International
or or view top insider-buying stocks.

How do I buy shares of MGM Resorts International?

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

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $30.53.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $15.08 billion and generates $12.90 billion in revenue each year. The company earns $2.05 billion in net income (profit) each year or $0.77 on an earnings per share basis. MGM Resorts International employs 52,000 workers across the globe.

What is MGM Resorts International's official website?

The official website for MGM Resorts International is www.mgmresorts.com.

How can I contact MGM Resorts International?

MGM Resorts International's mailing address is 3600 LAS VEGAS BLVD SOUTH, LAS VEGAS NV, 89109. The company can be reached via phone at 702-693-7120 or via email at [email protected]

This page was last updated on 1/19/2021 by MarketBeat.com Staff

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