NYSE:MGM - MGM Resorts International Stock Price, News, & Analysis

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$25.82 +0.04 (+0.16 %)
(As of 05/23/2019 09:41 AM ET)
Previous Close$25.78
Today's Range$25.49 - $26.07
52-Week Range$21.61 - $32.18
Volume4.64 million shs
Average Volume7.86 million shs
Market Capitalization$13.87 billion
P/E Ratio26.08
Dividend Yield2.02%
Beta1.37
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 February 27, 2019, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Shadow Creek golf course, 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.

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Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
CUSIP55295310
Phone702-693-7120

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.76 billion
Cash Flow$3.3885 per share
Book Value$20.88 per share

Profitability

Net Income$445.45 million

Miscellaneous

Employees72,000
Market Cap$13.87 billion
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

MGM Resorts International (NYSE:MGM) Frequently Asked Questions

What is MGM Resorts International's stock symbol?

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

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 Monday, April 29th. Shareholders of record on Monday, June 10th will be given a dividend of $0.13 per share on Friday, June 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Friday, June 7th. View MGM Resorts International's Dividend History.

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

MGM Resorts International announced that its Board of Directors has authorized a share buyback plan on Thursday, May 10th 2018, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 10.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) issued its earnings results on Monday, April, 29th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.04. The firm earned $3.18 billion during the quarter, compared to the consensus estimate of $3.12 billion. MGM Resorts International had a net margin of 2.26% and a return on equity of 4.03%. The firm's revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. View MGM Resorts International's Earnings History.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Thursday, August 1st 2019. View Earnings Estimates for MGM Resorts International.

What price target have analysts set for MGM?

11 analysts have issued 1 year target prices for MGM Resorts International's stock. Their predictions range from $30.00 to $39.00. On average, they anticipate MGM Resorts International's share price to reach $33.7778 in the next year. This suggests a possible upside of 30.8% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

What is the consensus analysts' recommendation for MGM Resorts International?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MGM Resorts International.

Has MGM Resorts International been receiving favorable news coverage?

News articles about MGM stock have trended very negative on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGM Resorts International earned a coverage optimism score of -3.8 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a decrease in short interest during the month of April. As of April 15th, there was short interest totalling 14,358,783 shares, a decrease of 19.5% from the March 29th total of 17,838,593 shares. Based on an average daily trading volume, of 5,480,212 shares, the short-interest ratio is currently 2.6 days. Approximately 2.8% of the company's shares are short sold. View MGM Resorts International's Current Options Chain.

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 CA (CA), BlackRock (BLK), Micron Technology (MU), Wynn Resorts (WYNN), Alibaba Group (BABA), Las Vegas Sands (LVS), Intel (INTC), Bank of America (BAC), Allergan (Agn) and Endologix (ELGX).

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the folowing people:
  • Mr. James Joseph Murren, Chairman & CEO (Age 57)
  • Mr. William Joseph Hornbuckle IV, Pres & COO (Age 61)
  • Mr. Corey Ian Sanders, CFO & Treasurer (Age 55)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 52)
  • Mr. Robert C. Selwood, Exec. VP & Chief Accounting Officer (Age 63)

Who are MGM Resorts International's major shareholders?

MGM Resorts International's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.86%), Corvex Management LP (2.92%), Canyon Capital Advisors LLC (2.43%), Geode Capital Management LLC (1.30%), Dimensional Fund Advisors LP (0.96%) and Northern Trust Corp (0.96%). Company insiders that own MGM Resorts International stock include Alexis Herman, Corey Ian Sanders, Daniel D'arrigo, Daniel J Taylor, James Murren, John Mcmanus, Joness Lang, Mary Christine Gay, Paul J Salem, Phyllis James, Robert Baldwin, Robert Selwood, Rose Mckinney-James, Sean Charland, William A Bible, William Hornbuckle and William Warwick Grounds. 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 Canyon Capital Advisors LLC, BlackRock Inc., Morgan Stanley, SG Americas Securities LLC, Beach Point Capital Management LP, Calamos Advisors LLC, Jefferies Group LLC and State of Tennessee Treasury Department. Company insiders that have sold MGM Resorts International company stock in the last year include Alexis Herman, Daniel D'arrigo, Mary Christine Gay, Phyllis James and Rose Mckinney-James. View Insider Buying and Selling for MGM Resorts International.

Which institutional investors are buying MGM Resorts International stock?

MGM stock was purchased by a variety of institutional investors in the last quarter, including Corvex Management LP, Marshall Wace LLP, Blue Harbour Group L.P., FMR LLC, State of New Jersey Common Pension Fund D, Geode Capital Management LLC, Gamco Investors INC. ET AL and GMT Capital Corp. Company insiders that have bought MGM Resorts International stock in the last two years include Joness Lang, Mary Christine Gay, Paul J Salem, Sean Charland and William Warwick Grounds. View Insider Buying and Selling for MGM Resorts International.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $25.82.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $13.87 billion and generates $11.76 billion in revenue each year. The company earns $445.45 million in net income (profit) each year or $0.99 on an earnings per share basis. MGM Resorts International employs 72,000 workers across the globe.

What is MGM Resorts International's official website?

The official website for MGM Resorts International is http://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]


MarketBeat Community Rating for MGM Resorts International (NYSE MGM)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  1,008 (Vote Outperform)
Underperform Votes:  540 (Vote Underperform)
Total Votes:  1,548
MarketBeat's community ratings are surveys of what our community members think about MGM Resorts International and other stocks. Vote "Outperform" if you believe MGM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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