NYSE:MGM MGM Resorts International (MGM) Stock Price, News & Analysis $41.84 +0.40 (+0.97%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$41.33▼$42.2250-Day Range$38.52▼$46.7952-Week Range$34.12▼$51.35Volume2.74 million shsAverage Volume3.71 million shsMarket Capitalization$13.12 billionP/E Ratio16.09Dividend YieldN/APrice Target$54.66 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get MGM Resorts International alerts: Email Address MGM Resorts International MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.87 Rating ScoreUpside/Downside30.6% Upside$54.66 Price TargetShort InterestHealthy4.79% of Float Sold ShortDividend StrengthN/ASustainability-3.39Upright™ Environmental ScoreNews Sentiment0.65Based on 12 Articles This WeekInsider TradingSelling Shares$5.99 M Sold Last QuarterProj. Earnings Growth6.33%From $3.00 to $3.19 Per ShareSee Full Details Hide Full Details 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.4.89 out of 5 starsConsumer Discretionary Sector11th out of 279 stocksHotels & Motels Industry3rd out of 27 stocks 4.4 Analyst's Opinion Consensus RatingMGM Resorts International has received a consensus rating of Moderate Buy. The company's average rating score is 2.87, and is based on 13 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageMGM Resorts International has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about MGM Resorts International's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.79% of the float of MGM Resorts International has been sold short.Short Interest Ratio / Days to CoverMGM Resorts International has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MGM Resorts International has recently decreased by 3.28%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldMGM Resorts International does not currently pay a dividend.Dividend GrowthMGM Resorts International does not have a long track record of dividend growth. Previous Next 1.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGM Resorts International has received a -7.69% net impact score from Upright. The largest negative impact of MGM Resorts in category "GHG emissions" seems to be driven mostly by its "City hotel services", "Apartment hotels", "Spa resort services", and "Holiday resort services" products. See details.Environmental SustainabilityThe Environmental Impact score for MGM Resorts International is -3.39. Previous Next 3.1 News and Social Media Coverage News SentimentMGM Resorts International has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 12 news articles for MGM Resorts International this week, compared to 12 articles on an average week.Search Interest26 people have searched for MGM on MarketBeat in the last 30 days. This is an increase of 4% compared to the previous 30 days.MarketBeat Follows10 people have added MGM Resorts International to their MarketBeat watchlist in the last 30 days. This is an increase of 43% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGM Resorts International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,991,759.00 in company stock.Percentage Held by InsidersOnly 2.13% of the stock of MGM Resorts International is held by insiders.Percentage Held by Institutions68.11% of the stock of MGM Resorts International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about MGM Resorts International's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for MGM Resorts International are expected to grow by 6.33% in the coming year, from $3.00 to $3.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGM Resorts International is 16.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.95.Price to Earnings Ratio vs. SectorThe P/E ratio of MGM Resorts International is 16.09, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.11.Price to Earnings Growth RatioMGM Resorts International has a PEG Ratio of 0.88. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioMGM Resorts International has a P/B Ratio of 3.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about MGM Resorts International's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Traders Agencytop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.Click here now for the full details of this stock that’s set to rocket in the AI revolution… 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.Read More MGM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGM Stock News HeadlinesJuly 16, 2024 | marketbeat.comCould This Entertainment Stock be the Belle of the Gaming Ball? (MGM)The casino industry has been in positive normalization as it attempts to recover back to pre-pandemic levels for foot traffic and revenues. However,July 8, 2024 | marketbeat.comWynn Resorts: 6 Reasons to Ante Up for the Stock (MGM)Luxury casino resorts operator Wynn Resorts Ltd. (NASDAQ: WYNN) shares have fallen 4.7% year-to-date (YTD), trading closer to its 52-week lows at $81.65 than itJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 8, 2024 | marketbeat.comMGM Resorts Stock: Poised for Hospitality Industry ReboundCasino stocks are the proverbial “rough neighborhood” in 2024, with the major players like Las Vegas Sands Co. NYSE: LVS and Wynn Resorts Ltd. NASDAQ: WYNN trading down 14.4% and 9.22%, respectively.July 8, 2024 | marketbeat.comMGM Resorts Stock: Poised for Hospitality Industry ReboundCasino stocks are the proverbial “rough neighborhood” in 2024, with the major players like Las Vegas Sands Co. (NYSE: LVS) and Wynn Resorts Ltd. (NASDAQ: WYNN)July 24 at 2:35 AM | americanbankingnews.comMGM Resorts International (MGM) to Release Quarterly Earnings on WednesdayJuly 23 at 10:01 PM | msn.comPending legislation could block FTC cyberattack probe of MGMJuly 23 at 10:01 PM | msn.comHouse spending bill would clip FTC’s reach in MGM cyber probeJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 22, 2024 | marketwatch.comMGM Resorts International stock underperforms Monday when compared to competitorsJuly 22, 2024 | prnewswire.comMGM RESORTS AND ENTAIN NOTICE OF BETMGM 1H 2024 UPDATEJuly 19, 2024 | investorplace.com3 Entertainment Stocks to Add to Your Must-Buy ListJuly 19, 2024 | fool.comIs MGM Resorts International a Buy?July 18, 2024 | benzinga.comMGM Resorts' BetMGM Expands Reach in Washington DCJuly 18, 2024 | americanbankingnews.comMGM Resorts International (NYSE:MGM) Given New $59.00 Price Target at JMP SecuritiesJuly 18, 2024 | fool.com6 Investment Firms Just Increased Their Stakes in MGM Resorts Stock. Should You Do the Same?July 17, 2024 | prnewswire.comBETMGM LAUNCHES MOBILE SPORTS BETTING APP THROUGHOUT WASHINGTON, D.C.July 17, 2024 | americanbankingnews.comJMP Securities Raises MGM Resorts International (NYSE:MGM) Price Target to $59.00See More Headlines Receive MGM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGM Resorts International and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/01/2024Today7/26/2024Next Earnings (Confirmed)7/31/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConsumer Discretionary Industry Hotels & motels Sub-IndustryCasinos & Gaming Current SymbolNYSE:MGM CUSIP55295310 CIK789570 Webwww.mgmresorts.com Phone(702) 693-7120Fax702-693-8626Employees63,000Year Founded1986Price Target and Rating Average Stock Price Target$54.66 High Stock Price Target$66.50 Low Stock Price Target$44.00 Potential Upside/Downside+30.6%Consensus RatingModerate Buy Rating Score (0-4)2.87 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$2.60 Trailing P/E Ratio16.09 Forward P/E Ratio13.95 P/E Growth0.88Net Income$1.14 billion Net Margins5.35% Pretax Margin7.02% Return on Equity23.62% Return on Assets2.45% Debt Debt-to-Equity Ratio1.56 Current Ratio1.51 Quick Ratio1.46 Sales & Book Value Annual Sales$16.16 billion Price / Sales0.81 Cash Flow$5.19 per share Price / Cash Flow8.06 Book Value$12.69 per share Price / Book3.30Miscellaneous Outstanding Shares313,680,000Free Float306,999,000Market Cap$13.12 billion OptionableOptionable Beta2.24 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. William Joseph Hornbuckle IV (Age 66)President, CEO & Director Comp: $7MMr. Jonathan S. Halkyard (Age 59)CFO & Treasurer Comp: $3.09MMr. Corey Ian Sanders (Age 60)Chief Operating Officer Comp: $3.88MMr. John M. McManus Esq. (Age 57)Chief Legal & Administrative Officer and Secretary Comp: $2.27MMr. Gary M. Fritz (Age 50)President of MGM Resorts International Interactive Comp: $2.65MMr. Todd R. Meinert (Age 49)Senior VP & Chief Accounting Officer Andrew ChapmanDirector of Investor RelationsMr. Jeff MochalSenior Vice President of Corporate CommunicationsMs. Jyoti Chopra (Age 60)Senior VP and Chief People, Inclusion & Sustainability Officer Ms. Jennifer D. Michaels (Age 55)Senior Vice President of Public Relations More ExecutivesKey CompetitorsLas Vegas SandsNYSE:LVSAdvanced Drainage SystemsNYSE:WMSChurchill DownsNASDAQ:CHDNWynn ResortsNASDAQ:WYNNCaesars EntertainmentNASDAQ:CZRView All CompetitorsInsiders & InstitutionsState of Michigan Retirement SystemSold 6,100 shares on 7/26/2024Ownership: 0.022%Cambridge Investment Research Advisors Inc.Sold 16,255 shares on 7/26/2024Ownership: 0.021%Atomi Financial Group Inc.Bought 2,404 shares on 7/26/2024Ownership: 0.004%Allspring Global Investments Holdings LLCSold 693 shares on 7/26/2024Ownership: 0.004%AlphaCentric Advisors LLCSold 3,671 shares on 7/26/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions MGM Stock Analysis - Frequently Asked Questions How have MGM shares performed this year? MGM Resorts International's stock was trading at $44.68 at the beginning of 2024. Since then, MGM stock has decreased by 6.4% and is now trading at $41.84. View the best growth stocks for 2024 here. How were MGM Resorts International's earnings last quarter? MGM Resorts International (NYSE:MGM) posted its quarterly earnings results on Wednesday, May, 1st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.56 by $0.18. The firm's revenue was up 13.2% compared to the same quarter last year. Read the conference call transcript. Is MGM Resorts International buying back stock? MGM Resorts International's Board of Directors authorized a stock repurchase program on Wednesday, November 8th 2023, which allows the company to repurchase $2,000,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 14.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are 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. Does MGM Resorts International have any subsidiaries? MGM Resorts International subsidiaries include San Antonio Starts, Borgata Hotel Casino and Spa, Mirage Resorts LLC, 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, and others. Who are MGM Resorts International's major shareholders? Top institutional shareholders of MGM Resorts International include Bank of New York Mellon Corp (0.47%), Key Colony Management LLC (0.25%), Sumitomo Mitsui Trust Holdings Inc. (0.14%) and Raymond James & Associates (0.12%). Insiders that own company stock include Iac Inc, Keith A Meister, Paul J Salem, Corey Ian Sanders, William Hornbuckle, John Mcmanus, Janet Swartz, Daniel J Taylor, Rose Mckinney-James, Alexis Herman and Todd Meinert. 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. What other stocks do shareholders of MGM Resorts International own? Based on aggregate information from My MarketBeat watchlists, some other companies that MGM Resorts International investors own include Walt Disney (DIS), Bank of America (BAC), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA) and Boeing (BA). 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