About MGM Resorts International
MGM 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
- Previous Close: $26.46
- 50 Day Moving Average: $28.80
- 200 Day Moving Average: $27.15
- 52-Week Range: $17.34 - $30.62
- Trailing P/E Ratio: 13.78
- Foreward P/E Ratio: 16.85
- P/E Growth: 0.62
- Market Cap: $15.19B
- Outstanding Shares: 574,123,000
- Beta: 1.66
- Net Margins: 3.15%
- Return on Equity: 6.45%
- Return on Assets: 2.15%
Companies Related to MGM Resorts International:
- Debt-to-Equity Ratio: 1.29%
- Current Ratio: 1.04%
- Quick Ratio: 0.99%
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 Thursday, February 16th. Stockholders of record on Friday, March 10th will be paid a dividend of $0.11 per share on Wednesday, March 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, March 8th.
Where is MGM Resorts International's stock going? Where will MGM Resorts International's stock price be in 2017?
21 equities research analysts have issued 12 month price objectives for MGM Resorts International's stock. Their forecasts range from $25.00 to $39.00. On average, they anticipate MGM Resorts International's share price to reach $32.59 in the next twelve months.
When will MGM Resorts International announce their earnings?
MGM Resorts International is scheduled to release their next quarterly earnings announcement on Wednesday, May, 3rd 2017.
What are analysts saying about MGM Resorts International stock?
Here are some recent quotes from research analysts about MGM Resorts International stock:
According to Zacks Investment Research, "MGM Resorts fourth-quarter adjusted earnings of $0.11 per share lagged the Zacks Consensus Estimate by 35.3% but compared favorably with the year-ago quarter loss of $0.01. Total revenue of $2.46 billion topped the consensus mark by around 1% and rose 12.3% year over year. Notably, a tough operating environment in Macao weighed on the stock in 2015 and for the most part of 2016. However, the region has slowly started returning to life with gaming revenues growing therein on an annual basis over the past six months. Still, a complete rebound in Macau will take some time. Even so, MGM Resorts’ shares have outpaced the Zacks categorized Gaming industry over the past three months. Also, the company’s strong portfolio, new resort openings and focus on non-gaming activities bode well. Further, improving economy and growing tourism in Las Vegas should drive revenue growth at the company’s properties in the region." (2/17/2017)
- Aegis analysts commented, "MGM put itself in the 'show-me' category yesterday, essentially calling out 3Q16 and 4Q15 as somewhat lower-quality, boosted by calendar and one-time events which created 4Q16 expectations that were too high. The stock's saving grace is valuation, now at 11.1x/9.8x CY17/CY18 EV/EBITDA, a peer low (downside from current prices likely minimal). However, we struggle to find a catalyst outside of upcoming 1Q17 results under reset expectations and expect shares to be range-bound near-term. Longer-term, nothing is broken and the strong Las Vegas backdrop and Macau recovery tailwinds remain. However, investors will likely have to wait longer (we believe 1Q17 report) to begin to see true upward stock momentum." (2/17/2017)
- Instinet analysts commented, "For several years, MGM's new unit growth and same-store execution has shown great improvement. The 4Q miss was driven by a lower mix of high-margin conferences. Investors realize growth isn't linear, but MGM's weak explanations hurt its credibility." (2/17/2017)
Who owns MGM Resorts International stock?
MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Allianz Asset Management AG (7.46%), State Street Corp (1.46%), Dimensional Fund Advisors LP (0.95%), FMR LLC (0.56%), Discovery Capital Management LLC CT (0.48%) and Highfields Capital Management LP (0.46%). Company insiders that own MGM Resorts International stock include Alexis Herman, Corey Ian Sanders, Corp Tracinda, Daniel D'arrigo, Daniel J Taylor, Edward Leith Ellwood, Eric Plexman, Gregory M Spierkel, James Murren, John Mcmanus, Mary Christine Gay, Paul Valerian Teodorovici, Phyllis James, Robert Selwood, Roland A Hernandez, Rose Mckinney-James, William A Bible, William Hornbuckle and William Warwick Grounds.
Who sold MGM Resorts International stock? Who is selling MGM Resorts International stock?
MGM Resorts International's stock was sold by a variety of institutional investors in the last quarter, including Highfields Capital Management LP, Systematic Financial Management LP, Bain Capital Public Equity Management LLC, Nicholas Investment Partners LP, Caxton Associates LP, Horizon Kinetics LLC, AQR Capital Management LLC and Waterfront Capital Partners LLC. Company insiders that have sold MGM Resorts International stock in the last year include Alexis Herman, Corey Ian Sanders, Corp Tracinda, Daniel D'arrigo, Daniel J Taylor, James Murren, John Mcmanus, Mary Christine Gay, Phyllis James, Robert Selwood, Roland A Hernandez, Rose Mckinney-James and William Hornbuckle.
Who bought MGM Resorts International stock? Who is buying MGM Resorts International stock?
MGM Resorts International's stock was purchased by a variety of institutional investors in the last quarter, including Allianz Asset Management AG, Discovery Capital Management LLC CT, Axiom International Investors LLC DE, Frontier Capital Management Co. LLC, FMR LLC, Davidson Kempner Capital Management LP, Renaissance Technologies LLC and Asset Management One Co. Ltd.. Company insiders that have bought MGM Resorts International stock in the last two years include Edward Leith Ellwood, Eric Plexman, Gregory M Spierkel, Mary Christine Gay, Paul Valerian Teodorovici, William A Bible and William Warwick Grounds.
How do I buy MGM Resorts International stock?
Shares of MGM Resorts International can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of MGM Resorts International stock cost?
One share of MGM Resorts International stock can currently be purchased for approximately $26.46.