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NYSE:MGM

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

$37.03
-1.74 (-4.49%)
(As of 09/21/2023 ET)
Compare
Today's Range
$36.98
$38.72
50-Day Range
$37.03
$50.89
52-Week Range
$29.20
$51.35
Volume
6.52 million shs
Average Volume
4.47 million shs
Market Capitalization
$12.99 billion
P/E Ratio
35.95
Dividend Yield
N/A
Price Target
$58.86

MGM Resorts International MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
59.0% Upside
$58.86 Price Target
Short Interest
Healthy
4.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
0.11mentions of MGM Resorts International in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$2.25 M Sold Last Quarter
Proj. Earnings Growth
12.30%
From $2.44 to $2.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Consumer Discretionary Sector

44th out of 261 stocks

Hotels & Motels Industry

4th out of 28 stocks


MGM stock logo

About MGM Resorts International (NYSE:MGM) Stock

MGM Resorts International, through its subsidiaries, owns and operates 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 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 Price History

MGM Stock News Headlines

Investors Betting On Triple-Digit Sales Growth At Las Vegas Sands (MGM)
Wall Street's optimistic view of Las Vegas Sands hinges on projected 151% revenue growth in the travel industry's resurgence post-pandemic.
3 Hot Nasdaq Stocks to Ride This Fall (MGM)
These three ‘less flashy’ Nasdaq outperformers make good momentum plays for a market that is seeing a shift from growth to value names.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
MGM Resorts losing out on millions as cyber attack enters ninth day
Clorox Warns of Product Shortages Following Cyberattack
Las Vegas Strip shutdown leads to an R-rated response
Las Vegas cyberattacks reveal weaknesses in casino security
See More Headlines
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MGM Company Calendar

Last Earnings
8/02/2023
Today
9/21/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
CUSIP
55295310
Employees
46,000
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$58.86
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+59.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$1.47 billion
Pretax Margin
-1.97%

Debt

Sales & Book Value

Annual Sales
$13.13 billion
Cash Flow
$12.26 per share
Book Value
$13.57 per share

Miscellaneous

Free Float
343,415,000
Market Cap
$12.99 billion
Optionable
Optionable
Beta
2.10

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Key Executives

  • Mr. William Joseph Hornbuckle IV (Age 65)
    Pres, CEO & Director
    Comp: $6.24M
  • Mr. Jonathan S. Halkyard (Age 58)
    CFO & Treasurer
    Comp: $3.03M
  • Mr. Corey Ian Sanders (Age 59)
    Chief Operating Officer
    Comp: $3.53M
  • Mr. John M. McManus Esq. (Age 56)
    Chief Legal & Admin. Officer and Sec.
    Comp: $2.12M
  • Mr. Gary M. Fritz (Age 49)
    Pres of MGM Resorts International Interactive
    Comp: $704.69k
  • Mr. Todd R. MeinertMr. Todd R. Meinert (Age 48)
    Sr. VP & Chief Accounting Officer
  • Andrew Chapman
    Director of Investor Relations
  • Mr. Jeff Mochal
    Sr. VP of Corp. Communications
  • Ms. Jyoti Chopra (Age 59)
    Sr. VP and Chief People, Inclusion & Sustainability Officer
  • Ms. Jennifer D. Michaels (Age 54)
    Sr. VP of PR













MGM Stock - Frequently Asked Questions

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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 2 hold ratings and 8 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 forecast for 2023?

10 analysts have issued 12-month target prices for MGM Resorts International's shares. Their MGM share price forecasts range from $45.00 to $75.00. On average, they predict the company's stock price to reach $58.86 in the next year. This suggests a possible upside of 59.0% 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 2023?

MGM Resorts International's stock was trading at $33.53 at the start of the year. Since then, MGM shares have increased by 10.4% and is now trading at $37.03.
View the best growth stocks for 2023 here
.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a decline in short interest in August. As of August 31st, there was short interest totaling 11,760,000 shares, a decline of 17.9% from the August 15th total of 14,330,000 shares. Based on an average daily trading volume, of 4,440,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 4.1% of the shares of the stock are sold short.
View MGM Resorts International's Short Interest
.

When is MGM Resorts International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our MGM earnings forecast
.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) issued its earnings results on Wednesday, August, 2nd. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.06. The firm had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.82 billion. MGM Resorts International had a net margin of 2.53% and a trailing twelve-month return on equity of 2.10%. The business's quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS.
Read the conference call transcript
.

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 Wednesday, November 2nd. Investors of record on Friday, December 9th will be paid a dividend of $0.0025 per share on Thursday, December 15th. This represents a $0.01 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Thursday, December 8th.
Read our dividend analysis for MGM
.

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

MGM Resorts International declared that its board has authorized a stock repurchase program on Wednesday, February 8th 2023, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 12.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors 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).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.33%), State Street Corp (3.45%), Geode Capital Management LLC (1.81%), Canada Pension Plan Investment Board (1.56%), Fisher Asset Management LLC (1.26%) and Dimensional Fund Advisors LP (0.98%). 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, William Hornbuckle and William Warwick Grounds.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $37.03.

How much money does MGM Resorts International make?

MGM Resorts International (NYSE:MGM) has a market capitalization of $12.99 billion and generates $13.13 billion in revenue each year. The company earns $1.47 billion in net income (profit) each year or $1.03 on an earnings per share basis.

How many employees does MGM Resorts International have?

The company employs 46,000 workers across the globe.

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.
Read More
How can I contact MGM Resorts International?

MGM Resorts International's mailing address is 3600 LAS VEGAS BLVD SOUTH, LAS VEGAS NV, 89109. The official website for the company is www.mgmresorts.com. The company can be reached via phone at (702) 693-7120, via email at ir@mgmresorts.com, or via fax at 702-693-8626.

This page (NYSE:MGM) was last updated on 9/21/2023 by MarketBeat.com Staff

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