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

10 Wall Street 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 research analysts is that investors should "buy" MGM shares.
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10 analysts have issued 1 year target prices for MGM Resorts International's shares. Their MGM share price forecasts range from $40.00 to $75.00. On average, they anticipate the company's stock price to reach $56.13 in the next twelve months. This suggests a possible upside of 35.1% from the stock's current price.
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MGM Resorts International's stock was trading at $33.53 at the beginning of the year. Since then, MGM stock has increased by 23.9% and is now trading at $41.53.
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MGM Resorts International saw a decrease in short interest in April. As of April 30th, there was short interest totaling 7,050,000 shares, a decrease of 15.2% from the April 15th total of 8,310,000 shares. Based on an average trading volume of 4,480,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 2.4% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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MGM Resorts International (NYSE:MGM) posted its quarterly earnings data on Monday, May, 1st. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.40. The business earned $3.90 billion during the quarter, compared to analysts' expectations of $3.61 billion. MGM Resorts International had a net margin of 13.84% and a negative trailing twelve-month return on equity of 1.33%. The business's revenue was up 36.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 EPS.
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MGM Resorts International announced a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Friday, December 9th will be given 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 0.02%. The ex-dividend date of this dividend is Thursday, December 8th.
Read our dividend analysis for MGM.

ETFs with the largest weight of MGM Resorts International (NYSE:MGM) stock in their portfolio include AdvisorShares Gerber Kawasaki ETF (GK), VanEck Gaming ETF (BJK), iBET Sports Betting & Gaming ETF (IBET), Roundhill Sports Betting & iGaming ETF (BETZ), Alger Mid Cap 40 ETF (FRTY), Alger 35 ETF (ATFV), First Trust S-Network Streaming & Gaming ETF (BNGE) and B.A.D. Etf (BAD).

MGM Resorts International declared that its board has initiated a share buyback program on Wednesday, February 8th 2023, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 12.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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.

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).

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

MGM Resorts International's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.03%), State Street Corp (3.26%), Geode Capital Management LLC (1.78%), Fisher Asset Management LLC (1.17%), Dimensional Fund Advisors LP (1.01%) and Southeastern Asset Management Inc. TN (0.90%). 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.
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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.
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One share of MGM stock can currently be purchased for approximately $41.53.

MGM Resorts International (NYSE:MGM) has a market capitalization of $15.11 billion and generates $13.13 billion in revenue each year. The company earns $1.47 billion in net income (profit) each year or $4.68 on an earnings per share basis.

The company employs 46,000 workers across the globe.

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.