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

9 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 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MGM shares.
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9 equities research analysts have issued 1-year target prices for MGM Resorts International's stock. Their MGM share price forecasts range from $45.00 to $75.00. On average, they predict the company's share price to reach $58.86 in the next twelve months. This suggests a possible upside of 60.6% from the stock's current price.
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MGM Resorts International's stock was trading at $33.53 at the start of the year. Since then, MGM stock has increased by 9.3% and is now trading at $36.65.
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MGM Resorts International saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 11,760,000 shares, a decrease of 17.9% from the August 15th total of 14,330,000 shares. Based on an average daily volume of 4,440,000 shares, the short-interest ratio is presently 2.6 days. Approximately 4.1% of the company's stock are sold short.
View MGM Resorts International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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MGM Resorts International (NYSE:MGM) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates 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%. MGM Resorts International's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share.
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MGM Resorts International declared 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 annualized dividend and a yield of 0.03%. The ex-dividend date 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), AdvisorShares Vice ETF (VICE), VanEck Gaming ETF (BJK), AdvisorShares Hotel ETF (BEDZ), Roundhill Sports Betting & iGaming ETF (BETZ), Pinnacle Focused Opportunities ETF (FCUS), iBET Sports Betting & Gaming ETF (IBET) and Invesco Leisure and Entertainment ETF (PEJ).

MGM Resorts International declared that its board has initiated a stock buyback plan on Wednesday, February 8th 2023, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 12.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are 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."

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 $36.65.

MGM Resorts International (NYSE:MGM) has a market capitalization of $12.86 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.

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.