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NYSE:MGM

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

$36.95
+0.19 (+0.52%)
(As of 10:22 AM ET)
Compare
Today's Range
$36.54
▼
$37.06
50-Day Range
$36.49
▼
$50.89
52-Week Range
$29.20
▼
$51.35
Volume
548,663 shs
Average Volume
4.46 million shs
Market Capitalization
$12.97 billion
P/E Ratio
35.87
Dividend Yield
N/A
Price Target
$58.86
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

MGM Resorts International MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
59.6% Upside
$58.86 Price Target
Short Interest
Healthy
4.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
0.87mentions of MGM Resorts International in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$2.25 M Sold Last Quarter
Proj. Earnings Growth
16.10%
From $2.36 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.

3.03 out of 5 stars

Consumer Discretionary Sector

17th out of 277 stocks

Hotels & Motels Industry

1st out of 28 stocks

See Top Rated MarketRank™ Stocks Here

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

September 15, 2023 | marketbeat.com
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.
October 1, 2023 | finance.yahoo.com
Las Vegas Strip adding unique adult theme park-style attraction
October 2, 2023 | PressReach (Ad)
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
September 30, 2023 | finance.yahoo.com
UPDATE 1-Detroit casino workers approve strike authorization at three casinos
September 30, 2023 | finance.yahoo.com
Caesars casino move sets dangerous Las Vegas Strip precedent
September 29, 2023 | benzinga.com
Looking At MGM Resorts Intl's Recent Unusual Options Activity
September 28, 2023 | finance.yahoo.com
MGM Resorts' Joint Venture Signs Implementation Agreement for Integrated Resort in Osaka, Japan
September 27, 2023 | finance.yahoo.com
Aaron's (AAN) Opens Store in Arkansas Under Its GenNext Plan
October 2, 2023 | PressReach (Ad)
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
September 27, 2023 | finance.yahoo.com
Las Vegas Strip Workers Vote to Strike
September 26, 2023 | finance.yahoo.com
Las Vegas hospitality workers could be the latest major labor union to go on strike
September 26, 2023 | finance.yahoo.com
DraftKings pops as JPMorgan says stock is undervalued
September 25, 2023 | tmcnet.com
MGM Data Breach: Stueve Siegel Hanson LLP Investigates Potential Claims Against MGM Resorts International
September 25, 2023 | msn.com
MGM Resorts Faces Class Action Over Cyberattack, Operations Resume After 10-Day Shutdown
September 25, 2023 | seekingalpha.com
MGM Resorts: Impact Of Ransomware Attack
September 23, 2023 | msn.com
MGM Resorts reports online reservation system back up and running
September 22, 2023 | msn.com
MGM Resorts suffers $52 million loss from cyberattack due to social engineering scam
September 22, 2023 | finance.yahoo.com
Chris Rock brings Las Vegas to the UK in BetMGM’s launch advertising campaign
September 22, 2023 | ca.finance.yahoo.com
'Power, influence, notoriety': The Gen-Z hackers who struck MGM, Caesars
September 21, 2023 | finance.yahoo.com
Can Pricing, Online Strength Aid Carter's (CRI) Amid Inflation?
September 21, 2023 | msn.com
MGM: Operations back to normal; employees cite residual problems
September 20, 2023 | finance.yahoo.com
UPDATE 1-MGM Resorts recovers from cyberattack, but still no digital room keys
September 20, 2023 | knpr.org
Does the MGM hack spell trouble for the future, or can casino cyberattacks be stopped?
September 20, 2023 | finance.yahoo.com
Normal operations return to MGM Resorts 10 days after cyberattack, casino company says
September 20, 2023 | finance.yahoo.com
MGM says its hotels, casinos 'operating normally' after cyberattack
September 19, 2023 | msn.com
MGM Resorts releases update for guests following cyber attack
September 19, 2023 | msn.com
Signal: MGM and Ceasars hackers also breached 3 other companies
See More Headlines
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MGM Company Calendar

Last Earnings
8/02/2023
Today
10/02/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Sector
Consumer Discretionary
Current Symbol
NYSE:MGM
CUSIP
55295310
CIK
789570
Web
www.mgmresorts.com
Phone
(702) 693-7120
Fax
702-693-8626
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
+60.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.03
Trailing P/E Ratio
35.69
Forward P/E Ratio
15.58
P/E Growth
N/A
Net Income
$1.47 billion
Net Margins
2.53%
Pretax Margin
-1.97%
Return on Equity
2.10%
Return on Assets
0.25%

Debt

Debt-to-Equity Ratio
1.38
Current Ratio
2.04
Quick Ratio
2.00

Sales & Book Value

Annual Sales
$13.13 billion
Price / Sales
0.98
Cash Flow
$12.99 per share
Price / Cash Flow
2.83
Book Value
$13.57 per share
Price / Book
2.71

Miscellaneous

Outstanding Shares
350,890,000
Free Float
343,415,000
Market Cap
$12.90 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













MGM Stock - Frequently Asked Questions

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

9 Wall Street 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 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?

9 brokers have issued 1 year 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 twelve months. This suggests a possible upside of 60.1% 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 on January 1st, 2023. Since then, MGM stock has increased by 9.6% and is now trading at $36.76.
View the best growth stocks for 2023 here.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a decrease in short interest in 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 currently 2.6 days. Currently, 4.1% of the company's shares 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 quarterly earnings data on Wednesday, August, 2nd. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The business 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%. MGM Resorts International's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 earnings per share.
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. Shareholders 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 annualized dividend and a yield of 0.03%. The ex-dividend date is Thursday, December 8th.
Read our dividend analysis for MGM.

What ETFs hold MGM Resorts International's stock?

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).

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

MGM Resorts International announced that its board has authorized a stock repurchase plan on Wednesday, February 8th 2023, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 12.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership 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."

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 $36.76.

How much money does MGM Resorts International make?

MGM Resorts International (NYSE:MGM) has a market capitalization of $12.90 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 10/2/2023 by MarketBeat.com Staff

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