About MGM Resorts International (NYSE:MGM)
MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities. Its casino operations feature a range of slots, table games, and race and sports book wagering. Its 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. Under its resort operation, the Company's casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It owns Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi, among others. It owns and manages CityCenter Holdings, LLC, located between Bellagio and Monte Carlo.
Industry, Sector and Symbol:
- Sector: Consumer Discretionary
- Industry: Resorts & Casinos
- Sub-Industry: Casinos & Gaming
- Symbol: NYSE:MGM
- CUSIP: 55295310
- Web: www.mgmresorts.com
- Market Cap: $17.96 billion
- Outstanding Shares: 574,739,000
- 50 Day Moving Avg: $29.53
- 200 Day Moving Avg: $28.41
- 52 Week Range: $21.31 - $32.28
Sales & Book Value:
- Trailing P/E Ratio: 14.67
- Foreward P/E Ratio: 19.78
- P/E Growth: 3.43
- Annual Revenue: $9.56 billion
- Price / Sales: 1.88
- Book Value: $11.10 per share
- Price / Book: 2.82
- EBIDTA: $2.26 billion
- Net Margins: 3.15%
- Return on Equity: 6.45%
- Return on Assets: 2.15%
- Debt-to-Equity Ratio: 1.29%
- Current Ratio: 1.04%
- Quick Ratio: 0.99%
- Average Volume: 9.08 million shs.
- Beta: 1.66
- Short Ratio: 1.66
Frequently Asked Questions for MGM Resorts International (NYSE:MGM)
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 declared a quarterly dividend on Thursday, April 27th. Investors of record on Friday, June 9th will be paid a dividend of $0.11 per share on Thursday, June 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, June 7th. View MGM Resorts International's Dividend History.
How were MGM Resorts International's earnings last quarter?
MGM Resorts International (NYSE:MGM) posted its quarterly earnings results on Thursday, April, 27th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.12. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.63 billion. MGM Resorts International had a return on equity of 6.45% and a net margin of 3.15%. The company's revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. View MGM Resorts International's Earnings History.
When will MGM Resorts International make its next earnings announcement?
Where is MGM Resorts International's stock going? Where will MGM Resorts International's stock price be in 2017?
19 equities research analysts have issued 12-month price targets for MGM Resorts International's shares. Their forecasts range from $31.00 to $39.00. On average, they expect MGM Resorts International's share price to reach $34.38 in the next year. View Analyst Ratings for MGM Resorts International.
What are analysts saying about MGM Resorts International stock?
Here are some recent quotes from research analysts about MGM Resorts International stock:
- 1. Instinet analysts commented, "The level of vitriol towards MGM post its 4Q16 muff has risen to a level that reminds us of NCLH after it missed and lowered in 3Q last year. MGM is off 8% YTD vs. a 6% gain for the S&P 500 and +8% for the S&P Hotels, Resorts & Cruise Lines Index, and its forward EBITDA multiple has contracted to a near low of 9x. In our view, though, the $1.5b in MGM's lost market cap is an opportunity for investors who, like us, believe in the pricing power of Vegas as well as improving visibility of MGM's free cash flow. Just as when we wrote on NCLH last August, we believe there is 23% upside in MGM's stock from current levels. In this note, we argue that consensus RevPAR estimates for 2017 are reasonable at +4-5%, but that the Street's expectation for higher RevPAR in 2Q and lower in 3Q should be inverted. We expect 2Q to be more challenged (+2% y/y) due to the Easter shift (consensus is over 4%), but 3Q should be at least 3% (versus buy-side consensus of 0-1%)." (3/16/2017)
- 2. 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)
- 3. 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)
Who are some of MGM Resorts International's key competitors?
Some companies that are related to MGM Resorts International include Royal Caribbean Cruises Ltd (RCL), Wynn Resorts, Limited (WYNN), Norwegian Cruise Line Holdings Ltd (NCLH), Vail Resorts (MTN), Marriott Vacations Worldwide Corp (VAC), Boyd Gaming (BYD), Caesars Acquisition Company (CACQ), Penn National Gaming (PENN), La Quinta Holdings (LQ), Eldorado Resorts (ERI), Pinnacle Entertainment (PNK), Monarch Casino & Resort (MCRI), Golden Entertainment (GDEN), Century Casinos (CNTY), Diamond Resorts International (DRII) and Isle of Capri Casinos (ISLE).
Who owns MGM Resorts International stock?
MGM Resorts International's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.94%), Harris Associates L P (4.10%), BlackRock Inc. (3.95%), Canyon Capital Advisors LLC (3.10%), State Street Corp (1.54%) and TIAA CREF Investment Management LLC (1.21%). 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, Phyllis James, Robert Baldwin, Robert Selwood, Roland A Hernandez, Rose Mckinney-James, William A Bible, William Hornbuckle and William Warwick Grounds. View Institutional Ownership Trends for MGM Resorts International.
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 TIAA CREF Investment Management LLC, BlueCrest Capital Management Ltd, Cookson Peirce & Co. Inc., American Century Companies Inc., Korea Investment CORP, Marshall Wace LLP, Caxton Associates LP and Morgan Stanley. Company insiders that have sold MGM Resorts International stock in the last year include Alexis Herman, Corey Ian Sanders, Corp Tracinda, Daniel D'arrigo, James Murren, John Mcmanus, Mary Christine Gay, Phyllis James, Robert Baldwin, Robert Selwood, Rose Mckinney-James, William A Bible and William Hornbuckle. View Insider Buying and Selling for MGM Resorts International.
Who bought MGM Resorts International stock? Who is buying MGM Resorts International stock?
MGM Resorts International's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Harris Associates L P, Vanguard Group Inc., Canyon Capital Advisors LLC, Janus Capital Management LLC, Nicholas Investment Partners LP, Primecap Management Co. CA and GMT Capital Corp. 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, William A Bible and William Warwick Grounds. View Insider Buying and Selling for MGM Resorts International.
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 $31.25.
Earnings History for MGM Resorts International (NYSE:MGM)Earnings History by Quarter for MGM Resorts International (NYSE:MGM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017|| || || || || || || || |
|4/27/2017||Q1 2017||$0.26||$0.38||$2.63 billion||$2.71 billion||View||N/A|
|2/16/2017||Q416||$0.17||$0.11||$2.44 billion||$2.46 billion||View||N/A|
|11/7/2016||Q316||$0.11||$0.58||$2.37 billion||$2.52 billion||View||N/A|
|8/4/2016||Q216||$0.28||$0.26||$2.33 billion||$2.45 billion||View||N/A|
|5/5/2016||Q116||$0.11||$0.12||$2.28 billion||$2.21 billion||View||N/A|
|2/18/2016||Q415||$0.08||($1.38)||$2.25 billion||$2.19 billion||View||Listen|
|10/29/2015||Q315||$0.04||$0.12||$2.30 billion||$2.28 billion||View||Listen|
|8/4/2015||Q215||$0.11||$0.17||$2.38 million||$2.39 billion||View||N/A|
|5/4/2015||Q115||$0.14||$0.33||$2.40 billion||$2.33 billion||View||N/A|
|2/17/2015||Q414||$0.06||$0.01||$2.41 billion||$2.39 billion||View||N/A|
|10/30/2014||Q314||$0.06||($0.02)||$2.49 billion||$2.50 billion||View||N/A|
|8/5/2014||Q214||$0.12||$0.21||$2.57 billion||$2.60 billion||View||N/A|
|4/29/2014||Q114||$0.09||$0.21||$2.58 billion||$2.60 billion||View||N/A|
|2/19/2014||Q413||($0.01)||($0.08)||$2.46 billion||$2.50 billion||View||N/A|
|10/31/2013||Q313||($0.03)||($0.07)||$2.42 billion||$2.50 billion||View||N/A|
|8/6/2013||Q2 2013||$0.01||$0.04||$2.47 billion||$2.50 billion||View||N/A|
|5/2/2013||Q1 2013||($0.10)||$0.01||$2.34 billion||$2.35 billion||View||N/A|
|2/20/2013||Q4 2012||($0.27)||($0.23)||$2.31 billion||$2.29 billion||View||N/A|
Earnings Estimates for MGM Resorts International (NYSE:MGM)
Current Year EPS Consensus Estimate: $1.27 EPS
Next Year EPS Consensus Estimate: $1.58 EPS
Current Dividend Information for MGM Resorts International (NYSE:MGM)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||88.00% (Trailing 12 Months of Earnings) |
34.65% (Based on This Year's Estimates)
27.85% (Based on Next Year's Estimates)
Dividend History by Quarter for MGM Resorts International (NYSE:MGM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for MGM Resorts International (NYSE:MGM)
Insider Ownership Percentage: 16.90%Insider Trades by Quarter for MGM Resorts International (NYSE:MGM)
Institutional Ownership Percentage: 71.92%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/15/2017||Corey Ian Sanders||COO||Sell||21,441||$31.60||$677,535.60|| |
|5/3/2017||Rose Mckinney-James||Director||Sell||880||$30.95||$27,236.00|| |
|5/1/2017||Corey Ian Sanders||Insider||Sell||19,855||$31.01||$615,703.55|| |
|5/1/2017||John Mcmanus||EVP||Sell||14,942||$30.74||$459,317.08|| |
|5/1/2017||William A Bible||Director||Sell||5,906||$30.77||$181,727.62|| |
|2/28/2017||Robert Baldwin||Insider||Sell||106,160||$26.26||$2,787,761.60|| |
|2/21/2017||William Warwick Grounds||Director||Buy||1,150||$26.74||$30,751.00|| |
|12/13/2016||Daniel D'arrigo||Insider||Sell||32,618||$30.07||$980,823.26|| |
|11/29/2016||Phyllis James||EVP||Sell||5,734||$28.93||$165,884.62|| |
|11/29/2016||William Hornbuckle||President||Sell||46,772||$29.00||$1,356,388.00|| |
|11/21/2016||Corey Ian Sanders||Insider||Sell||26,540||$29.10||$772,314.00|| |
|11/9/2016||James Murren||CEO||Sell||90,525||$27.99||$2,533,794.75|| |
|11/9/2016||Robert Selwood||EVP||Sell||12,961||$28.13||$364,592.93|| |
|11/9/2016||William Hornbuckle||President||Sell||26,225||$28.56||$748,986.00|| |
|9/1/2016||Corp Tracinda||Major Shareholder||Sell||4,000,000||$100,000,000.00||$400,000,000,000,000.00|| |
|8/31/2016||John Mcmanus||EVP||Sell||12,363||$24.44||$302,151.72|| |
|8/12/2016||Alexis Herman||Director||Sell||2,391||$24.66||$58,962.06|| |
|6/14/2016||Mary Christine Gay||Director||Sell||5,300||$23.89||$126,617.00|| |
|6/1/2016||Rose Mckinney-James||Director||Sell||2,948||$23.33||$68,776.84|| |
|5/25/2016||John Mcmanus||EVP||Sell||4,116||$22.88||$94,174.08|| |
|5/24/2016||Corey Ian Sanders||COO||Sell||33,090||$22.63||$748,826.70|| |
|5/20/2016||William Hornbuckle||President||Sell||30,354||$21.51||$652,914.54|| |
|5/16/2016||Daniel J Taylor||Director||Sell||12,631||$22.06||$278,639.86|| |
|5/10/2016||Corey Ian Sanders||COO||Sell||32,894||$22.36||$735,509.84|| |
|3/14/2016||Roland A Hernandez||Director||Sell||12,285||$21.06||$258,722.10|| |
|3/11/2016||Edward Leith Ellwood||Insider||Buy||1,000||$0.06||$60.00|
|3/11/2016||William Warwick Grounds||Director||Buy||1,250||$20.77||$25,962.50|| |
|3/10/2016||Phyllis James||EVP||Sell||18,520||$20.30||$375,956.00|| |
|3/9/2016||Corey Ian Sanders||COO||Sell||40,119||$20.06||$804,787.14|| |
|3/9/2016||Edward Leith Ellwood||Insider||Buy||1,000||$0.06||$60.00|
|2/24/2016||William A Bible||Director||Buy||1,000||$17.80||$17,800.00|| |
|12/8/2015||Phyllis James||EVP||Sell||23,963||$21.59||$517,361.17|| |
|12/4/2015||Gregory M Spierkel||Director||Buy||5,000||$22.48||$112,400.00|| |
|11/20/2015||Edward Leith Ellwood||Insider||Buy||1,000||$0.05||$50.00|
|11/11/2015||John Mcmanus||EVP||Sell||7,442||$23.28||$173,249.76|| |
|11/2/2015||Robert Selwood||CAO||Sell||12,398||$23.90||$296,312.20|| |
|10/29/2015||Edward Leith Ellwood||Insider||Buy||2,000||$0.05||$100.00|
|10/20/2015||Edward Leith Ellwood||Insider||Sell||100,000||$0.04||$4,000.00|
|8/25/2015||Mary Christine Gay||Director||Buy||1,000||$20.00||$20,000.00|| |
|5/7/2015||Paul Valerian Teodorovici||Director||Buy||2,000||$0.05||$100.00|
|4/17/2015||Paul Valerian Teodorovici||Director||Buy||2,000||$0.05||$100.00|
|4/14/2015||Edward Leith Ellwood||Insider||Buy||1,000||$0.05||$45.00|
|4/13/2015||Edward Leith Ellwood||Insider||Buy||2,000||$0.05||$90.00|
|1/14/2015||Paul Valerian Teodorovici||Director||Buy||3,000||$0.04||$120.00|
|11/7/2014||Alexis Herman||Director||Sell||12,986||$21.94||$284,912.84|| |
|8/22/2014||Phyllis James||EVP||Sell||4,875||$25.00||$121,875.00|| |
|8/20/2014||Robert Baldwin||Insider||Sell||26,973||$25.21||$679,989.33|| |
|8/11/2014||Rose Mckinney-James||Director||Sell||4,870||$24.83||$120,922.10|| |
|5/29/2014||Christopher W Nordling||EVP||Sell||5,687||$25.73||$146,326.51|| |
|5/1/2014||James Murren||CEO||Sell||26,778||$25.22||$675,341.16|| |
|3/6/2014||Corey Ian Sanders||COO||Sell||17,745||$28.41||$504,135.45|| |
|3/5/2014||William Hornbuckle||CMO||Sell||74,059||$28.26||$2,092,907.34|| |
|2/21/2014||John Mcmanus||EVP||Sell||6,060||$27.13||$164,407.80|| |
|2/21/2014||Roland Hernandez||Director||Sell||2,130||$27.25||$58,042.50|| |
|12/4/2013||Phyllis James||EVP||Sell||1,645||$19.62||$32,274.90|| |
|9/13/2013||John Mcmanus||EVP||Sell||6,779||$18.99||$128,733.21|| |
|9/11/2013||James Murren||CEO||Sell||61,784||$19.09||$1,179,456.56|| |
|8/22/2013||Alexis Herman||Director||Sell||28,747||$17.51||$503,359.97|| |
|8/19/2013||Rose Mckinney-James||Director||Sell||11,820||$17.27||$204,131.40|| |
|8/13/2013||Christopher Nordling||EVP||Sell||6,229||$17.36||$108,135.44|| |
|8/8/2013||William Hornbuckle||CMO||Sell||36,931||$17.41||$642,968.71|| |
|5/16/2013||John Mcmanus||EVP||Sell||5,225||$15.66||$81,823.50|| |
|5/14/2013||James Murren||CEO||Sell||94,007||$15.83||$1,488,130.81|| |
Headline Trends for MGM Resorts International (NYSE:MGM)
Latest Headlines for MGM Resorts International (NYSE:MGM)
MGM Resorts International (MGM) Chart for Monday, May, 22, 2017