MGM Resorts International Stock Price, News & Analysis (NYSE:MGM)

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

MGM Resorts International announced a quarterly dividend on Thursday, July 25th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.13 per share on Monday, September 16th. This represents a $0.52 annualized dividend and a yield of 1.88%. The ex-dividend date is Monday, September 9th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its board has approved a stock repurchase program on Thursday, May 10th 2018, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 10.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

MGM Resorts International (NYSE:MGM) posted its earnings results on Thursday, July, 25th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.02. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.21 billion. MGM Resorts International had a net margin of 1.56% and a return on equity of 3.77%. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for MGM Resorts International.

MGM Resorts International will be holding an earnings conference call on Wednesday, October 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

10 brokerages have issued 1 year target prices for MGM Resorts International's shares. Their predictions range from $23.00 to $38.00. On average, they anticipate MGM Resorts International's share price to reach $31.22 in the next year. This suggests a possible upside of 13.0% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MGM Resorts International.

News headlines about MGM stock have trended neutral on Friday, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGM Resorts International earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for MGM Resorts International.

MGM Resorts International saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 11,840,000 shares, a decrease of 11.2% from the August 30th total of 13,330,000 shares. Based on an average daily volume of 5,330,000 shares, the short-interest ratio is presently 2.2 days. Currently, 2.4% of the company's stock are sold short. View MGM Resorts International's Current Options Chain.

Some companies that are related to MGM Resorts International include Las Vegas Sands (LVS), Marriott International (MAR), Hilton Hotels (HLT), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), Caesars Entertainment (CZR), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Park Hotels & Resorts (PK), Wyndham Destinations (WYND), Eldorado Resorts (ERI) and Sunstone Hotel Investors (SHO).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Resorts International investors own include CA (CA), Wynn Resorts (WYNN), Micron Technology (MU), BlackRock (BLK), Intel (INTC), Las Vegas Sands (LVS), Alibaba Group (BABA), Bank of America (BAC), AT&T (T) and Allergan (AGN).

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional investors include Gateway Investment Advisers LLC (0.08%), State of Alaska Department of Revenue (0.06%), Commerzbank Aktiengesellschaft FI (0.04%), Envestnet Asset Management Inc. (0.02%), Rothschild Investment Corp IL (0.02%) and Robeco Institutional Asset Management B.V. (0.02%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel D'arrigo, Daniel J Taylor, John Mcmanus, Joness Lang, Keith A Meister, Mary Christine Gay, Paul J Salem, Phyllis James, Robert Baldwin, Rose Mckinney-James, Sean Charland, William A Bible, William Hornbuckle and William Warwick Grounds. View Institutional Ownership Trends for MGM Resorts International.

MGM stock was sold by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC and Landsberg Bennett & Dubbaneh LLC. Company insiders that have sold MGM Resorts International company stock in the last year include Mary Christine Gay, Phyllis James and Rose Mckinney-James. View Insider Buying and Selling for MGM Resorts International.

MGM stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, Artemis Investment Management LLP, Robeco Institutional Asset Management B.V., Triangle Securities Wealth Management, Nisa Investment Advisors LLC, Campbell & CO Investment Adviser LLC and Cerebellum GP LLC. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Joness Lang, Keith A Meister, Mary Christine Gay, Paul J Salem, Sean Charland and William Warwick Grounds. View Insider Buying and Selling for MGM Resorts International.

Shares of MGM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MGM stock can currently be purchased for approximately $27.64.

MGM Resorts International has a market capitalization of $14.41 billion and generates $11.76 billion in revenue each year. The company earns $445.45 million in net income (profit) each year or $0.99 on an earnings per share basis. MGM Resorts International employs 72,000 workers across the globe.View Additional Information About MGM Resorts International.

The official website for MGM Resorts International is http://www.mgmresorts.com/.

MGM Resorts International's mailing address is 3600 LAS VEGAS BLVD SOUTH, LAS VEGAS NV, 89109. The company can be reached via phone at 702-693-7120 or via email at [email protected]