NYSE:MGM - MGM Resorts International Stock Price, Forecast & News

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

MGM Resorts International announced a quarterly dividend on Wednesday, October 30th. Investors of record on Tuesday, December 10th will be given a dividend of $0.13 per share on Monday, December 16th. This represents a $0.52 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Monday, December 9th. View MGM Resorts International's Dividend History.

MGM Resorts International announced that its board has initiated a stock buyback plan on Thursday, May 10th 2018, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 10.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

MGM Resorts International (NYSE:MGM) released its earnings results on Wednesday, October, 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $0.37. The business had revenue of $3.31 billion for the quarter, compared to analysts' expectations of $3.33 billion. MGM Resorts International had a net margin of 0.11% and a return on equity of 4.10%. The business's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 earnings per share. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for MGM Resorts International.

11 equities research analysts have issued 12-month price targets for MGM Resorts International's stock. Their forecasts range from $23.00 to $38.00. On average, they anticipate MGM Resorts International's stock price to reach $31.90 in the next year. This suggests that the stock has a possible downside of 0.8%. View Analyst Price Targets for MGM Resorts International.

11 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 4 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 been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. MGM Resorts International earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for MGM Resorts International.

MGM Resorts International saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 9,890,000 shares, a decrease of 16.9% from the September 30th total of 11,900,000 shares. Based on an average daily trading volume, of 5,260,000 shares, the short-interest ratio is currently 1.9 days. Approximately 1.9% of the shares of the 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), Wynn Resorts (WYNN), Caesars Entertainment (CZR), Churchill Downs (CHDN), Boyd Gaming (BYD), International Game Technology (IGT), Penn National Gaming (PENN), Advanced Drainage Systems (WMS), Scientific Games (SGMS), Monarch Casino & Resort (MCRI), Ameristar Casinos (ASCA) and MTR Gaming Group (MNTG).

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

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.02%), Canyon Capital Advisors LLC (2.17%), Maverick Capital Ltd. (0.46%), Gamco Investors INC. ET AL (0.44%), Public Employees Retirement Association of Colorado (0.43%) and Sumitomo Mitsui Trust Holdings Inc. (0.39%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel D'arrigo, Daniel J Taylor, Joness Lang, Keith A Meister, Mary Christine Gay, Paul J Salem, Phyllis James, 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 Maverick Capital Ltd., Canyon Capital Advisors LLC, State of New Jersey Common Pension Fund D, Beach Point Capital Management LP, Calamos Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank, Gamco Investors INC. ET AL and Engine Capital Management LP. Company insiders that have sold MGM Resorts International company stock in the last year include Mary Christine Gay 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 Squarepoint Ops LLC, State Street Corp, California Public Employees Retirement System, State of Alaska Department of Revenue, Managed Asset Portfolios LLC, Mackay Shields LLC, Parametric Portfolio Associates LLC and Commerzbank Aktiengesellschaft FI. 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 $32.17.

MGM Resorts International has a market capitalization of $16.77 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]