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

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

MGM Resorts International declared a quarterly dividend on Thursday, November 1st. Stockholders of record on Monday, December 10th will be given a dividend of $0.12 per share on Friday, December 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, December 7th. View MGM Resorts International's Dividend History.

MGM Resorts International announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 10th 2018, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 10.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) released its quarterly earnings results on Tuesday, October, 30th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.18 by $0.06. The company earned $3.03 billion during the quarter, compared to analysts' expectations of $2.99 billion. MGM Resorts International had a net margin of 16.75% and a return on equity of 4.51%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th 2019. View Earnings Estimates for MGM Resorts International.

12 brokerages have issued 12 month price objectives for MGM Resorts International's shares. Their forecasts range from $30.00 to $43.00. On average, they anticipate MGM Resorts International's share price to reach $35.00 in the next year. This suggests a possible upside of 28.0% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Resorts International.

Media headlines about MGM stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by reviewing 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 1.9 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.

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), Hyatt Hotels (H), Caesars Entertainment (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO) and Penn National Gaming (PENN).

MGM Resorts International's stock is owned by many different of institutional and retail investors. Top institutional investors include Gateway Investment Advisers LLC (0.08%), RPG Investment Advisory LLC (0.03%), State of Alaska Department of Revenue (0.02%), DNB Asset Management AS (0.01%), CenturyLink Investment Management Co (0.01%) and Louisiana State Employees Retirement System (0.00%). Company insiders that own MGM Resorts International stock include Alexis Herman, Corey Ian Sanders, Daniel D'arrigo, Daniel J Taylor, James Murren, John Mcmanus, Joness Lang, Mary Christine Gay, Phyllis James, Robert Baldwin, Robert Selwood, 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 CENTRAL TRUST Co, Louisiana State Employees Retirement System, Gateway Investment Advisers LLC and RPG Investment Advisory LLC. Company insiders that have sold MGM Resorts International company stock in the last year include Alexis Herman, Corey Ian Sanders, Daniel D'arrigo, Daniel J Taylor, Mary Christine Gay, Phyllis James, Rose Mckinney-James, William A Bible and William Hornbuckle. View Insider Buying and Selling for MGM Resorts International.

MGM stock was purchased by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C., Cerebellum GP LLC, CenturyLink Investment Management Co, State of Alaska Department of Revenue and DNB Asset Management AS. Company insiders that have bought MGM Resorts International stock in the last two years include Joness Lang, 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, Scottrade, Fidelity and Charles Schwab.

One share of MGM stock can currently be purchased for approximately $27.34.

MGM Resorts International has a market capitalization of $14.76 billion and generates $10.77 billion in revenue each year. The company earns $1.96 billion in net income (profit) each year or $1.02 on an earnings per share basis. MGM Resorts International employs 68,000 workers across the globe.

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]