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. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.13 per share on Monday, December 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, December 9th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its board has approved a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) issued its quarterly earnings results on Wednesday, October, 30th. The company reported ($0.08) EPS for the quarter, missing the Zacks' consensus estimate of $0.29 by $0.37. The business earned $3.31 billion during the quarter, compared to analyst estimates of $3.33 billion. MGM Resorts International had a return on equity of 4.10% and a net margin of 0.11%. The company's revenue was up 9.4% on a year-over-year basis. During the same period last 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 analysts have issued 1-year price targets for MGM Resorts International's shares. Their forecasts range from $23.00 to $38.00. On average, they anticipate MGM Resorts International's share price to reach $31.90 in the next twelve months. This suggests that the stock has a possible downside of 7.6%. 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 stories about MGM stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MGM Resorts International earned a news sentiment score of -2.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for MGM Resorts International.

MGM Resorts International saw a decrease in short interest in December. As of December 31st, there was short interest totalling 9,260,000 shares, a decrease of 6.7% from the December 15th total of 9,920,000 shares. Based on an average trading volume of 4,300,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.8% of the company's stock are short sold. 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) 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), Wynn Resorts (WYNN), Micron Technology (MU), Intel (INTC), Las Vegas Sands (LVS), Alibaba Group (BABA), Bank of America (BAC), BlackRock (BLK), AT&T (T) and Netflix (NFLX).

MGM Resorts International's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Calamos Advisors LLC (0.24%), Artemis Investment Management LLP (0.10%), Tocqueville Asset Management L.P. (0.08%), Gateway Investment Advisers LLC (0.07%), State of Alaska Department of Revenue (0.05%) and Nisa Investment Advisors LLC (0.02%). 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 Calamos Advisors LLC, Commerzbank Aktiengesellschaft FI, Gateway Investment Advisers LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, IFM Investors Pty Ltd, Calamos Wealth Management LLC and Louisiana State Employees Retirement System. 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 Artemis Investment Management LLP, Tocqueville Asset Management L.P., Sciencast Management LP, DNB Asset Management AS, Assenagon Asset Management S.A., Clear Street Markets LLC, Shulman DeMeo Asset Management LLC and Appleton Partners Inc. MA. 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 $34.54.

MGM Resorts International has a market capitalization of $18.01 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]