NYSE:MGMMGM Resorts International Stock Price, Forecast & News

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MGM stock has decreased by 5.0% and is now trading at $17.18. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 2 sell ratings, 11 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MGM Resorts International.

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for MGM Resorts International.

MGM Resorts International (NYSE:MGM) announced its quarterly earnings data on Thursday, April, 30th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.32) by $0.13. The company had revenue of $2.25 billion for the quarter, compared to analysts' expectations of $2.26 billion. MGM Resorts International had a return on equity of 0.81% and a net margin of 23.59%. The firm's quarterly revenue was down 29.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. View MGM Resorts International's earnings history.

MGM Resorts International declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.002 per share on Monday, June 15th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.05%. The ex-dividend date is Tuesday, June 9th. View MGM Resorts International's dividend history.

MGM Resorts International updated its first quarter 2020 After-Hours earnings guidance on Thursday, April, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.3-2.3 billion, compared to the consensus revenue estimate of $2.42 billion.

15 Wall Street analysts have issued twelve-month target prices for MGM Resorts International's stock. Their forecasts range from $10.00 to $40.00. On average, they expect MGM Resorts International's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price. View analysts' price targets for MGM Resorts International.

News coverage about MGM stock has trended very negative this week, according to InfoTrie. The research group scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. MGM Resorts International earned a news impact score of -3.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutMGM Resorts International.

MGM Resorts International saw a increase in short interest in April. As of April 30th, there was short interest totaling 27,900,000 shares, an increase of 58.0% from the April 15th total of 17,660,000 shares. Based on an average daily volume of 22,510,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 5.7% 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), Penn National Gaming (PENN), Advanced Drainage Systems (WMS), Boyd Gaming (BYD), International Game Technology (IGT), Scientific Games (SGMS) and Monarch Casino & Resort (MCRI). View all competitors.

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

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

MGM Resorts International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.48%), State Street Corp (4.26%), Geode Capital Management LLC (1.64%), Eminence Capital LP (1.28%), Capital World Investors (1.10%) and Canyon Capital Advisors LLC (1.04%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel D'arrigo, Gregory M Spierkel, James Murren, Keith A Meister, Mary Christine Gay, Paul J Salem, Phyllis James, Rose Mckinney-James and William Hornbuckle. View institutional ownership trends for MGM Resorts International.

MGM stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Bank of New York Mellon Corp, Two Sigma Investments LP, Canyon Capital Advisors LLC, Two Sigma Advisers LP, Public Employees Retirement Association of Colorado, Nuveen Asset Management LLC, and Primecap Management Co. CA. Company insiders that have sold MGM Resorts International company stock in the last year include James Murren, Mary Christine Gay, and Rose Mckinney-James. View insider buying and selling activity for MGM Resorts International.

MGM stock was bought by a variety of institutional investors in the last quarter, including Eminence Capital LP, Janus Henderson Group PLC, Key Square Capital Management LLC, Connor Clark & Lunn Investment Management Ltd., Calamos Advisors LLC, Sumitomo Mitsui Trust Holdings Inc., Deutsche Bank AG, and Squarepoint Ops LLC. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Corey Ian Sanders, Gregory M Spierkel, Keith A Meister, Mary Christine Gay, Paul J Salem, and William Hornbuckle. View insider buying and selling activity 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 $17.18.

MGM Resorts International has a market capitalization of $8.47 billion and generates $12.90 billion in revenue each year. The company earns $2.05 billion in net income (profit) each year or $0.77 on an earnings per share basis. MGM Resorts International employs 52,000 workers across the globe.

The official website for MGM Resorts International is 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]