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

$28.81
+0.04 (+0.14 %)
(As of 08/20/2019 04:00 PM ET)
Today's Range
$28.4435
Now: $28.81
$28.93
50-Day Range
$27.93
MA: $29.01
$30.8050
52-Week Range
$21.61
Now: $28.81
$31.68
Volume2.32 million shs
Average Volume6.75 million shs
Market Capitalization$15.02 billion
P/E Ratio29.10
Dividend Yield1.81%
Beta1.42
MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Read More…

Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
CUSIP55295310
Phone702-693-7120

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.76 billion
Cash Flow$3.4421 per share
Book Value$19.86 per share

Profitability

Net Income$445.45 million

Miscellaneous

Employees72,000
Market Cap$15.02 billion
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable

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MGM Resorts International (NYSE:MGM) Frequently Asked Questions

What is MGM Resorts International's stock symbol?

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

How often does MGM Resorts International pay dividends? What is the dividend yield for MGM Resorts International?

MGM Resorts International announced a quarterly dividend on Thursday, July 25th. Investors of record on Tuesday, September 10th will be given a dividend of $0.13 per share on Monday, September 16th. This represents a $0.52 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Monday, September 9th. View MGM Resorts International's Dividend History.

How will MGM Resorts International's stock buyback program work?

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

How were MGM Resorts International's earnings last quarter?

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 analysts' consensus estimates of $0.25 by $0.02. The firm earned $3.22 billion during the quarter, compared to the consensus estimate of $3.21 billion. MGM Resorts International had a return on equity of 3.77% and a net margin of 1.56%. The company's revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. View MGM Resorts International's Earnings History.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for MGM Resorts International.

What price target have analysts set for MGM?

9 brokers have issued 1 year price targets for MGM Resorts International's shares. Their predictions range from $23.00 to $37.00. On average, they expect MGM Resorts International's stock price to reach $31.00 in the next year. This suggests a possible upside of 7.6% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

What is the consensus analysts' recommendation for MGM Resorts International?

9 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MGM Resorts International.

Has MGM Resorts International been receiving favorable news coverage?

Media coverage about MGM stock has been trending positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGM Resorts International earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave news articles about the company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the next few days. View News Stories for MGM Resorts International.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 17,521,700 shares, a drop of 9.1% from the June 30th total of 19,281,100 shares. Based on an average trading volume of 5,750,000 shares, the short-interest ratio is currently 3.0 days. Currently, 3.6% of the shares of the company are short sold. View MGM Resorts International's Current Options Chain.

Who are some of MGM Resorts International's key competitors?

What other stocks do shareholders of MGM Resorts International own?

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), BlackRock (BLK), Intel (INTC), Las Vegas Sands (LVS), Alibaba Group (BABA), AT&T (T), Bank of America (BAC) and Allergan (Agn).

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the folowing people:
  • Mr. James Joseph Murren, Chairman & CEO (Age 57)
  • Mr. William Joseph Hornbuckle IV, Pres & COO (Age 61)
  • Mr. Corey Ian Sanders, CFO & Treasurer (Age 55)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 52)
  • Mr. Robert C. Selwood, Exec. VP & Chief Accounting Officer (Age 63)

Who are MGM Resorts International's major shareholders?

MGM Resorts International's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.87%), Vanguard Group Inc. (9.88%), BlackRock Inc. (6.00%), Corvex Management LP (3.94%), Canyon Capital Advisors LLC (2.50%) and Barrow Hanley Mewhinney & Strauss LLC (1.56%). 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, Keith A Meister, Mary Christine Gay, Paul J Salem, 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.

Which institutional investors are selling MGM Resorts International stock?

MGM stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Long Pond Capital LP, AQR Capital Management LLC, Putnam Investments LLC, Nomura Holdings Inc., Cibc World Markets Corp, First Trust Advisors LP and Morgan Stanley. Company insiders that have sold MGM Resorts International company stock in the last year include Daniel D'arrigo and Phyllis James. View Insider Buying and Selling for MGM Resorts International.

Which institutional investors are buying MGM Resorts International stock?

MGM stock was purchased by a variety of institutional investors in the last quarter, including Corvex Management LP, Maverick Capital Ltd., Price T Rowe Associates Inc. MD, Renaissance Technologies LLC, Nuveen Asset Management LLC, Primecap Management Co. CA, Barrow Hanley Mewhinney & Strauss LLC and Barrow Hanley Mewhinney & Strauss LLC. Company insiders that have bought MGM Resorts International stock in the last two years include 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.

How do I buy shares of 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.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $28.81.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $15.02 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.

What is MGM Resorts International's official website?

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

How can I contact MGM Resorts International?

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]


MarketBeat Community Rating for MGM Resorts International (NYSE MGM)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  1,046 (Vote Outperform)
Underperform Votes:  556 (Vote Underperform)
Total Votes:  1,602
MarketBeat's community ratings are surveys of what our community members think about MGM Resorts International and other stocks. Vote "Outperform" if you believe MGM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/20/2019 by MarketBeat.com Staff

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