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 Friday, August 3rd. Shareholders of record on Monday, September 10th will be paid a dividend of $0.12 per share on Friday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Friday, September 7th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its board has approved a share buyback program on Thursday, May 10th 2018, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 10.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) released its quarterly earnings data on Thursday, August, 2nd. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The business earned $2.86 billion during the quarter, compared to the consensus estimate of $2.97 billion. MGM Resorts International had a net margin of 17.11% and a return on equity of 5.07%. MGM Resorts International's quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Tuesday, October 30th 2018. View Earnings Estimates for MGM Resorts International.

MGM Resorts International will be holding an earnings conference call on Tuesday, October 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883176003.

13 brokers have issued 12-month target prices for MGM Resorts International's shares. Their predictions range from $30.00 to $44.00. On average, they expect MGM Resorts International's share price to reach $36.0909 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Resorts International.

Some companies that are related to MGM Resorts International include Las Vegas Sands (LVS), Marriott International (MAR), Hilton Hotels (HLT), Wynn Resorts (WYNN), Wyndham Worldwide (WYN), 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), Extended Stay America (STAY) and Eldorado Resorts (ERI).

MGM Resorts International's stock is owned by many different of retail and institutional investors. Top institutional investors include Selz Capital LLC (0.11%), Bank of Montreal Can (0.05%), Aperio Group LLC (0.03%), State of Alaska Department of Revenue (0.02%), Sumitomo Mitsui Asset Management Company LTD (0.01%) and DNB Asset Management AS (0.01%). 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, Selz Capital LLC, Strs Ohio, CenturyLink Investment Management Co and Appleton Partners Inc. MA. 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, John Mcmanus, Mary Christine Gay, Phyllis James, Robert Baldwin, 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 Bank of Montreal Can, Sumitomo Mitsui Asset Management Company LTD, Oakbrook Investments LLC, Aperio Group LLC, Coastline Trust Co, Private Trust Co. NA, DNB Asset Management AS and State of Alaska Department of Revenue. 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 $26.65.

MGM Resorts International has a market capitalization of $14.70 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]