MGM Resorts International - MGM Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGM shares.
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14 Wall Street research analysts have issued 1-year target prices for MGM Resorts International's shares. Their MGM share price forecasts range from $40.00 to $67.00. On average, they anticipate the company's share price to reach $50.68 in the next twelve months. This suggests a possible upside of 23.6% from the stock's current price.
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MGM Resorts International's stock was trading at $33.53 at the beginning of the year. Since then, MGM stock has increased by 22.3% and is now trading at $41.01.
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MGM Resorts International saw a decrease in short interest in the month of December. As of December 15th, there was short interest totaling 11,070,000 shares, a decrease of 8.1% from the November 30th total of 12,040,000 shares. Based on an average trading volume of 5,090,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 3.5% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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MGM Resorts International will be holding an earnings conference call on Wednesday, February 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7300752".

MGM Resorts International (NYSE:MGM) posted its earnings results on Wednesday, November, 2nd. The company reported ($1.39) earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $1.61. The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.26 billion. MGM Resorts International had a negative trailing twelve-month return on equity of 5.12% and a net margin of 10.48%.

MGM Resorts International declared a quarterly dividend on Wednesday, November 2nd. Investors of record on Friday, December 9th will be given a dividend of $0.0025 per share on Thursday, December 15th. This represents a $0.01 annualized dividend and a dividend yield of 0.02%. The ex-dividend date is Thursday, December 8th.
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MGM Resorts International (NYSE:MGM) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.02%. The dividend payout ratio is 0.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGM will have a dividend payout ratio of 6.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGM.

83 employees have rated MGM Resorts International Chief Executive Officer Bill Hornbuckle on Glassdoor.com. Bill Hornbuckle has an approval rating of 65% among the company's employees.

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), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Boeing (BA), Las Vegas Sands (LVS), Intel (INTC) and AT&T (t).

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 variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.28%), New York State Teachers Retirement System (0.10%), Osborne Partners Capital Management LLC (0.07%), Calamos Advisors LLC (0.06%), Natixis Advisors L.P. (0.05%) and Assenagon Asset Management S.A. (0.05%). Insiders that own company stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel J Taylor, Gregory M Spierkel, Iac Inc, James Murren, Janet Swartz, John Mcmanus, Keith A Meister, Mary Chris Jammet, Paul J Salem, Rose Mckinney-James, Todd Meinert, William Hornbuckle and William Warwick Grounds.
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Shares of MGM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MGM stock can currently be purchased for approximately $41.01.

MGM Resorts International (NYSE:MGM) has a market capitalization of $15.75 billion and generates $9.68 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $2.92 on an earnings per share basis.

The company employs 69,000 workers across the globe.

MGM Resorts International's mailing address is 3600 LAS VEGAS BLVD SOUTH, LAS VEGAS NV, 89109. The official website for the company is www.mgmresorts.com. The company can be reached via phone at (702) 693-7120, via email at ir@mgmresorts.com, or via fax at 702-693-8626.