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 Thursday, February 14th. Stockholders of record on Friday, March 8th will be given a dividend of $0.13 per share on Friday, March 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from MGM Resorts International's previous quarterly dividend of $0.12. View MGM Resorts International's Dividend History.

MGM Resorts International announced that its board has authorized a share buyback plan 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 reacquire up to 10.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) announced its earnings results on Wednesday, February, 13th. The company reported $0.14 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.13 by $0.01. The business earned $3.05 billion during the quarter, compared to analyst estimates of $3.01 billion. MGM Resorts International had a return on equity of 5.23% and a net margin of 3.96%. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. View MGM Resorts International's Earnings History.

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

13 Wall Street analysts have issued 1-year target prices for MGM Resorts International's stock. Their forecasts range from $30.00 to $39.00. On average, they expect MGM Resorts International's stock price to reach $33.7778 in the next twelve months. This suggests a possible upside of 22.7% 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 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Resorts International.

Media coverage about MGM stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The research group rates 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 positive five, with scores closest to five being the most favorable. MGM Resorts International earned a daily sentiment score of 1.2 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.

MGM Resorts International saw a increase in short interest during the month of March. As of March 15th, there was short interest totalling 17,075,362 shares, an increase of 41.7% from the February 28th total of 12,054,377 shares. Based on an average trading volume of 5,721,302 shares, the short-interest ratio is presently 3.0 days. Currently, 3.5% of the company's shares 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), Marriott International (MAR), Hilton Hotels (HLT), Wynn Resorts (WYNN), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Hyatt Hotels (H), Caesars Entertainment (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Eldorado Resorts (ERI), Extended Stay America (STAY) and Sunstone Hotel Investors (SHO).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Resorts International investors own include CA (CA), Micron Technology (MU), BlackRock (BLK), Wynn Resorts (WYNN), Intel (INTC), Alibaba Group (BABA), Bank of America (BAC), Las Vegas Sands (LVS), Chipotle Mexican Grill (CMG) and Allergan (AGN).

MGM Resorts International's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Calamos Advisors LLC (0.32%), Gateway Investment Advisers LLC (0.08%), Retirement Systems of Alabama (0.04%), Selz Capital LLC (0.03%), State of Alaska Department of Revenue (0.02%) and Strs Ohio (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 Calamos Advisors LLC, Selz Capital LLC, Virtu Financial LLC, DNB Asset Management AS, Bell Rock Capital LLC, New Mexico Educational Retirement Board, Gateway Investment Advisers LLC and CenturyLink Investment Management Co. Company insiders that have sold MGM Resorts International company stock in the last year include Alexis Herman, Daniel D'arrigo, Mary Christine Gay, Phyllis James and Rose Mckinney-James. View Insider Buying and Selling for MGM Resorts International.

MGM stock was purchased by a variety of institutional investors in the last quarter, including Hollencrest Capital Management, Mercer Global Advisors Inc. ADV, Sciencast Management LP, Jolley Asset Management LLC, Sippican Capital Advisors, Calamos Wealth Management LLC, Private Trust Co. NA and Nisa Investment Advisors LLC. Company insiders that have bought MGM Resorts International stock in the last two years include Joness Lang, Mary Christine Gay, 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 $27.52.

MGM Resorts International has a market capitalization of $14.78 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.

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]