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 announced a quarterly dividend on Thursday, February 14th. Shareholders 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 yield of 1.99%. The ex-dividend date 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 of Directors has approved a share repurchase program on Thursday, May 10th 2018, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 10.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

MGM Resorts International (NYSE:MGM) announced its earnings results on Wednesday, February, 13th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.13 by $0.01. The firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for MGM Resorts International.

13 brokers have issued 1 year price targets for MGM Resorts International's shares. Their forecasts range from $30.00 to $39.00. On average, they anticipate MGM Resorts International's stock price to reach $33.7778 in the next year. This suggests a possible upside of 29.5% 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.

News articles about MGM stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. MGM Resorts International earned a news sentiment score of -1.1 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.

MGM Resorts International saw a drop in short interest in February. As of February 28th, there was short interest totalling 12,054,377 shares, a drop of 30.7% from the February 15th total of 17,392,098 shares. Based on an average daily trading volume, of 8,572,381 shares, the days-to-cover ratio is presently 1.4 days. Approximately 2.5% of the shares of the company 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), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Melco Resorts & Entertainment (MLCO), Hyatt Hotels (H), Park Hotels & Resorts (PK), Caesars Entertainment (CZR), 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 Wynn Resorts (WYNN), Bank of America (BAC), Micron Technology (MU), Intel (INTC), Las Vegas Sands (LVS), Alibaba Group (BABA), CA (CA), JPMorgan Chase & Co. (JPM), Ford Motor (F) and Twitter (TWTR).

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.74%), Harris Associates L P (3.64%), Bank of New York Mellon Corp (1.33%), Geode Capital Management LLC (1.21%), Bank of America Corp DE (1.11%) and Dimensional Fund Advisors LP (0.99%). 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 Harris Associates L P, Gates Capital Management Inc., BlackRock Inc., Caxton Associates LP, KBC Group NV, Bank of New York Mellon Corp, Land & Buildings Investment Management LLC and Meghalaya Partners L.P.. 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 bought by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Bank of America Corp DE, Norges Bank, Two Sigma Advisers LP, Canada Pension Plan Investment Board, Bank of Nova Scotia, Oregon Public Employees Retirement Fund and Epoch Investment Partners Inc.. 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 $26.09.

MGM Resorts International has a market capitalization of $14.01 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]