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, 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 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Monday, September 9th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its Board of Directors has initiated a stock 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 purchase up to 10.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

MGM Resorts International (NYSE:MGM) released its quarterly earnings results on Thursday, July, 25th. The company reported $0.23 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.25 by $0.02. The firm earned $3.22 billion during the quarter, compared to analyst estimates 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 for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 EPS. View MGM Resorts International's Earnings History.

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

9 analysts have issued twelve-month target prices for MGM Resorts International's stock. Their predictions range from $23.00 to $37.00. On average, they anticipate MGM Resorts International's share price to reach $31.00 in the next twelve months. This suggests a possible upside of 9.5% from the stock's current price. View Analyst Price Targets 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.

Press coverage about MGM stock has trended negative this week, according to InfoTrie. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. MGM Resorts International earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for MGM Resorts International.

MGM Resorts International saw a drop in short interest in 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 presently 3.0 days. Approximately 3.6% 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 Marriott International (MAR), Las Vegas Sands (LVS), Hilton Hotels (HLT), InterContinental Hotels Group (IHG), Wynn Resorts (WYNN), Huazhu Group (HTHT), Melco Resorts & Entertainment (MLCO), Caesars Entertainment (CZR), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Park Hotels & Resorts (PK), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO) and Extended Stay America (STAY).

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).

MGM Resorts International's stock is owned by a number of of institutional and retail 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.

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.

MGM stock was bought 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 Amundi Pioneer Asset Management Inc.. 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.

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 $28.31.

MGM Resorts International has a market capitalization of $14.76 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.

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]