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NYSE:MGM

MGM Resorts International - MGM Stock Forecast, Price & News

$37.32
-0.48 (-1.27%)
(As of 12/6/2022 05:33 PM ET)
Add
Compare
Today's Range
$36.76
▼
$38.25
50-Day Range
$29.72
▼
$37.80
52-Week Range
$26.41
▼
$49.00
Volume
4.08 million shs
Average Volume
5.42 million shs
Market Capitalization
$14.33 billion
P/E Ratio
12.78
Dividend Yield
0.03%
Price Target
$51.70

MGM Resorts International MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
38.5% Upside
$51.70 Price Target
Short Interest
Healthy
3.59% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
0.69mentions of MGM Resorts International in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1.45 M Sold Last Quarter
Proj. Earnings Growth
-81.40%
From $1.29 to $0.24 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Consumer Discretionary Sector

40th out of 267 stocks

Hotels & Motels Industry

3rd out of 26 stocks

See Top Rated MarketRank™ Stocks Here
MGM stock logo

About MGM Resorts International (NYSE:MGM) Stock

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

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MGM Stock News Headlines

November 28, 2022 | marketbeat.com
Wall Street opens lower as lockdown protests spread in China
Stocks are opening lower on Wall Street as protests spread in China calling for President Xi Jinping to step down amid growing anger over severe restrictions imposed as part of his “zero COVID” strategy in the world's second-largest economy
November 28, 2022 | marketbeat.com
US and global markets sink as unrest in China spreads
Wall Street is heading lower amid widespread protests in China calling for Xi Jinping to step down and an end to one-party rule
November 26, 2022 | marketbeat.com
Macao awards casino licenses to MGM, Sands, Wynn, 3 others
Macao has tentatively renewed the casino licenses of MGM Resorts, Las Vegas Sands, Wynn Resorts and three Chinese rivals after they promised to help diversify the economy by investing in non-gambling attractions
November 21, 2022 | marketbeat.com
Three Ways To Win The Online Gambling Industry  (MGM)
The online gambling industry is one of the fastest growing in the US today and expects to see explosive growth and profitability over the next 5 years.
December 5, 2022 | cnbc.com
Truist upgrades MGM Resorts, says strong 2023 Las Vegas Strip calendar can boost stock more than 30%
December 5, 2022 | seekingalpha.com
MGM Resorts stock rises as Truist takes a more bullish view
December 5, 2022 | msn.com
Stocks making the biggest moves premarket: Silvergate Capital, MGM Resorts, Bilibili, Murphy Oil & more
December 5, 2022 | msn.com
Allegiant Stadium tops international venues grossing over $182 million
December 1, 2022 | finance.yahoo.com
Two Huge Las Vegas Strip Casinos Changing Ownership
November 30, 2022 | msn.com
Amazon Restructures MGM TV’s Scripted Division, Folds Orion Television Into Studio
November 28, 2022 | msn.com
MGM, Wynn, Las Vegas Sands stocks surge Macau renews license
November 28, 2022 | seekingalpha.com
MGM Resorts said to be looking at acquiring Entain
November 28, 2022 | finance.yahoo.com
Casino stocks: Wynn, MGM, L.V. Sands rise after Macau renewed licenses
November 28, 2022 | finance.yahoo.com
Casino Stocks React to Macau Licenses, China Protests
November 28, 2022 | finance.yahoo.com
MGM, Wynn, Las Vegas Sands stocks surge as Macau renews licenses
November 25, 2022 | finance.yahoo.com
Six Macau Casino Operators Win New 10-Year Licenses
November 24, 2022 | finance.yahoo.com
MGM Resorts' (MGM) BetMGM Unveils Betting App in Maryland
November 23, 2022 | finance.yahoo.com
BetMGM Launches Mobile Sports Betting in Maryland
November 21, 2022 | markets.businessinsider.com
5 Analysts Have This to Say About MGM Resorts Intl
November 16, 2022 | finance.yahoo.com
This Casino Stock Just Had Its Best Revenue Quarter in History. Time to Buy?
November 15, 2022 | finance.yahoo.com
Distance Yourself From These 4 Toxic Stocks to Avoid Losses
November 15, 2022 | finance.yahoo.com
BETMGM SIGNS AMERICAN SOCCER STAR TIM HOWARD AS BRAND AMBASSADOR
November 10, 2022 | msn.com
MGM unveils Bellagio grandstand design for Formula One Las Vegas race
November 8, 2022 | finance.yahoo.com
Top 10 Leisure Companies in the World in 2022
November 8, 2022 | finance.yahoo.com
Las Vegas Strip Casino, Beloved Attraction Nears Final Days
See More Headlines
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MGM Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 9/15 Dividend
9/08/2022
Dividend Payable
9/15/2022
Today
12/06/2022
Ex-Dividend for 12/15 Dividend
12/08/2022
Dividend Payable
12/15/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/08/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Sector
Consumer Discretionary
Current Symbol
NYSE:MGM
CUSIP
55295310
CIK
789570
Web
www.mgmresorts.com
Phone
(702) 693-7120
Fax
702-693-8626
Employees
69,000
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$51.70
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+38.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.92
Trailing P/E Ratio
12.78
Forward P/E Ratio
28.93
P/E Growth
1.64
Net Income
$1.25 billion
Net Margins
10.48%
Pretax Margin
8.62%
Return on Equity
-5.12%
Return on Assets
-0.99%

Debt

Debt-to-Equity Ratio
1.24
Current Ratio
1.49
Quick Ratio
1.47

Sales & Book Value

Annual Sales
$9.68 billion
Price / Sales
1.48
Cash Flow
$2.03 per share
Price / Cash Flow
18.42
Book Value
$23.41 per share
Price / Book
1.59

Miscellaneous

Outstanding Shares
384,020,000
Free Float
375,840,000
Market Cap
$14.33 billion
Optionable
Optionable
Beta
2.04

Social Links


Key Executives

  • Mr. William Joseph Hornbuckle IV (Age 64)
    Pres, CEO & Director
    Comp: $5.27M
  • Mr. Jonathan S. Halkyard (Age 57)
    CFO & Treasurer
    Comp: $2.86M
  • Mr. Corey Ian Sanders (Age 58)
    Chief Operating Officer
    Comp: $3.09M
  • Mr. John M. McManus Esq. (Age 55)
    Chief Legal, Admin. Officer & Sec.
    Comp: $1.86M
  • Mr. Todd R. MeinertMr. Todd R. Meinert (Age 47)
    Sr. VP & Chief Accounting Officer
  • Ms. Catherine Park
    Exec. Director of Investor Relations
  • Andrew Chapman
    Director of Investor Relations
  • Mr. Jeff Mochal
    Sr. VP of Corp. Communications
  • Ms. Jyoti Chopra (Age 58)
    Sr. VP and Chief People, Inclusion & Sustainability Officer
  • Mr. Alan M. Feldman (Age 63)
    Exec. VP of Global Gov. & Industry Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













MGM Stock - Frequently Asked Questions

Should I buy or sell MGM Resorts International stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGM shares.
View MGM analyst ratings or view top-rated stocks.

What is MGM Resorts International's stock price forecast for 2023?

14 brokerages have issued 12 month price targets for MGM Resorts International's shares. Their MGM share price forecasts range from $39.00 to $67.00. On average, they predict the company's share price to reach $51.70 in the next twelve months. This suggests a possible upside of 39.8% from the stock's current price.
View analysts price targets for MGM or view top-rated stocks among Wall Street analysts.

How have MGM shares performed in 2022?

MGM Resorts International's stock was trading at $44.88 at the beginning of 2022. Since then, MGM stock has decreased by 17.6% and is now trading at $36.97.
View the best growth stocks for 2022 here.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 11,430,000 shares, a decrease of 33.3% from the October 31st total of 17,140,000 shares. Based on an average trading volume of 5,510,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 3.6% of the shares of the stock are sold short.
View MGM Resorts International's Short Interest.

When is MGM Resorts International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our MGM earnings forecast.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) announced its earnings results on Wednesday, November, 3rd. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.07. The business earned $2.71 billion during the quarter, compared to analyst estimates of $2.41 billion. MGM Resorts International had a net margin of 10.48% and a negative trailing twelve-month return on equity of 5.12%. During the same period in the prior year, the firm posted ($1.08) earnings per share.
Read the conference call transcript.

How often does MGM Resorts International pay dividends? What is the dividend yield for MGM Resorts International?

MGM Resorts International announced a quarterly dividend on Wednesday, November 2nd. Investors of record on Friday, December 9th will be paid a dividend of $0.0025 per share on Thursday, December 15th. This represents a $0.01 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, December 8th.
Read our dividend analysis for MGM.

Is MGM Resorts International a good dividend stock?

MGM Resorts International (NYSE:MGM) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.03%. 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 4.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGM.

What is Bill Hornbuckle's approval rating as MGM Resorts International's CEO?

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.

What other stocks do shareholders of MGM Resorts International own?

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).

What is MGM Resorts International's stock symbol?

MGM Resorts International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGM."

Who are MGM Resorts International's major shareholders?

MGM Resorts International's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.23%), BlackRock Inc. (5.91%), State Street Corp (3.27%), Fred Alger Management LLC (2.18%), Dimensional Fund Advisors LP (0.99%) and Price T Rowe Associates Inc. MD (0.95%). 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.
View institutional ownership trends.

How do I buy shares of MGM Resorts International?

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.
Compare Top Brokerages Here.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $36.97.

How much money does MGM Resorts International make?

MGM Resorts International (NYSE:MGM) has a market capitalization of $14.20 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.

How many employees does MGM Resorts International have?

The company employs 69,000 workers across the globe.

Does MGM Resorts International have any subsidiaries?
The following companies are subsidiares of MGM Resorts International: 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, Aria Resort & Casino LLC, Beau Rivage Resorts LLC, Bellagio LLC, Blue Tarp reDevelopment LLC, Borgata Hotel Casino and Spa, Boru Merger Sub I LLC, Cedar Downs OTB LLC, Circus Circus Casinos Inc., CityCenter Facilities Management LLC, CityCenter Realty Corporation, CityCenter Retail Holdings Management LLC, Destron Inc., Grand Garden Arena Management LLC, Grand Laundry Inc., LV Concrete Corp., Las Vegas Arena Management LLC, Las Vegas Basketball Ventures LLC, MAC CORP., MGM (Beijing) Hospitality Services Co. Ltd., MGM Asia Pacific Limited, MGM Branding and Development Holdings Ltd., MGM CC LLC, MGM China Holdings Ltd., MGM Dev LLC, MGM Development Services Limited, MGM Elgin Sub Inc., MGM Finance Corp., MGM Grand (International) Pte Ltd., MGM Grand Condominiums LLC, MGM Grand Condominiums II LLC, MGM Grand Condominiums III LLC, MGM Grand Detroit Inc., MGM Grand Detroit LLC, MGM Grand Hotel LLC, MGM Growth Properties LLC, MGM Growth Properties OP GP LLC, MGM Growth Properties Operating Partnership LP, MGM Hospitality Development LLC, MGM Hospitality Global LLC, MGM Hospitality Holdings LLC, MGM Hospitality India Private Ltd., MGM Hospitality International GP Ltd., MGM Hospitality International Holdings Ltd., MGM Hospitality International LP, MGM Hospitality LLC, MGM International LLC, MGM Lessee LLC, MGM MA Sub LLC, MGM National Harbor LLC, MGM Public Policy LLC, MGM Resorts Advertising Inc., MGM Resorts Arena Holdings LLC, MGM Resorts Aviation Corp., MGM Resorts Corporate Services, MGM Resorts Design & Development, MGM Resorts Development LLC, MGM Resorts Festival Grounds II LLC, MGM Resorts Festival Grounds LLC, MGM Resorts Global Development LLC, MGM Resorts Interactive LLC, MGM Resorts International Holdings Ltd., MGM Resorts International Marketing Inc., MGM Resorts International Marketing Ltd., MGM Resorts International Operations Inc., MGM Resorts Japan LLC, MGM Resorts Land Holdings LLC, MGM Resorts Manufacturing Corp., MGM Resorts Mississippi LLC, MGM Resorts Regional Operations LLC, MGM Resorts Retail, MGM Resorts Satellite LLC, MGM Resorts Sub 1 LLC, MGM Resorts Sub B LLC, MGM Resorts Venue Management LLC, MGM Resorts West Japan LLC, MGM Sports & Interactive Gaming LLC, MGM Springfield reDevelopment LLC, MGM Yonkers Inc., MGMM Insurance Company, MGP Finance Co-Issuer Inc., MGP Lessor Holdings LLC, MGP Lessor LLC, MGP OH Inc., MGP Yonkers Realty Sub LLC, MH Inc., MMNY Land Company Inc., Mandalay Bay LLC, Mandalay Employment LLC, Mandalay Place LLC, Mandalay Resort Group, Marina District Development Company LLC, Marina District Development Holding Co. LLC, Mercantile Merger Sub I LLC, Metropolitan Marketing LLC, Mirage Laundry Services Corp., Mirage Resorts LLC, NH Cigars LLC, New Castle LLC, New York-New York Hotel & Casino LLC, New York-New York Tower LLC, Northfield Park Associates LLC, PRMA LLC, PRMA Land Development Company, Park District Holdings LLC, Park Theater LLC, Project CC LLC, Ramparts LLC, San Antonio Starts, Signature Tower 2 LLC, Signature Tower 3 LLC, Signature Tower I LLC, The Mirage Casino-Hotel LLC, The Signature Condominiums LLC, Tower B LLC, Tower C LLC, Turnberry/MGM Grand Tower B LLC, Turnberry/MGM Grand Tower C LLC, Turnberry/MGM Grand Towers LLC, Vdara Condo Hotel LLC, Vendido LLC, Victoria Partners, VidiAd, Vintage Land Holdings II LLC, and Vintage Land Holdings LLC.
Read More
How can I contact MGM Resorts International?

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.

This page (NYSE:MGM) was last updated on 12/6/2022 by MarketBeat.com Staff