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NYSE:MGM

MGM Resorts International Stock Forecast, Price & News

$30.24
+3.07 (+11.30%)
(As of 06/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.44
$30.25
50-Day Range
$27.17
$43.35
52-Week Range
$26.41
$51.17
Volume
10.06 million shs
Average Volume
5.71 million shs
Market Capitalization
$12.88 billion
P/E Ratio
9.82
Dividend Yield
0.04%
Price Target
$52.93
30 days | 90 days | 365 days | Advanced Chart

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MGM Stock Forecast (MarketRank)

Overall MarketRank

3.48 out of 5 stars

Consumer Discretionary Sector

6th out of 400 stocks

Hotels & Motels Industry

1st out of 35 stocks

Analyst Opinion: 4.3Community Rank: 5.0Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 3.1 5 -4 -3 -2 -1 -
MGM Resorts International logo

About MGM Resorts International (NYSE:MGM)

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.

MGM Stock News Headlines

DocuSign, Stitch Fix fall; Newmont, Kellogg rise
Stocks that traded heavily or had substantial price changes Friday: DocuSign, Stitch Fix fall; Newmont, Kellogg rise
Union: 4 Atlantic City casinos not cleaning rooms daily
A union representing housekeeping workers at Atlantic City’s casinos says four of the resorts are not complying with a COVID-related requirement that hotel rooms be cleaned daily
Workers picket outside Atlantic City casino, seeking raises
Hundreds of Atlantic City casino workers have picketed outside the Tropicana casino
What's Happening With MGM Resorts Stock?
ADRs End Mixed; Carnival Trades Actively
See More Headlines

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
CUSIP
55295310
Employees
69,000
Year Founded
1986

Company Calendar

Last Earnings
5/02/2022
Ex-Dividend for 6/15 Dividend
6/09/2022
Dividend Payable
6/15/2022
Today
6/24/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$52.93
High Stock Price Forecast
$76.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+75.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53333333333333
Research Coverage
15 Analysts

Profitability

Net Income
$1.25 billion
Pretax Margin
16.73%

Debt

Sales & Book Value

Annual Sales
$9.68 billion
Cash Flow
$2.23 per share
Book Value
$23.41 per share

Miscellaneous

Free Float
416,977,000
Market Cap
$12.88 billion
Optionable
Optionable
Beta
2.19

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MGM Resorts International Frequently Asked Questions

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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MGM Resorts International stock.
View analyst ratings for MGM Resorts International
or view top-rated stocks.

What is MGM Resorts International's stock price forecast for 2022?

15 analysts have issued 1 year target prices for MGM Resorts International's stock. Their MGM stock forecasts range from $40.00 to $76.00. On average, they predict MGM Resorts International's stock price to reach $52.93 in the next twelve months. This suggests a possible upside of 75.0% from the stock's current price.
View analysts' price targets for MGM Resorts International
or view top-rated stocks among Wall Street analysts.

How has MGM Resorts International's stock 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 32.6% and is now trading at $30.24.
View the best growth stocks for 2022 here
.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for MGM Resorts International
.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) posted its quarterly earnings data on Monday, May, 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.10. The firm had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.75 billion. MGM Resorts International had a net margin of 14.40% and a trailing twelve-month return on equity of 0.81%. During the same quarter in the prior year, the company posted ($0.68) EPS.
View MGM Resorts International's earnings history
.

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

MGM Resorts International declared a quarterly dividend on Monday, May 2nd. Shareholders of record on Friday, June 10th will be given a dividend of $0.0025 per share on Wednesday, June 15th. This represents a $0.01 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, June 9th.
View MGM Resorts International's dividend history
.

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 0.04%. The dividend payout ratio of MGM Resorts International is 0.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGM Resorts International will have a dividend payout ratio of 0.63% next year. This indicates that MGM Resorts International will be able to sustain or increase its dividend.
View MGM Resorts International's dividend history.

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the following people:
  • Mr. William Joseph Hornbuckle IV, Pres, CEO & Director (Age 64, Pay $5.27M)
  • Mr. Jonathan S. Halkyard, CFO & Treasurer (Age 57, Pay $2.86M)
  • Mr. Corey Ian Sanders, Chief Operating Officer (Age 58, Pay $3.09M) (LinkedIn Profile)
  • Mr. Tilak Mandadi, Chief Strategy, Innovation & Technology Officer (Age 58, Pay $2.47M)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 55, Pay $1.86M)
  • Mr. Todd R. Meinert, Sr. VP & Chief Accounting Officer (Age 47) (LinkedIn Profile)
  • Ms. Catherine Park, Exec. Director of Investor Relations
  • Andrew Chapman, Director of Investor Relations
  • Mr. Jeff Mochal, Sr. VP of Corp. Communications
  • Mr. Alan M. Feldman, Exec. VP of Global Gov. & Industry Affairs (Age 63)

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

83 employees have rated MGM Resorts International CEO Bill Hornbuckle on Glassdoor.com. Bill Hornbuckle has an approval rating of 65% among MGM Resorts International'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. (9.81%), State Street Corp (3.51%), Canada Pension Plan Investment Board (2.04%), Southeastern Asset Management Inc. TN (1.34%), SRS Investment Management LLC (1.34%) and Allianz Asset Management GmbH (1.00%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel J Taylor, Gregory M Spierkel, James Murren, Janet Swartz, John Mcmanus, Keith A Meister, Mary Chris Jammet, Mary Christine Gay, Paul J Salem, Rose Mckinney-James, Todd Meinert, William Hornbuckle and William Warwick Grounds.
View institutional ownership trends for MGM Resorts International
.

Which major investors are selling MGM Resorts International stock?

MGM stock was sold by a variety of institutional investors in the last quarter, including SRS Investment Management LLC, State Street Corp, Goldman Sachs Group Inc., UBS Group AG, Maverick Capital Ltd., Bank of Nova Scotia, Vanguard Group Inc., and Worldquant Millennium Advisors LLC. Company insiders that have sold MGM Resorts International company stock in the last two years include Alexis Herman, Corey Ian Sanders, Daniel J Taylor, John Mcmanus, Keith A Meister, Mary Chris Jammet, Todd Meinert, William Hornbuckle, and William Warwick Grounds.
View insider buying and selling activity for MGM Resorts International
or view top insider-selling stocks.

Which major investors are buying MGM Resorts International stock?

MGM stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Massachusetts Financial Services Co. MA, Qube Research & Technologies Ltd, Eagle Asset Management Inc., New York State Common Retirement Fund, Bank of Montreal Can, First Trust Advisors LP, and Arrowstreet Capital Limited Partnership. Company insiders that have bought MGM Resorts International stock in the last two years include Janet Swartz, and Paul J Salem.
View insider buying and selling activity for MGM Resorts International
or or view top insider-buying stocks.

How do I buy shares of 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 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 $30.24.

How much money does MGM Resorts International make?

MGM Resorts International (NYSE:MGM) has a market capitalization of $12.88 billion and generates $9.68 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $3.08 on an earnings per share basis.

How many employees does MGM Resorts International have?

MGM Resorts International 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

When was MGM Resorts International founded?

MGM Resorts International was founded in 1986.

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 MGM Resorts International is www.mgmresorts.com. The company can be reached via phone at (702) 693-7120, via email at [email protected], or via fax at 702-693-8626.

This page (NYSE:MGM) was last updated on 6/24/2022 by MarketBeat.com Staff

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