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NYSE:MGM

MGM Resorts International - MGM Stock Forecast, Price & News

$40.91
+0.63 (+1.56%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$39.94
$41.24
50-Day Range
$32.43
$40.91
52-Week Range
$26.41
$49.00
Volume
3.84 million shs
Average Volume
3.35 million shs
Market Capitalization
$15.71 billion
P/E Ratio
14.01
Dividend Yield
0.02%
Price Target
$50.68

MGM Resorts International MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
23.9% Upside
$50.68 Price Target
Short Interest
Healthy
3.20% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
0.42mentions of MGM Resorts International in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$4.59 M Sold Last Quarter
Proj. Earnings Growth
-87.40%
From $1.27 to $0.16 Per Share

Overall MarketRank

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

2.47 out of 5 stars

Consumer Discretionary Sector

42nd out of 275 stocks

Hotels & Motels Industry

3rd out of 26 stocks


MGM stock logo

About MGM Resorts International (NYSE:MGM) Stock

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan, Beau Rivage in Biloxi, Mississippi, Gold Strike Tunica in Tunica, Mississippi, Borgata in Atlantic City, New Jersey, MGM National Harbor in Prince George's County, Maryland, and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986, and is headquartered in Las Vegas, NV.

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MGM Stock News Headlines

Lawsuit: Vegas Strip resorts used vendor to fix hotel rates
A federal lawsuit is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019
Is Macau a Sinking Ship for Wynn Resorts? (MGM)
Casino operator Wynn Resorts Limited (NASDAQ: WYNN) stock is up +17% for 2023 as sentiment improves over the potential for a China re-opening in 2023.
Today's Featured Press Release
Small Pharma just reported clinical trial results.
MGM Resorts sells land that was site of Las Vegas massacre
MGM Resorts International has sold land on the Las Vegas Strip that was the site of the deadliest mass shooting in modern U.S. history
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
MGM, Entain to Boost Investment in BetMGM
Las Vegas Strip Brings Back Two Big Name Headline Acts
Star Back on Las Vegas Strip After Horrible Accident
Las Vegas Strip Casinos Welcome Back Two Huge Stars
Las Vegas Strip Welcomes Back Two Major Headliners
See More Headlines
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MGM Company Calendar

Last Earnings
11/02/2022
Ex-Dividend for 12/15 Dividend
12/08/2022
Dividend Payable
12/15/2022
Today
1/26/2023
Next Earnings (Confirmed)
2/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$50.68
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+23.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$1.25 billion
Pretax Margin
8.62%

Debt

Sales & Book Value

Annual Sales
$9.68 billion
Cash Flow
$2.05 per share
Book Value
$23.41 per share

Miscellaneous

Free Float
375,840,000
Market Cap
$15.71 billion
Optionable
Optionable
Beta
2.02

Social Links


Key Executives

  • William Joseph Hornbuckle
    President, Chief Executive Officer & Director
  • Corey I. Sanders
    Chief Operating Officer
  • Jonathan S. Halkyard
    Chief Financial Officer & Treasurer
  • Stephen Martino
    Chief Compliance Officer & Senior Vice President
  • Todd MeinertTodd Meinert
    Senior Vice President & Chief Accounting Officer













MGM Stock - Frequently Asked Questions

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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1 year target prices for MGM Resorts International's shares. Their MGM share price forecasts range from $40.00 to $67.00. On average, they anticipate the company's share price to reach $50.68 in the next twelve months. This suggests a possible upside of 23.9% 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 2023?

MGM Resorts International's stock was trading at $33.53 at the beginning of 2023. Since then, MGM stock has increased by 22.0% and is now trading at $40.91.
View the best growth stocks for 2023 here
.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a decrease in short interest in the month of December. As of December 15th, there was short interest totaling 11,070,000 shares, a decrease of 8.1% from the November 30th total of 12,040,000 shares. Based on an average trading volume of 5,090,000 shares, the short-interest ratio is presently 2.2 days. Approximately 3.5% of the company's shares 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 can I listen to MGM Resorts International's earnings call?

MGM Resorts International will be holding an earnings conference call on Wednesday, February 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7300752".

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) posted its earnings results on Wednesday, November, 2nd. The company reported ($1.39) EPS for the quarter, missing the consensus estimate of $0.22 by $1.61. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.26 billion. MGM Resorts International had a negative trailing twelve-month return on equity of 5.12% and a net margin of 10.48%.

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. Shareholders of record on Friday, December 9th will be given a dividend of $0.0025 per share on Thursday, December 15th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.02%. 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 0.02%. 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 6.25% 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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.28%), Osborne Partners Capital Management LLC (0.07%), Calamos Advisors LLC (0.06%), Assenagon Asset Management S.A. (0.05%), Pinnacle Associates Ltd. (0.03%) and Exchange Traded Concepts LLC (0.03%). 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 $40.91.

How much money does MGM Resorts International make?

MGM Resorts International (NYSE:MGM) has a market capitalization of $15.71 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.
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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 1/27/2023 by MarketBeat.com Staff