NYSE:MGM - MGM Resorts International Stock Price, Price Target & More

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

MGM Resorts International declared a quarterly dividend on Wednesday, April 25th. Investors of record on Friday, June 8th will be paid a dividend of $0.12 per share on Friday, June 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, June 7th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its board has authorized a share buyback plan on Thursday, May 10th 2018, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 10.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) issued its quarterly earnings data on Thursday, April, 26th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.31 by $0.02. The business earned $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. MGM Resorts International had a return on equity of 5.45% and a net margin of 17.88%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for MGM Resorts International.

14 analysts have issued 1-year target prices for MGM Resorts International's shares. Their predictions range from $33.00 to $44.00. On average, they anticipate MGM Resorts International's stock price to reach $38.1429 in the next year. This suggests a possible upside of 22.3% from the stock's current price. View Analyst Ratings for MGM Resorts International.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

MGM Resorts International saw a decline in short interest in June. As of June 29th, there was short interest totalling 18,667,682 shares, a decline of 24.1% from the June 15th total of 24,607,749 shares. Based on an average daily trading volume, of 10,375,171 shares, the days-to-cover ratio is currently 1.8 days. Currently, 3.7% of the shares of the stock are sold short. 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 Co. Common Stock (HLT), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), Wyndham Worldwide (WYN), Hyatt Hotels (H), Caesars Entertainment Co. Common Stock (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Boyd Gaming (BYD) and Extended Stay America (STAY).

Headlines about MGM stock have trended somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MGM Resorts International earned a news sentiment score of 0.12 on Accern's scale. They also gave news stories about the company an impact score of 47.08 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Calamos Advisors LLC (0.27%), Selz Capital LLC (0.11%), Gateway Investment Advisers LLC (0.08%), Retirement Systems of Alabama (0.04%), Pendal Group Ltd (0.04%) and Jabodon PT Co. (0.04%). Company insiders that own MGM Resorts International stock include Alexis Herman, Corey Ian Sanders, Corp Tracinda, 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 Bank of Montreal Can, Hartford Investment Management Co., Retirement Systems of Alabama, Calamos Wealth Management LLC, CenturyLink Investment Management Co, Oakbrook Investments LLC and Gateway Investment Advisers LLC. Company insiders that have sold MGM Resorts International company stock in the last year include Alexis Herman, Corey Ian Sanders, Daniel D'arrigo, Daniel J Taylor, James Murren, John Mcmanus, Mary Christine Gay, Phyllis James, Robert Baldwin, Robert Selwood, Rose Mckinney-James, William A Bible and William Hornbuckle. View Insider Buying and Selling for MGM Resorts International.

MGM stock was bought by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Selz Capital LLC, Jabodon PT Co., Pendal Group Ltd, State of Alaska Department of Revenue, Fjarde AP Fonden Fourth Swedish National Pension Fund, Ironsides Asset Advisors LLC and Mitsubishi UFJ Asset Management UK Ltd.. Company insiders that have bought MGM Resorts International stock in the last two years include Joness Lang, 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 $31.20.

MGM Resorts International has a market capitalization of $17.27 billion and generates $10.77 billion in revenue each year. The company earns $1.96 billion in net income (profit) each year or $1.02 on an earnings per share basis. MGM Resorts International employs 68,000 workers across the globe.

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]