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NYSE:MGMMGM Resorts International Stock Price, Forecast & News

$18.20
+0.40 (+2.25 %)
(As of 06/2/2020 04:00 PM ET)
Add
Compare
Today's Range
$17.40
Now: $18.20
$18.28
50-Day Range
$12.68
MA: $15.04
$18.11
52-Week Range
$5.90
Now: $18.20
$34.63
Volume26.16 million shs
Average Volume26.71 million shs
Market Capitalization$8.98 billion
P/E Ratio3.28
Dividend Yield3.49%
Beta2.2
MGM Resorts International, through its subsidiaries, owns and operates integrated 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, table games, and race and sports book wagering. As of February 27, 2019, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, 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 founded in 1986 and is based in Las Vegas, Nevada.
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MGM Resorts International logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 3.3Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.69 out of 5 stars


Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
CUSIP55295310
Phone702-693-7120

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.90 billion
Cash Flow$3.56 per share
Book Value$24.28 per share

Profitability

Net Income$2.05 billion

Miscellaneous

Employees52,000
Market Cap$8.98 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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MGM Resorts International (NYSE:MGM) Frequently Asked Questions

How has MGM Resorts International's stock been impacted by COVID-19 (Coronavirus)?

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MGM shares have increased by 0.7% and is now trading at $18.21. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MGM Resorts International?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 2 sell ratings, 11 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MGM Resorts International.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. 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 Thursday, April, 30th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.32) by $0.13. The business earned $2.25 billion during the quarter, compared to the consensus estimate of $2.26 billion. MGM Resorts International had a net margin of 23.59% and a return on equity of 0.81%. The firm's quarterly revenue was down 29.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. 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 Thursday, April 30th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.002 per share on Monday, June 15th. This represents a $0.01 annualized dividend and a yield of 0.04%. The ex-dividend date is Tuesday, June 9th. View MGM Resorts International's dividend history.

What guidance has MGM Resorts International issued on next quarter's earnings?

MGM Resorts International updated its first quarter 2020 After-Hours earnings guidance on Thursday, April, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.3-2.3 billion, compared to the consensus revenue estimate of $2.42 billion.

What price target have analysts set for MGM?

15 Wall Street analysts have issued 1 year target prices for MGM Resorts International's stock. Their forecasts range from $10.00 to $40.00. On average, they expect MGM Resorts International's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price. View analysts' price targets for MGM Resorts International.

Has MGM Resorts International been receiving favorable news coverage?

News coverage about MGM stock has trended positive on Tuesday, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGM Resorts International earned a news impact score of 2.6 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutMGM Resorts International.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 27,900,000 shares, an increase of 58.0% from the April 15th total of 17,660,000 shares. Based on an average daily trading volume, of 22,510,000 shares, the short-interest ratio is currently 1.2 days. Currently, 5.7% of the shares of the stock are sold short. View MGM Resorts International's Current Options Chain.

Who are some of MGM Resorts International's key competitors?

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), Alibaba Group (BABA), Wynn Resorts (WYNN), Intel (INTC), Delta Air Lines (DAL), NVIDIA (NVDA), AT&T (T), Micron Technology (MU) and Las Vegas Sands (LVS).

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the following people:
  • Mr. James Joseph Murren, Chairman & CEO (Age 57)
  • Mr. William Joseph Hornbuckle IV, Pres & COO (Age 61)
  • Mr. Corey Ian Sanders, CFO & Treasurer (Age 55)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 52)
  • Mr. Robert C. Selwood, Exec. VP & Chief Accounting Officer (Age 63)

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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.48%), State Street Corp (4.26%), Geode Capital Management LLC (1.64%), Eminence Capital LP (1.28%), Capital World Investors (1.10%) and Canyon Capital Advisors LLC (1.04%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel D'arrigo, Gregory M Spierkel, James Murren, Keith A Meister, Mary Christine Gay, Paul J Salem, Phyllis James, Rose Mckinney-James and William Hornbuckle. 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 Capital World Investors, Bank of New York Mellon Corp, Two Sigma Investments LP, Canyon Capital Advisors LLC, Two Sigma Advisers LP, Public Employees Retirement Association of Colorado, Nuveen Asset Management LLC, and Primecap Management Co. CA. Company insiders that have sold MGM Resorts International company stock in the last year include James Murren, Mary Christine Gay, and Rose Mckinney-James. View insider buying and selling activity for MGM Resorts International.

Which major investors are buying MGM Resorts International stock?

MGM stock was acquired by a variety of institutional investors in the last quarter, including Eminence Capital LP, Janus Henderson Group PLC, Key Square Capital Management LLC, Connor Clark & Lunn Investment Management Ltd., Calamos Advisors LLC, Sumitomo Mitsui Trust Holdings Inc., Deutsche Bank AG, and Squarepoint Ops LLC. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Corey Ian Sanders, Gregory M Spierkel, Keith A Meister, Mary Christine Gay, Paul J Salem, and William Hornbuckle. View insider buying and selling activity for MGM Resorts International.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $18.21.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $8.98 billion and generates $12.90 billion in revenue each year. The company earns $2.05 billion in net income (profit) each year or $0.77 on an earnings per share basis. MGM Resorts International employs 52,000 workers across the globe.

What is MGM Resorts International's official website?

The official website for MGM Resorts International is www.mgmresorts.com.

How can I contact MGM Resorts International?

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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff

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