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NYSE:MGM

MGM Resorts International Stock Forecast, Price & News

$21.09
-0.93 (-4.22 %)
(As of 09/21/2020 12:00 AM ET)
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Compare
Today's Range
$20.57
Now: $21.09
$21.48
50-Day Range
$16.09
MA: $21.66
$23.86
52-Week Range
$5.90
Now: $21.09
$34.63
Volume15.10 million shs
Average Volume22.30 million shs
Market Capitalization$10.40 billion
P/E Ratio5.55
Dividend Yield0.05%
Beta2.39
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: 1.9Community Rank: 3.3Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.91 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.90 billion
Cash Flow$3.07 per share
Book Value$24.28 per share

Profitability

Net Income$2.05 billion

Miscellaneous

Employees52,000
Market Cap$10.40 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$21.09
-0.93 (-4.22 %)
(As of 09/21/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGM Resorts International (NYSE:MGM) Frequently Asked Questions

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

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MGM shares have increased by 16.6% and is now trading at $21.09.
View which stocks have been most impacted by COVID-19
.

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

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 3 sell ratings, 12 hold ratings and 1 buy rating 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 Wednesday, November 4th 2020.
View our earnings forecast for MGM Resorts International
.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) issued its quarterly earnings data on Thursday, July, 30th. The company reported ($1.52) EPS for the quarter, beating analysts' consensus estimates of ($1.65) by $0.13. The firm had revenue of $289.81 million for the quarter, compared to analysts' expectations of $442.57 million. MGM Resorts International had a net margin of 21.28% and a negative return on equity of 6.64%.
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, July 30th. Investors of record on Thursday, September 10th will be given a dividend of $0.0025 per share on Tuesday, September 15th. This represents a $0.01 annualized dividend and a dividend yield of 0.05%. The ex-dividend date of this dividend is Wednesday, September 9th. This is a positive change from MGM Resorts International's previous quarterly dividend of $0.00.
View MGM Resorts International's dividend history
.

What price target have analysts set for MGM?

16 equities research analysts have issued twelve-month price objectives for MGM Resorts International's shares. Their forecasts range from $10.00 to $40.00. On average, they anticipate MGM Resorts International's stock price to reach $19.50 in the next year. This suggests that the stock has a possible downside of 7.5%.
View analysts' price targets for MGM Resorts International
.

Has MGM Resorts International been receiving favorable news coverage?

Headlines about MGM stock have been trending extremely negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. MGM Resorts International earned a daily sentiment score of -5.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about MGM Resorts International
.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 45,940,000 shares, an increase of 16.2% from the July 15th total of 39,540,000 shares. Based on an average daily volume of 28,070,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 9.4% of the shares of the company are sold short.
View MGM Resorts International's Short Interest
.

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), Delta Air Lines (DAL), Alibaba Group (BABA), NVIDIA (NVDA), Tesla (TSLA), Intel (INTC), Boeing (BA), Las Vegas Sands (LVS) and AT&T (T).

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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.62%), Blue Harbour Group L.P. (0.86%), Bank of New York Mellon Corp (0.65%), FMR LLC (0.56%), Nuveen Asset Management LLC (0.54%) and Charles Schwab Investment Management Inc. (0.47%). Company insiders that own MGM Resorts International stock include Atif Rafiq, Corey Ian Sanders, Daniel J Taylor, Gregory M Spierkel, James Murren, John Mcmanus, 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 Vanguard Group Inc., Bank of Montreal Can, Blue Harbour Group L.P., Calamos Advisors LLC, Two Sigma Advisers LP, Gamco Investors INC. ET AL, Sumitomo Mitsui Trust Holdings Inc., and Stifel Financial Corp. Company insiders that have sold MGM Resorts International company stock in the last year include Daniel J Taylor, James Murren, and John Mcmanus.
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 First Trust Advisors LP, Psagot Investment House Ltd., New England Investment & Retirement Group Inc., Janney Montgomery Scott LLC, AQR Capital Management LLC, State of Tennessee Treasury Department, Pendal Group Ltd, and MERIAN GLOBAL INVESTORS UK Ltd. 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 $21.09.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $10.40 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 9/21/2020 by MarketBeat.com Staff

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