NYSE:MGM

MGM Resorts International - MGM Stock Forecast, Price & News

$30.18

+0.13 (+0.43%)

(As of 09/26/2022 02:27 PM ET)

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Today's Range: $30.17
▼
$31.56
50-Day Range: $29.51
▼
$36.17
52-Week Range: $26.41
▼
$51.17

Volume: 430,498 shs
Average Volume: 5.41 million shs
Market Capitalization: $11.86 billion

P/E Ratio: 4.23
Dividend Yield: 0.03%
Price Target: $52.93

MGM Resorts International MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 74.9% Upside
$52.97 Price Target
Short Interest: Bearish
5.60% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -3.39
Upright™ Environmental Score
News Sentiment: 0.74
Based on 14 Articles This Week
Insider Trading: Acquiring Shares
$20.49 M Bought Last Quarter
Proj. Earnings Growth: 1,550.00%
From $0.04 to $0.66 Per Share

Overall MarketRank^™

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

3.10 out of 5 stars

Consumer Discretionary Sector

10th out of 273 stocks

Hotels & Motels Industry

1st out of 26 stocks

4.3

Analyst's Opinion

Consensus Rating
MGM Resorts International has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $52.97, MGM Resorts International has a forecasted upside of 74.9% from its current price of $30.29.
Amount of Analyst Coverage
MGM Resorts International has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
5.60% of the float of MGM Resorts International has been sold short.
Short Interest Ratio / Days to Cover
MGM Resorts International has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MGM Resorts International has recently increased by 4.52%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
MGM Resorts International has a dividend yield of 0.03%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
MGM Resorts International does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of MGM Resorts International is 0.14%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, MGM Resorts International will have a dividend payout ratio of 1.52% next year. This indicates that MGM Resorts International will be able to sustain or increase its dividend.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
MGM Resorts International has received a -7.69% net impact score from Upright. The largest negative impact of MGM Resorts in category "GHG emissions" seems to be driven mostly by its "City hotel services", "Apartment hotels", "Spa resort services", and "Holiday resort services" products. See details.
Environmental Sustainability
The Environmental Impact score for MGM Resorts International is -3.39.

3.2

News and Social Media Coverage

News Sentiment
MGM Resorts International has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for MGM Resorts International this week, compared to 11 articles on an average week.
Search Interest
Only 31 people have searched for MGM on MarketBeat in the last 30 days. This is a decrease of -3% compared to the previous 30 days.
MarketBeat Follows
20 people have added MGM Resorts International to their MarketBeat watchlist in the last 30 days. This is an increase of 82% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MGM Resorts International insiders have bought 3,880.79% more of their company's stock than they have sold. Specifically, they have bought $20,493,524.00 in company stock and sold $514,811.00 in company stock.
Percentage Held by Insiders
Only 2.13% of the stock of MGM Resorts International is held by insiders.
Percentage Held by Institutions
67.54% of the stock of MGM Resorts International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for MGM Resorts International are expected to grow by 1,550.00% in the coming year, from $0.04 to $0.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MGM Resorts International is 4.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of MGM Resorts International is 4.24, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 9.00.
Price to Book Value per Share Ratio
MGM Resorts International has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MGM Resorts International (NYSE:MGM) Stock

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.

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MGM Stock News Headlines

September 22, 2022 | insidertrades.com

Two Fun Stocks The Insiders Are Buying

September 23, 2022 | msn.com

Lawsuit alleges MGM Resorts shortchanges guests by not dispensing change

September 26, 2022 | Investing Trends (Ad)

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September 23, 2022 | americanbankingnews.com

MGM Resorts International Target of Unusually Large Options Trading (NYSE:MGM)

September 23, 2022 | finance.yahoo.com

Las Vegas Casino Adds Event You Can't Find on the Las Vegas Strip

September 22, 2022 | finance.yahoo.com

Zacks Industry Outlook Highlights MGM Resorts International, Wynn Resorts and Boyd Gaming

September 21, 2022 | finance.yahoo.com

MGM Has Good News for the Las Vegas Strip (and Caesars)

September 21, 2022 | finance.yahoo.com

BETMGM & NBC SPORTS LAUNCH PARTNERSHIP FEATURING BETTING INTEGRATIONS DURING NFL SEASON

September 26, 2022 | Investing Trends (Ad)

Copper More Critical than Lithium?

September 21, 2022 | finance.yahoo.com

3 Gaming Stocks to Watch Despite Industry Challenges

September 20, 2022 | finance.yahoo.com

ARIA Resort & Casino Welcomes Proper Eats, an Elevated Food Hall, to Renowned Culinary Portfolio this Winter

September 19, 2022 | finance.yahoo.com

MGM RESORTS INTERNATIONAL CFO TO SPEAK AT DEUTSCHE BANK LEVERAGED FINANCE CONFERENCE

September 19, 2022 | finance.yahoo.com

My 2 Top Dividend Stocks for September

September 16, 2022 | msn.com

MGM Grand Las Vegas launches room remodeling with 'retro desert' design

September 15, 2022 | finance.yahoo.com

Baron Funds: “We Believe MGM is Valued at a Significant Discount”

September 15, 2022 | finance.yahoo.com

Las Vegas Strip Brings Back Huge Rock Legend

September 12, 2022 | finance.yahoo.com

Sports Betting Season Puts Focus on Gambling Stocks

September 12, 2022 | finance.yahoo.com

MGM Resorts' Stock in 3 Minutes

September 11, 2022 | finance.yahoo.com

The 22% return delivered to MGM Resorts International's (NYSE:MGM) shareholders actually lagged YoY earnings growth

September 8, 2022 | markets.businessinsider.com

6 Analysts Have This to Say About MGM Resorts Intl

September 7, 2022 | finance.yahoo.com

Why You Should Avoid Online Gambling Stocks Like the Plague

September 6, 2022 | finance.yahoo.com

BetMGM Debuts "IT'S ON" Advertising Campaign Featuring Star-Studded Cast

September 2, 2022 | finance.yahoo.com

MGM Resorts' (MGM) BetMGM Unveils Online Offerings in Kansas

September 1, 2022 | finance.yahoo.com

Serena Williams' success provides significant 'liability' to sportsbooks

September 1, 2022 | finance.yahoo.com

BetMGM Launches Mobile Sports Betting in Kansas

September 1, 2022 | finance.yahoo.com

BETMGM NAMED AN OFFICIAL SPORTS BETTING PARTNER OF THE KANSAS CITY CHIEFS

August 31, 2022 | msn.com

MGM Resorts poised to buy Swedish gaming firm

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MGM Company Calendar

Last Earnings: 8/03/2022
Ex-Dividend for 9/15 Dividend: 9/08/2022
Dividend Payable: 9/15/2022
Today: 9/26/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Hotels & motels
Sub-Industry: Casinos & Gaming
Sector: Consumer Discretionary
Current Symbol: NYSE:MGM
CUSIP: 55295310
CIK: 789570
Web: www.mgmresorts.com
Phone: (702) 693-7120
Fax: 702-693-8626
Employees: 69,000
Year Founded: 1986

Price Target and Rating

Average Stock Price Forecast: $52.97
High Stock Price Forecast: $72.00
Low Stock Price Forecast: $40.00
Forecasted Upside/Downside: +75.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.14
Trailing P/E Ratio: 4.23
Forward P/E Ratio: 754.50
P/E Growth: N/A
Net Income: $1.25 billion
Net Margins: 27.33%
Pretax Margin: 32.75%
Return on Equity: 1.44%
Return on Assets: 0.34%

Debt

Debt-to-Equity Ratio: 0.99
Current Ratio: 1.65
Quick Ratio: 1.63

Sales & Book Value

Annual Sales: $9.68 billion
Price / Sales: 1.23
Cash Flow: $2.02 per share
Price / Cash Flow: 14.92
Book Value: $23.41 per share
Price / Book: 1.29

Miscellaneous

Outstanding Shares: 393,102,000
Free Float: 384,729,000
Market Cap: $11.86 billion
Optionable: Optionable
Beta: 2.11

Social Links

Key Executives

Mr. William Joseph Hornbuckle IV (Age 64)
Pres, CEO & Director
Comp: $5.27M

Mr. Jonathan S. Halkyard (Age 57)
CFO & Treasurer
Comp: $2.86M

Mr. Corey Ian Sanders (Age 58)
Chief Operating Officer
Comp: $3.09M

Mr. John M. McManus Esq. (Age 55)
Exec. VP, Gen. Counsel & Sec.
Comp: $1.86M

Mr. Todd R. Meinert (Age 47)
Sr. VP & Chief Accounting Officer

Ms. Catherine Park
Exec. Director of Investor Relations

Andrew Chapman
Director of Investor Relations

Mr. Jeff Mochal
Sr. VP of Corp. Communications

Ms. Jyoti Chopra (Age 58)
Sr. VP and Chief People, Inclusion & Sustainability Officer

Mr. Alan M. Feldman (Age 63)
Exec. VP of Global Gov. & Industry Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MGM Stock - Frequently Asked Questions

Should I buy or sell MGM Resorts International stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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 2022?: 14 Wall Street research analysts have issued 1-year price objectives for MGM Resorts International's shares. Their MGM share price forecasts range from $40.00 to $72.00. On average, they predict the company's share price to reach $52.97 in the next year. This suggests a possible upside of 74.3% 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 2022?: MGM Resorts International's stock was trading at $44.88 on January 1st, 2022. Since then, MGM stock has decreased by 32.3% and is now trading at $30.39.
View the best growth stocks for 2022 here.
When is MGM Resorts International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MGM earnings forecast.
How were MGM Resorts International's earnings last quarter?: MGM Resorts International (NYSE:MGM) announced its quarterly earnings results on Wednesday, August, 3rd. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.24 by $0.21. The company earned $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. MGM Resorts International had a net margin of 27.33% and a trailing twelve-month return on equity of 1.44%.
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, August 3rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.0025 per share on Thursday, September 15th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, September 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 0.03%. The dividend payout ratio is 0.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGM will have a dividend payout ratio of 1.52% 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 a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.20%), State Street Corp (3.45%), Southeastern Asset Management Inc. TN (1.41%), Allianz Asset Management GmbH (1.01%), SRS Investment Management LLC (0.91%) and Northern Trust Corp (0.86%). 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, 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 $30.39.
How much money does MGM Resorts International make?: MGM Resorts International (NYSE:MGM) has a market capitalization of $11.95 billion and generates $9.68 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $7.14 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.
Read More
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 9/26/2022 by MarketBeat.com Staff

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MGM Resorts International - MGM Stock Forecast, Price & News

MGM Resorts International MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MGM Resorts International (NYSE:MGM) Stock

MGM Stock News Headlines

MGM Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

MGM Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™