NYSE:MGMMGM Resorts International Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MGM Resorts International Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $12.91 +2.33 (+22.02 %) (As of 04/7/2020 02:36 AM ET) Add Compare Share Today's Range$11.62Now: $12.91▼$13.0750-Day Range$7.14MA: $18.68▼$32.3452-Week Range$5.90Now: $12.91▼$34.63Volume32.70 million shsAverage Volume17.96 million shsMarket Capitalization$6.36 billionP/E Ratio3.26Dividend Yield5.67%Beta2.02 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.1 Analyst's Opinion Consensus RatingMGM Resorts International has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 4 buy ratings, 7 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $28.90, MGM Resorts International has a potential upside of 123.9% from its current price of $12.91.Amount of Analyst CoverageMGM Resorts International has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.3 Community Rank Outperform VotesMGM Resorts International has received 1,191 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMGM Resorts International has received 616 “underperform” votes. (Add your “underperform” vote.)Community SentimentMGM Resorts International has received 65.91% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about MGM Resorts International and other stocks. Vote “Outperform” if you believe MGM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MGM will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 2.5 Dividend Strength Dividend LeadershipMGM Resorts International is a leading dividend payer. It pays a dividend yield of 5.67%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMGM Resorts International has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of MGM Resorts International is 77.92 %. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, MGM Resorts International will have a dividend payout ratio of 48.00 % next year. This indicates that MGM Resorts International will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGM Resorts International insiders have sold 33.58% more of their company's stock than they have bought. Specifically, they have bought $7,296,571.00 in company stock and sold $9,746,594.00 in company stock.Percentage Held by InsidersOnly 3.47% of the stock of MGM Resorts International is held by insiders.Percentage Held by Institutions86.26% 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. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for MGM Resorts International are expected to grow by 165.96% in the coming year, from $0.47 to $1.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGM Resorts International is 3.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.84.Price to Earnings Ratio vs. SectorThe P/E ratio of MGM Resorts International is 3.26, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.04.Price to Earnings Growth RatioMGM Resorts International has a PEG Ratio of 5.64. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGM Resorts International has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.1Community Rank: 3.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.94 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Hotels & motels Sub-IndustryCasinos & Gaming SectorConsumer Discretionary Current SymbolNYSE:MGM Previous Symbol CUSIP55295310 CIK789570 Webhttp://www.mgmresorts.com/ Phone702-693-7120Debt Debt-to-Equity Ratio1.22 Current Ratio1.26 Quick Ratio1.22Price-To-Earnings Trailing P/E Ratio3.26 Forward P/E Ratio27.47 P/E Growth5.64 Sales & Book Value Annual Sales$12.90 billion Price / Sales0.49 Cash Flow$4.10 per share Price / Cash Flow3.15 Book Value$24.28 per share Price / Book0.53Profitability EPS (Most Recent Fiscal Year)$0.77 Net Income$2.05 billion Net Margins15.89% Return on Equity3.50% Return on Assets1.25%Miscellaneous Employees52,000 Outstanding Shares492,691,000Market Cap$6.36 billion Next Earnings Date5/4/2020 (Estimated) OptionableOptionable Receive MGM News and Ratings via Email Sign-up to receive the latest news and ratings for MGM and its competitors with MarketBeat's FREE daily newsletter. MGM Rates by TradingView 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 stock has decreased by 28.6% and is now trading at $12.91. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of MGM Resorts International? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 1 sell rating, 7 hold ratings and 4 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 Monday, May 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 Wednesday, February, 12th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by $0.16. The business earned $3.19 billion during the quarter, compared to analysts' expectations of $3.21 billion. MGM Resorts International had a net margin of 15.89% and a return on equity of 3.50%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.06) EPS. 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 announced a quarterly dividend on Wednesday, February 12th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.15 per share on Monday, March 16th. This represents a $0.60 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Monday, March 9th. This is an increase from MGM Resorts International's previous quarterly dividend of $0.13. View MGM Resorts International's dividend history. How will MGM Resorts International's stock buyback program work? MGM Resorts International declared that its board has initiated a share buyback plan on Thursday, May 10th 2018, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 10.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued. What price target have analysts set for MGM? 12 brokerages have issued twelve-month target prices for MGM Resorts International's shares. Their forecasts range from $10.00 to $40.00. On average, they anticipate MGM Resorts International's share price to reach $28.90 in the next year. This suggests a possible upside of 123.9% from the stock's current price. View analysts' price targets for MGM Resorts International. Has MGM Resorts International been receiving favorable news coverage? Media headlines about MGM stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. MGM Resorts International earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutMGM Resorts International. Are investors shorting MGM Resorts International? MGM Resorts International saw a increase in short interest in March. As of March 13th, there was short interest totaling 82,318,700 shares, an increase of 239.0% from the February 27th total of 24,280,000 shares. Based on an average daily volume of 7,960,000 shares, the days-to-cover ratio is presently 10.3 days. Approximately 16.8% of the company's shares are sold short. View MGM Resorts International's Current Options Chain. Who are some of MGM Resorts International's key competitors? Some companies that are related to MGM Resorts International include Las Vegas Sands (LVS), Wynn Resorts (WYNN), Caesars Entertainment (CZR), Churchill Downs (CHDN), Advanced Drainage Systems (WMS), Boyd Gaming (BYD), Penn National Gaming (PENN), International Game Technology (IGT), Scientific Games (SGMS) and Monarch Casino & Resort (MCRI). 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 Alibaba Group (BABA), Wynn Resorts (WYNN), CA (CA), Walt Disney (DIS), Bank of America (BAC), Intel (INTC), Micron Technology (MU), Las Vegas Sands (LVS), AT&T (T) and Netflix (NFLX). 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 investors include State of Alaska Department of Revenue (0.06%) and Triangle Securities Wealth Management (0.01%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel D'arrigo, 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 buying MGM Resorts International stock? MGM stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Triangle Securities Wealth Management. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Corey Ian Sanders, 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 $12.91. How big of a company is MGM Resorts International? MGM Resorts International has a market capitalization of $6.36 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. View additional information about MGM Resorts International. What is MGM Resorts International's official website? The official website for MGM Resorts International is http://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 4/7/2020 by MarketBeat.com StaffFeatured Article: Why is the ROA ratio important?
