NYSE:MGM - MGM Resorts International Stock Price, Forecast & News

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 decreased by 34.9% and is now trading at $11.77. View which stocks have been mosted impacted by Coronavirus.

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.

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.

MGM Resorts International (NYSE:MGM) released its quarterly earnings data on Wednesday, February, 12th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.24 by $0.16. The firm 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 company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. View MGM Resorts International's earnings history.

MGM Resorts International announced a quarterly dividend on Wednesday, February 12th. Investors of record on Tuesday, March 10th will be given a dividend of $0.15 per share on Monday, March 16th. This represents a $0.60 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Monday, March 9th. This is a boost from MGM Resorts International's previous quarterly dividend of $0.13. View MGM Resorts International's dividend history.

MGM Resorts International announced that its Board of Directors has authorized a share buyback program 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 programs are usually a sign that the company's board of directors believes its stock is undervalued.

12 analysts have issued 12 month price targets for MGM Resorts International's stock. Their forecasts range from $10.00 to $40.00. On average, they anticipate MGM Resorts International's stock price to reach $28.90 in the next year. This suggests a possible upside of 145.5% from the stock's current price. View analysts' price targets for MGM Resorts International.

News stories about MGM stock have trended very negative on Thursday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MGM Resorts International earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutMGM Resorts International.

MGM Resorts International saw a increase in short interest during the month of 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 trading volume, of 7,960,000 shares, the days-to-cover ratio is currently 10.3 days. Approximately 16.8% of the company's shares 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), 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).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Resorts International investors own include Alibaba Group (BABA), CA (CA), Wynn Resorts (WYNN), Intel (INTC), Micron Technology (MU), Bank of America (BAC), Las Vegas Sands (LVS), Walt Disney (DIS), AT&T (T) and Netflix (NFLX).

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

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.

One share of MGM stock can currently be purchased for approximately $11.77.

MGM Resorts International has a market capitalization of $5.80 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.

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

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]