NYSE:MGM - MGM Resorts International Stock Price, Price Target & More

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

MGM Resorts International announced a quarterly dividend on Wednesday, April 25th. Investors of record on Friday, June 8th will be paid a dividend of $0.12 per share on Friday, June 15th. This represents a $0.48 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, June 7th. View MGM Resorts International's Dividend History.

MGM Resorts International announced that its board 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 shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) posted its quarterly earnings results on Thursday, April, 26th. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.02. The business earned $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. MGM Resorts International had a net margin of 17.88% and a return on equity of 5.45%. MGM Resorts International's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for MGM Resorts International.

14 brokers have issued 1 year price objectives for MGM Resorts International's stock. Their predictions range from $33.00 to $44.00. On average, they anticipate MGM Resorts International's stock price to reach $38.1429 in the next year. This suggests a possible upside of 22.3% from the stock's current price. View Analyst Ratings for MGM Resorts International.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

MGM Resorts International saw a decrease in short interest in June. As of June 29th, there was short interest totalling 18,667,682 shares, a decrease of 24.1% from the June 15th total of 24,607,749 shares. Based on an average trading volume of 10,375,171 shares, the short-interest ratio is presently 1.8 days. Currently, 3.7% of the company's stock 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), Marriott International (MAR), Hilton Hotels Co. Common Stock (HLT), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), Wyndham Worldwide (WYN), Hyatt Hotels (H), Caesars Entertainment Co. Common Stock (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Boyd Gaming (BYD) and Extended Stay America (STAY).

News stories about MGM stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MGM Resorts International earned a media sentiment score of 0.06 on Accern's scale. They also assigned news stories about the company an impact score of 45.86 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.

MGM Resorts International's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Calamos Advisors LLC (0.27%), Selz Capital LLC (0.11%), Gateway Investment Advisers LLC (0.08%), Retirement Systems of Alabama (0.04%), Pendal Group Ltd (0.04%) and Jabodon PT Co. (0.04%). Company insiders that own MGM Resorts International stock include Alexis Herman, Corey Ian Sanders, Corp Tracinda, Daniel D'arrigo, Daniel J Taylor, James Murren, John Mcmanus, Joness Lang, Mary Christine Gay, Phyllis James, Robert Baldwin, Robert Selwood, Rose Mckinney-James, Sean Charland, William A Bible, William Hornbuckle and William Warwick Grounds. View Institutional Ownership Trends for MGM Resorts International.

MGM stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Hartford Investment Management Co., Retirement Systems of Alabama, Calamos Wealth Management LLC, CenturyLink Investment Management Co, Oakbrook Investments LLC and Gateway Investment Advisers LLC. Company insiders that have sold MGM Resorts International company stock in the last year include Alexis Herman, Corey Ian Sanders, Daniel D'arrigo, Daniel J Taylor, James Murren, John Mcmanus, Mary Christine Gay, Phyllis James, Robert Baldwin, Robert Selwood, Rose Mckinney-James, William A Bible and William Hornbuckle. View Insider Buying and Selling for MGM Resorts International.

MGM stock was acquired by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Selz Capital LLC, Jabodon PT Co., Pendal Group Ltd, State of Alaska Department of Revenue, Fjarde AP Fonden Fourth Swedish National Pension Fund, Ironsides Asset Advisors LLC and Mitsubishi UFJ Asset Management UK Ltd.. Company insiders that have bought MGM Resorts International stock in the last two years include Joness Lang, Sean Charland and William Warwick Grounds. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of MGM stock can currently be purchased for approximately $31.20.

MGM Resorts International has a market capitalization of $17.16 billion and generates $10.77 billion in revenue each year. The company earns $1.96 billion in net income (profit) each year or $1.02 on an earnings per share basis. MGM Resorts International employs 68,000 workers across the globe.

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]