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

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$25.11 -0.56 (-2.18 %)
(As of 11/21/2018 08:43 AM ET)
Previous Close$25.67
Today's Range$24.5950 - $25.26
52-Week Range$23.81 - $38.41
Volume7.14 million shs
Average Volume8.61 million shs
Market Capitalization$13.53 billion
P/E Ratio24.62
Dividend Yield1.87%
Beta1.39
MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China. The company operates through two segments, Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 14 resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves 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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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Hotels & motels
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
Current SymbolNYSE:MGM
Previous Symbol
CUSIP55295310
Phone702-693-7120

Debt

Debt-to-Equity Ratio1.36
Current Ratio0.74
Quick Ratio0.71

Price-To-Earnings

Trailing P/E Ratio24.62
Forward P/E Ratio23.25
P/E Growth3.27

Sales & Book Value

Annual Sales$10.77 billion
Price / Sales1.23
Cash Flow$2.8309 per share
Price / Cash8.87
Book Value$20.38 per share
Price / Book1.23

Profitability

EPS (Most Recent Fiscal Year)$1.02
Net Income$1.96 billion
Net Margins16.75%
Return on Equity4.51%
Return on Assets1.71%

Miscellaneous

Employees68,000
Outstanding Shares527,200,000
Market Cap$13.53 billion
OptionableOptionable

MGM Resorts International (NYSE:MGM) Frequently Asked Questions

What is MGM Resorts International's stock symbol?

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

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, November 1st. Stockholders of record on Monday, December 10th will be paid a dividend of $0.12 per share on Friday, December 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, December 7th. View MGM Resorts International's Dividend History.

How will MGM Resorts International's stock buyback program work?

MGM Resorts International announced that its Board of Directors has authorized a share buyback program on Thursday, May 10th 2018, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 10.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) posted its quarterly earnings results on Tuesday, October, 30th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.18 by $0.06. The company earned $3.03 billion during the quarter, compared to the consensus estimate of $2.99 billion. MGM Resorts International had a net margin of 16.75% and a return on equity of 4.51%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. View MGM Resorts International's Earnings History.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th 2019. View Earnings Estimates for MGM Resorts International.

What price target have analysts set for MGM?

13 equities research analysts have issued 12 month price targets for MGM Resorts International's stock. Their forecasts range from $30.00 to $44.00. On average, they expect MGM Resorts International's stock price to reach $35.90 in the next twelve months. This suggests a possible upside of 43.0% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

What is the consensus analysts' recommendation for MGM Resorts International?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Resorts International.

Has MGM Resorts International been receiving favorable news coverage?

News coverage about MGM stock has been trending somewhat negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. 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 news sentiment score of -1.9 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a increase in short interest during the month of October. As of October 15th, there was short interest totalling 22,103,759 shares, an increase of 17.5% from the September 28th total of 18,819,463 shares. Based on an average daily trading volume, of 9,364,865 shares, the short-interest ratio is presently 2.4 days. Approximately 4.5% 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?

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the folowing people:
  • Mr. James Joseph Murren, Chairman & CEO (Age 56)
  • Mr. William Joseph Hornbuckle IV, Pres (Age 60)
  • Mr. Daniel J. D'Arrigo, Exec. VP & CFO (Age 49)
  • Mr. Corey Ian Sanders, Chief Operating Officer (Age 54)
  • Mr. Robert C. Selwood, Exec. VP & Chief Accounting Officer (Age 62)

Who are MGM Resorts International's major shareholders?

MGM Resorts International's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.06%), Capital World Investors (4.54%), Canyon Capital Advisors LLC (4.01%), Capital International Investors (2.56%), Bank of New York Mellon Corp (1.43%) and Dimensional Fund Advisors LP (1.01%). Company insiders that own MGM Resorts International stock include Alexis Herman, Corey Ian Sanders, 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.

Which institutional investors are selling MGM Resorts International stock?

MGM stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Morgan Stanley, Victory Capital Management Inc., BlackRock Inc., American Century Companies Inc., FMR LLC, Mitsubishi UFJ Trust & Banking Corp and Allianz Asset Management GmbH. 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, Mary Christine Gay, Phyllis James, Rose Mckinney-James, William A Bible and William Hornbuckle. View Insider Buying and Selling for MGM Resorts International.

Which institutional investors are buying MGM Resorts International stock?

MGM stock was bought by a variety of institutional investors in the last quarter, including Capital International Investors, Canyon Capital Advisors LLC, Epoch Investment Partners Inc., Public Employees Retirement Association of Colorado, Land & Buildings Investment Management LLC, TD Asset Management Inc., Putnam Investments LLC and Beach Point Capital Management LP. 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.

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, Scottrade, Fidelity and Charles Schwab.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $25.11.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $13.53 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.

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]


MarketBeat Community Rating for MGM Resorts International (NYSE MGM)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  959 (Vote Outperform)
Underperform Votes:  517 (Vote Underperform)
Total Votes:  1,476
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.
This page was last updated on 11/21/2018 by MarketBeat.com Staff

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