MGM Resorts International Company Profile (NYSE:MGM)

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

MGM Resorts International announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.11 per share on Thursday, June 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, June 7th. View MGM Resorts International's Dividend History.

MGM Resorts International (NYSE:MGM) released its quarterly earnings results on Thursday, April, 27th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. The business earned $2.71 billion during the quarter, compared to analyst estimates of $2.63 billion. MGM Resorts International had a return on equity of 7.76% and a net margin of 12.25%. The business's revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for MGM Resorts International.

18 brokers have issued 12-month price targets for MGM Resorts International's shares. Their predictions range from $31.00 to $40.00. On average, they anticipate MGM Resorts International's share price to reach $34.71 in the next twelve months. View Analyst Ratings for MGM Resorts International.

Here are some recent quotes from research analysts about MGM Resorts International stock:

• 1. According to Zacks Investment Research, "MGM Resorts’ shares underperformed the Zacks classified Gaming industry year to date. A tough operating environment in Macau weighed on MGM Resorts’ revenues since Jun 2014 to the most part of 2016. Though revival of gaming revenues in Macau is a huge positive, it will take time for the region to return to its former glory as concerns related to sustainability of revenues from the VIP market linger. In fact, in Q1 2017, though revenues at MGM China increased 7%, VIP table games revenues declined 5% as turnover plunged 16%. Meanwhile, the company’s strong portfolio and focus on non-gaming activities could offset the impact of these headwinds to some extent. Moreover, the Las Vegas business is doing well on the back of the ongoing economic recovery and growing tourism in the region, which should drive incremental revenues at properties there. However, heightened competition and increased debt pressure are causes of concern." (6/28/2017)
• 2. Instinet analysts commented, "The level of vitriol towards MGM post its 4Q16 muff has risen to a level that reminds us of NCLH after it missed and lowered in 3Q last year. MGM is off 8% YTD vs. a 6% gain for the S&P 500 and +8% for the S&P Hotels, Resorts & Cruise Lines Index, and its forward EBITDA multiple has contracted to a near low of 9x. In our view, though, the $1.5b in MGM's lost market cap is an opportunity for investors who, like us, believe in the pricing power of Vegas as well as improving visibility of MGM's free cash flow. Just as when we wrote on NCLH last August, we believe there is 23% upside in MGM's stock from current levels. In this note, we argue that consensus RevPAR estimates for 2017 are reasonable at +4-5%, but that the Street's expectation for higher RevPAR in 2Q and lower in 3Q should be inverted. We expect 2Q to be more challenged (+2% y/y) due to the Easter shift (consensus is over 4%), but 3Q should be at least 3% (versus buy-side consensus of 0-1%)." (3/16/2017)
• 3. Aegis analysts commented, "MGM put itself in the 'show-me' category yesterday, essentially calling out 3Q16 and 4Q15 as somewhat lower-quality, boosted by calendar and one-time events which created 4Q16 expectations that were too high. The stock's saving grace is valuation, now at 11.1x/9.8x CY17/CY18 EV/EBITDA, a peer low (downside from current prices likely minimal). However, we struggle to find a catalyst outside of upcoming 1Q17 results under reset expectations and expect shares to be range-bound near-term. Longer-term, nothing is broken and the strong Las Vegas backdrop and Macau recovery tailwinds remain. However, investors will likely have to wait longer (we believe 1Q17 report) to begin to see true upward stock momentum." (2/17/2017)

Some companies that are related to MGM Resorts International include Marriott International (MAR), Sands China (SCHYY), Carnival Corporation (CCL), Electronic Arts (EA), Panasonic (PCRFY), DISH Network Corporation (DISH), Liberty Global PLC (LBTYA), Liberty Global PLC (LBTYK), Rogers Communication (RCI), CBS Corporation (CBS), Sirius XM Holdings (SIRI), Royal Caribbean Cruises (RCL), V.F. Corporation (VFC), Sky Plc (SKYAY), Hilton Worldwide Holdings (HLT), Mohawk Industries (MHK), Sharp Corp. (SHCAY) and Viacom (VIA).

MGM Resorts International's management team includes the folowing people:

• James Joseph Murren, Chairman of the Board, Chief Executive Officer
• William Joseph Hornbuckle IV, President
• Daniel J. D'Arrigo, Chief Financial Officer, Executive Vice President
• Corey Ian Sanders, Chief Operating Officer
• Robert C. Selwood, Executive Vice President, Chief Accounting Officer
• John M. McManus, Executive Vice President, General Counsel, Secretary
• Phyllis A. James, Executive Vice President, Chief Diversity and Corporate Responsibility Officer
• Robert H. Baldwin, Chief Customer Development Officer , Director
• Roland A. Hernandez, Lead Independent Director
• William W. Grounds, Director

MGM Resorts International's stock is owned by many different of retail and institutional investors. Top institutional investors include TRACINDA CORP (9.95%), APG Asset Management N.V. (0.10%), National Pension Service (0.09%), Bank of Montreal Can (0.07%), Patriot Wealth Management Inc. (0.04%) and Gateway Investment Advisers LLC (0.04%). Company insiders that own MGM Resorts International stock include Alexis Herman, Corey Ian Sanders, Corp Tracinda, Daniel D'arrigo, Daniel J Taylor, Edward Leith Ellwood, Eric Plexman, Gregory M Spierkel, James Murren, John Mcmanus, Mary Christine Gay, Phyllis James, Robert Baldwin, Robert Selwood, Roland A Hernandez, Rose Mckinney-James, William A Bible, William Hornbuckle and William Warwick Grounds. View Institutional Ownership Trends for MGM Resorts International.

MGM Resorts International's stock was sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., Creative Planning, CrestPoint Capital Management LLC, State of Alaska Department of Revenue, Nisa Investment Advisors LLC and Sippican Capital Advisors. Company insiders that have sold MGM Resorts International stock in the last year include Alexis Herman, Corey Ian Sanders, Corp Tracinda, Daniel D'arrigo, James Murren, John Mcmanus, 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 Resorts International's stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Mn Services Vermogensbeheer B.V., National Pension Service, Appleton Partners Inc. MA, Wright Investors Service Inc., Gateway Investment Advisers LLC, Aperio Group LLC and Rothschild Investment Corp IL. Company insiders that have bought MGM Resorts International stock in the last two years include Edward Leith Ellwood, Eric Plexman, Gregory M Spierkel, Mary Christine Gay, William A Bible and William Warwick Grounds. View Insider Buying and Selling for MGM Resorts International.

Shares of MGM Resorts International can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MGM Resorts International stock can currently be purchased for approximately $33.99.