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

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

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

MGM Resorts International announced that its Board of Directors has approved a share repurchase plan on Thursday, May 10th 2018, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 10.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

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

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

12 analysts have issued 1-year price targets for MGM Resorts International's stock. Their forecasts range from $30.00 to $44.00. On average, they anticipate MGM Resorts International's share price to reach $35.90 in the next twelve months. This suggests a possible upside of 42.6% from the stock's current price. View Analyst Price Targets for 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 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Resorts International.

News articles about MGM stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. 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 media sentiment score of 0.6 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the company's share price in the immediate future.

MGM Resorts International saw a increase in short interest in 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 volume of 9,364,865 shares, the short-interest ratio is presently 2.4 days. Currently, 4.5% of the shares of the stock are short sold. 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 (HLT), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Hyatt Hotels (H), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), Park Hotels & Resorts (PK), Caesars Entertainment (CZR), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Sunstone Hotel Investors (SHO), Eldorado Resorts (ERI) and Boyd Gaming (BYD).

MGM Resorts International's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.06%), Bank of New York Mellon Corp (1.43%), Public Employees Retirement Association of Colorado (0.43%), Beach Point Capital Management LP (0.42%), Gamco Investors INC. ET AL (0.41%) and Calamos Advisors LLC (0.34%). 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.

MGM stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., BlackRock Inc., American Century Companies Inc., FMR LLC, Toronto Dominion Bank, Daiwa Securities Group Inc., Gerber Kawasaki Wealth & Investment Management and Jennison Associates 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, John Mcmanus, Mary Christine Gay, Phyllis James, Robert Baldwin, Rose Mckinney-James, William A Bible and William Hornbuckle. View Insider Buying and Selling for MGM Resorts International.

MGM stock was bought by a variety of institutional investors in the last quarter, including Public Employees Retirement Association of Colorado, TD Asset Management Inc., Beach Point Capital Management LP, Ceredex Value Advisors LLC, Calamos Advisors LLC, First Trust Advisors LP, Gamco Investors INC. ET AL and Garner Asset Management Corp. 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 $25.18.

MGM Resorts International has a market capitalization of $13.46 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.

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]