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

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$26.60 +0.35 (+1.33 %)
(As of 03/21/2019 11:25 AM ET)
Previous Close$26.25
Today's Range$26.14 - $26.63
52-Week Range$21.61 - $36.80
Volume76,702 shs
Average Volume6.71 million shs
Market Capitalization$14.28 billion
P/E Ratio26.89
Dividend Yield1.96%
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

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
CUSIP55295310
Phone702-693-7120

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.76 billion
Cash Flow$3.3842 per share
Book Value$19.86 per share

Profitability

Net Income$445.45 million

Miscellaneous

Employees72,000
Market Cap$14.28 billion
Next Earnings Date4/25/2019 (Estimated)
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, February 14th. Investors of record on Friday, March 8th will be given a dividend of $0.13 per share on Friday, March 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, March 7th. This is an increase from MGM Resorts International's previous quarterly dividend of $0.12. 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 plan on Thursday, May 10th 2018, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 10.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) posted its quarterly earnings results on Wednesday, February, 13th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. MGM Resorts International had a return on equity of 5.23% and a net margin of 3.96%. The business's quarterly revenue was up 17.6% compared to the same quarter last year. 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 Thursday, April 25th 2019. View Earnings Estimates for MGM Resorts International.

What price target have analysts set for MGM?

13 analysts have issued twelve-month price objectives for MGM Resorts International's stock. Their predictions range from $30.00 to $39.00. On average, they anticipate MGM Resorts International's share price to reach $33.8889 in the next year. This suggests a possible upside of 27.9% 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 6 hold ratings and 7 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?

Media stories about MGM stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MGM Resorts International earned a news sentiment score of 1.7 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next few days.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a decrease in short interest in the month of February. As of February 28th, there was short interest totalling 12,054,377 shares, a decrease of 30.7% from the February 15th total of 17,392,098 shares. Based on an average daily trading volume, of 8,572,381 shares, the short-interest ratio is currently 1.4 days. Currently, 2.5% of the shares of the company are short sold. View MGM Resorts International's Current Options Chain.

Who are some of MGM Resorts International's key competitors?

What other stocks do shareholders of MGM Resorts International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Resorts International investors own include Wynn Resorts (WYNN), Bank of America (BAC), Intel (INTC), Micron Technology (MU), Las Vegas Sands (LVS), Alibaba Group (BABA), CA (CA), JPMorgan Chase & Co. (JPM), Twitter (TWTR) and Citigroup (C).

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 57)
  • Mr. William Joseph Hornbuckle IV, Pres (Age 61)
  • Mr. Daniel J. D'Arrigo, Exec. VP & CFO (Age 50)
  • Mr. Corey Ian Sanders, Chief Operating Officer (Age 55)
  • Mr. Robert C. Selwood, Exec. VP & Chief Accounting Officer (Age 63)

Who are MGM Resorts International's major shareholders?

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.74%), Harris Associates L P (3.64%), Bank of New York Mellon Corp (1.33%), Geode Capital Management LLC (1.21%), Bank of America Corp DE (1.11%) and Dimensional Fund Advisors LP (0.99%). 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 Harris Associates L P, Gates Capital Management Inc., BlackRock Inc., Caxton Associates LP, KBC Group NV, Bank of New York Mellon Corp, Land & Buildings Investment Management LLC and Meghalaya Partners L.P.. Company insiders that have sold MGM Resorts International company stock in the last year include Alexis Herman, Daniel D'arrigo, Mary Christine Gay, Phyllis James and Rose Mckinney-James. View Insider Buying and Selling for MGM Resorts International.

Which institutional investors are buying MGM Resorts International stock?

MGM stock was purchased by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Bank of America Corp DE, Norges Bank, Two Sigma Advisers LP, Canada Pension Plan Investment Board, Bank of Nova Scotia, Oregon Public Employees Retirement Fund and Epoch Investment Partners Inc.. Company insiders that have bought MGM Resorts International stock in the last two years include Joness Lang, Mary Christine Gay, 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 $26.50.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $14.23 billion and generates $11.76 billion in revenue each year. The company earns $445.45 million in net income (profit) each year or $0.99 on an earnings per share basis. MGM Resorts International employs 72,000 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:  3.3 out of 5 (star star star)
Outperform Votes:  992 (Vote Outperform)
Underperform Votes:  530 (Vote Underperform)
Total Votes:  1,522
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 3/21/2019 by MarketBeat.com Staff

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