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About MGM Resorts International (NYSE:MGM)
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.
Industry, Sector and Symbol
Industry Hotels & motels
Sub-IndustryCasinos & Gaming
Trailing P/E Ratio30.83
Forward P/E Ratio24.76
Sales & Book Value
Annual Sales$10.77 billion
Price / Sales1.63
Cash Flow$2.88 per share
Price / Cash10.92
Book Value$20.48 per share
Price / Book1.54
EPS (Most Recent Fiscal Year)$1.02
Net Income$1.96 billion
Return on Equity5.45%
Return on Assets2.05%
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 announced a quarterly dividend on Wednesday, April 25th. Shareholders of record on Friday, June 8th will be given a dividend of $0.12 per share on Friday, June 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, June 7th. View MGM Resorts International's Dividend History.
How will MGM Resorts International's stock buyback program work?
MGM Resorts International declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 10th 2018, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 10.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
How were MGM Resorts International's earnings last quarter?
MGM Resorts International (NYSE:MGM) announced its quarterly earnings results on Thursday, April, 26th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.02. The company earned $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. MGM Resorts International had a net margin of 17.88% and a return on equity of 5.45%. The business's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. View MGM Resorts International's Earnings History.
When is MGM Resorts International's next earnings date?
What price target have analysts set for MGM?
13 brokerages have issued 1 year price objectives for MGM Resorts International's shares. Their forecasts range from $33.00 to $44.00. On average, they expect MGM Resorts International's stock price to reach $38.0769 in the next year. View Analyst Ratings for MGM Resorts International.
Are investors shorting MGM Resorts International?
MGM Resorts International saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 23,826,566 shares, an increase of 17.8% from the April 30th total of 20,227,767 shares. Based on an average daily volume of 11,200,043 shares, the short-interest ratio is presently 2.1 days. Currently, 4.7% of the company's stock are short sold.
Who are some of MGM Resorts International's key competitors?
Some companies that are related to MGM Resorts International include Las Vegas Sands (LVS), Marriott International (MAR), Hilton Worldwide (HLT), Wynn Resorts (WYNN), Melco Resorts & Entertainment (MLCO), China Lodging Group (HTHT), InterContinental Hotels Group (IHG), Wyndham Worldwide (WYN), Hyatt Hotels (H), Caesars Entertainment Co. Common Stock (CZR), Park Hotels & Resorts (PK), Choice Hotels (CHH), Boyd Gaming (BYD), Red Rock Resorts (RRR) and Sunstone Hotel Investors (SHO).
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 H. Baldwin, Chief Customer Devel. Officer & Director (Age 68)
Has MGM Resorts International been receiving favorable news coverage?
News articles about MGM stock have been trending somewhat positive on Saturday, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MGM Resorts International earned a news sentiment score of 0.09 on Accern's scale. They also gave media stories about the company an impact score of 46.41 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are MGM Resorts International's major shareholders?
MGM Resorts International's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.32%),
(4.80%), Canyon Capital Advisors LLC (3.47%), Dimensional Fund Advisors LP (0.98%), Northern Trust Corp (0.90%) and Iridian Asset Management LLC CT (0.86%). 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.
Which major investors are selling MGM Resorts International stock?
MGM stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State of New Jersey Common Pension Fund D, American Century Companies Inc., Rubric Capital Management LP, KBC Group NV, Iridian Asset Management LLC CT, Swiss National Bank and Honeywell International Inc.. 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.
Which major investors are buying MGM Resorts International stock?
MGM stock was acquired by a variety of institutional investors in the last quarter, including State of Tennessee Treasury Department, Gamco Investors INC. ET AL, Toronto Dominion Bank, Mackay Shields LLC, Eagle Asset Management Inc., Carillon Tower Advisers Inc., Polar Asset Management Partners Inc. and BlackRock Inc.. 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 $31.45.
How big of a company is MGM Resorts International?
MGM Resorts International has a market capitalization of $17.59 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.
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 (MGM)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.
MGM Resorts International (NYSE:MGM) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for MGM Resorts International in the last 12 months. Their average twelve-month price target is $38.0769, suggesting that the stock has a possible upside of 21.07%. The high price target for MGM is $44.00 and the low price target for MGM is $33.00. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of "Buy."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.77||2.80||2.76||2.71|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$38.0769||$38.4286||$37.80||$36.50|
|Price Target Upside: ||21.07% upside||8.43% upside||7.69% upside||10.41% upside|
MGM Resorts International (NYSE:MGM) Consensus Price Target History
MGM Resorts International (NYSE:MGM) Analyst Ratings History
(Data available from 5/26/2016 forward)
MGM Resorts International (NYSE:MGM) Dividend Information
MGM Resorts International pays an annual dividend of $0.48 per share, with a dividend yield of 1.53%. MGM's next quarterly dividend payment will be made on Friday, June 15. MGM Resorts International pays out 47.06% of its earnings out as a dividend.
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio(s):||47.06% (Trailing 12 Months of Earnings) |
37.80% (Based on This Year's Estimates)
29.81% (Based on Next Year's Estimates)
16.67% (Based on Cash Flow)
MGM Resorts International (NYSE:MGM) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
MGM Resorts International (NYSE MGM) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 12.20%
Institutional Ownership Percentage: 82.52%
MGM Resorts International (NYSE MGM) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|4/30/2018||Alexis Herman||Director||Sell||3,840||$31.65||$121,536.00|| |
|3/14/2018||William Warwick Grounds||Director||Buy||1,000||$35.50||$35,500.00|| |
|3/12/2018||Alexis Herman||Director||Sell||4,350||$36.63||$159,340.50||3,935|| |
|3/12/2018||Corey Ian Sanders||Insider||Sell||23,134||$36.68||$848,555.12||203,425|| |
|3/9/2018||William Hornbuckle||President||Sell||60,000||$36.36||$2,181,600.00||26,289|| |
|3/6/2018||William A Bible||Director||Sell||6,260||$34.47||$215,782.20||27,081|| |
|2/23/2018||Daniel D'arrigo||CFO||Sell||36,366||$34.78||$1,264,809.48||242,799|| |
|2/22/2018||Daniel J Taylor||Director||Sell||12,536||$34.67||$434,623.12|| |
|11/29/2017||Phyllis James||Insider||Sell||19,149||$33.64||$644,172.36||8,961|| |
|11/22/2017||William A Bible||Director||Sell||6,128||$33.23||$203,633.44||27,081|| |
|11/15/2017||Robert Baldwin||Insider||Sell||61,600||$32.56||$2,005,696.00||70,049|| |
|11/13/2017||John Mcmanus||EVP||Sell||10,000||$33.35||$333,500.00||54,337|| |
|9/11/2017||Robert Baldwin||Insider||Sell||49,179||$33.13||$1,629,300.27||145,105|| |
|9/8/2017||James Murren||CEO||Sell||294,150||$34.08||$10,024,632.00||71,442|| |
|9/8/2017||John Mcmanus||EVP||Sell||5,273||$33.70||$177,700.10||40,744|| |
|9/7/2017||Daniel D'arrigo||CFO||Sell||30,318||$34.12||$1,034,450.16||212,467|| |
|9/7/2017||James Murren||CEO||Sell||259,760||$34.19||$8,881,194.40||71,442|| |
|9/6/2017||Corey Ian Sanders||Insider||Sell||16,446||$33.63||$553,078.98||198,058|| |
|9/6/2017||Robert Selwood||CAO||Sell||40,325||$33.86||$1,365,404.50||197,993|| |
|9/6/2017||Rose Mckinney-James||Director||Sell||3,097||$33.83||$104,771.51||10,724|| |
|8/9/2017||James Murren||CEO||Sell||57,269||$31.54||$1,806,264.26||969,111|| |
|8/7/2017||Mary Christine Gay||Director||Sell||3,000||$31.88||$95,640.00||11,208|| |
|8/1/2017||Alexis Herman||Director||Sell||3,745||$32.51||$121,749.95||8,285|| |
|7/31/2017||James Murren||CEO||Sell||57,269||$33.05||$1,892,740.45||1,231,611|| |
|5/25/2017||Robert Selwood||EVP||Sell||10,046||$31.56||$317,051.76||116,743|| |
|5/19/2017||John Mcmanus||EVP||Sell||10,000||$31.28||$312,800.00||46,917|| |
|5/15/2017||Corey Ian Sanders||COO||Sell||21,441||$31.60||$677,535.60||210,558|| |
|5/3/2017||Rose Mckinney-James||Director||Sell||880||$30.95||$27,236.00||100|| |
|5/1/2017||Corey Ian Sanders||Insider||Sell||19,855||$31.01||$615,703.55||185,558|| |
|5/1/2017||John Mcmanus||EVP||Sell||14,942||$30.74||$459,317.08||93,517|| |
|5/1/2017||William A Bible||Director||Sell||5,906||$30.77||$181,727.62||27,081|| |
|2/28/2017||Robert Baldwin||Insider||Sell||106,160||$26.26||$2,787,761.60||316,044|| |
|2/21/2017||William Warwick Grounds||Director||Buy||1,150||$26.74||$30,751.00||1,350|| |
|12/13/2016||Daniel D'arrigo||Insider||Sell||32,618||$30.07||$980,823.26||158,722|| |
|11/29/2016||Phyllis James||EVP||Sell||5,734||$28.93||$165,884.62||15,461|| |
|11/29/2016||William Hornbuckle||President||Sell||46,772||$29.00||$1,356,388.00||135,141|| |
|11/21/2016||Corey Ian Sanders||Insider||Sell||26,540||$29.10||$772,314.00||213,912|| |
|11/9/2016||James Murren||CEO||Sell||90,525||$27.99||$2,533,794.75||1,171,984|| |
|11/9/2016||Robert Selwood||EVP||Sell||12,961||$28.13||$364,592.93||135,493|| |
|11/9/2016||William Hornbuckle||President||Sell||26,225||$28.56||$748,986.00||210,141|| |
|9/1/2016||Corp Tracinda||Major Shareholder||Sell||4,000,000||$100,000,000.00||$400,000,000,000,000.00||87,173,744|| |
|8/31/2016||John Mcmanus||EVP||Sell||12,363||$24.44||$302,151.72||40,071|| |
|8/12/2016||Alexis Herman||Director||Sell||2,391||$24.66||$58,962.06||24,511|| |
|6/14/2016||Mary Christine Gay||Director||Sell||5,300||$23.89||$126,617.00||11,959|| |
|6/1/2016||Rose Mckinney-James||Director||Sell||2,948||$23.33||$68,776.84||100|| |
|5/25/2016||John Mcmanus||EVP||Sell||4,116||$22.88||$94,174.08||41,321|| |
|5/24/2016||Corey Ian Sanders||COO||Sell||33,090||$22.63||$748,826.70||188,865|| |
|5/20/2016||William Hornbuckle||President||Sell||30,354||$21.51||$652,914.54||176,307|| |
|5/16/2016||Daniel J Taylor||Director||Sell||12,631||$22.06||$278,639.86|| |
|5/10/2016||Corey Ian Sanders||COO||Sell||32,894||$22.36||$735,509.84||188,865|| |
|3/14/2016||Roland A Hernandez||Director||Sell||12,285||$21.06||$258,722.10||51,364|| |
|3/11/2016||Edward Leith Ellwood||Insider||Buy||1,000||$0.06||$60.00|
|3/11/2016||William Warwick Grounds||Director||Buy||1,250||$20.77||$25,962.50||1,250|| |
|3/10/2016||Phyllis James||EVP||Sell||18,520||$20.30||$375,956.00||36,945|| |
|3/9/2016||Corey Ian Sanders||COO||Sell||40,119||$20.06||$804,787.14||193,865|| |
|3/9/2016||Edward Leith Ellwood||Insider||Buy||1,000||$0.06||$60.00|
|2/24/2016||William A Bible||Director||Buy||1,000||$17.80||$17,800.00||12,337|| |
|12/8/2015||Phyllis James||EVP||Sell||23,963||$21.59||$517,361.17||10,695|| |
|12/4/2015||Gregory M Spierkel||Director||Buy||5,000||$22.48||$112,400.00||5,000|| |
|11/20/2015||Edward Leith Ellwood||Insider||Buy||1,000||$0.05||$50.00|
|11/11/2015||John Mcmanus||EVP||Sell||7,442||$23.28||$173,249.76||30,071|| |
|11/2/2015||Robert Selwood||CAO||Sell||12,398||$23.90||$296,312.20||30,482|| |
|10/29/2015||Edward Leith Ellwood||Insider||Buy||2,000||$0.05||$100.00|
|10/20/2015||Edward Leith Ellwood||Insider||Sell||100,000||$0.04||$4,000.00|
|8/25/2015||Mary Christine Gay||Director||Buy||1,000||$20.00||$20,000.00||9,778|| |
|5/7/2015||Paul Valerian Teodorovici||Director||Buy||2,000||$0.05||$100.00|
|4/17/2015||Paul Valerian Teodorovici||Director||Buy||2,000||$0.05||$100.00|
|4/14/2015||Edward Leith Ellwood||Insider||Buy||1,000||$0.0450||$45.00|
|4/13/2015||Edward Leith Ellwood||Insider||Buy||2,000||$0.0450||$90.00|
|1/14/2015||Paul Valerian Teodorovici||Director||Buy||3,000||$0.04||$120.00|
|11/7/2014||Alexis Herman||Director||Sell||12,986||$21.94||$284,912.84|| |
|8/22/2014||Phyllis James||EVP||Sell||4,875||$25.00||$121,875.00|| |
|8/20/2014||Robert Baldwin||Insider||Sell||26,973||$25.21||$679,989.33|| |
|8/11/2014||Rose Mckinney-James||Director||Sell||4,870||$24.83||$120,922.10|| |
|5/29/2014||Christopher W Nordling||EVP||Sell||5,687||$25.73||$146,326.51|| |
|5/1/2014||James Murren||CEO||Sell||26,778||$25.22||$675,341.16||22,286|| |
|3/6/2014||Corey Ian Sanders||COO||Sell||17,745||$28.41||$504,135.45||20,832|| |
|3/5/2014||William Hornbuckle||CMO||Sell||74,059||$28.26||$2,092,907.34||12,691|| |
|2/21/2014||John Mcmanus||EVP||Sell||6,060||$27.13||$164,407.80||3,059|| |
|2/21/2014||Roland Hernandez||Director||Sell||2,130||$27.25||$58,042.50||14,963|| |
|12/4/2013||Phyllis James||EVP||Sell||1,645||$19.62||$32,274.90||9,519|| |
|9/13/2013||John Mcmanus||EVP||Sell||6,779||$18.99||$128,733.21|| |
|9/11/2013||James Murren||CEO||Sell||61,784||$19.09||$1,179,456.56|| |
|8/22/2013||Alexis Herman||Director||Sell||28,747||$17.51||$503,359.97||3,543|| |
|8/19/2013||Rose Mckinney-James||Director||Sell||11,820||$17.27||$204,131.40||100|| |
|8/13/2013||Christopher Nordling||EVP||Sell||6,229||$17.36||$108,135.44||11,389|| |
|8/8/2013||William Hornbuckle||CMO||Sell||36,931||$17.41||$642,968.71||7,050|| |
|5/16/2013||John Mcmanus||EVP||Sell||5,225||$15.66||$81,823.50|| |
|5/14/2013||James Murren||CEO||Sell||94,007||$15.83||$1,488,130.81|| |
MGM Resorts International (NYSE MGM) News Headlines
MGM Resorts International (NYSE:MGM) SEC Filings
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MGM Resorts International (NYSE:MGM) Income Statement, Balance Sheet and Cash Flow Statement
MGM Resorts International (NYSE MGM) Stock Chart for Saturday, May, 26, 2018