NYSE:MGM MGM Resorts International Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MGM Resorts International Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $22.10 +0.91 (+4.29 %) (As of 09/28/2020 03:12 AM ET) Add Compare Share Today's Range$21.19Now: $22.10▼$22.2550-Day Range$18.46MA: $22.04▼$23.8652-Week Range$5.90Now: $22.10▼$34.63Volume9.57 million shsAverage Volume22.06 million shsMarket Capitalization$10.90 billionP/E Ratio5.82Dividend Yield0.05%Beta2.39 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots, table games, and race and sports book wagering. As of February 27, 2019, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. Its customers include 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.Read More Beat the Market (BTM) Rank™ 1.9 Analyst's Opinion Consensus RatingMGM Resorts International has received a consensus rating of Hold. The company's average rating score is 1.88, and is based on 1 buy rating, 12 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.20, MGM Resorts International has a forecasted downside of 8.6% from its current price of $22.10.Amount of Analyst CoverageMGM Resorts International has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.3 Community Rank Outperform VotesMGM Resorts International has received 1,201 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMGM Resorts International has received 646 “underperform” votes. (Add your “underperform” vote.)Community SentimentMGM Resorts International has received 65.02% “outperform” votes from our community.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. Previous Next 0.8 Dividend Strength Dividend YieldMGM Resorts International has a dividend yield of 0.05%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthMGM Resorts International has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of MGM Resorts International is 1.30%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGM Resorts International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,129,321.00 in company stock.Percentage Held by InsidersOnly 5.06% of the stock of MGM Resorts International is held by insiders.Percentage Held by Institutions66.23% of the stock of MGM Resorts International is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for MGM Resorts International are expected to grow in the coming year, from ($4.15) to ($1.32) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGM Resorts International is 5.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.27.Price to Earnings Ratio vs. SectorThe P/E ratio of MGM Resorts International is 5.82, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 53.00.Price to Book Value per Share RatioMGM Resorts International has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.9Community Rank: 3.3Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.91 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Hotels & motels Sub-IndustryCasinos & Gaming SectorConsumer Discretionary Current SymbolNYSE:MGM Previous Symbol CUSIP55295310 CIK789570 Webwww.mgmresorts.com Phone702-693-7120Debt Debt-to-Equity Ratio0.92 Current Ratio2.47 Quick Ratio2.43Price-To-Earnings Trailing P/E Ratio5.82 Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$12.90 billion Price / Sales0.85 Cash Flow$3.22 per share Price / Cash Flow6.86 Book Value$24.28 per share Price / Book0.91Profitability EPS (Most Recent Fiscal Year)$0.77 Net Income$2.05 billion Net Margins21.28% Return on Equity-6.64% Return on Assets-2.29%Miscellaneous Employees52,000 Outstanding Shares493,281,000Market Cap$10.90 billion Next Earnings Date11/4/2020 (Estimated) OptionableOptionable $22.10 +0.91 (+4.29 %) (As of 09/28/2020 03:12 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive MGM News and Ratings via Email Sign-up to receive the latest news and ratings for MGM and its competitors with MarketBeat's FREE daily newsletter. MGM Resorts International (NYSE:MGM) Frequently Asked Questions How has MGM Resorts International's stock price been impacted by Coronavirus (COVID-19)? MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MGM shares have increased by 22.2% and is now trading at $22.10. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of MGM Resorts International? 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 3 sell ratings, 12 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MGM Resorts International. When is MGM Resorts International's next earnings date? MGM Resorts International is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020. View our earnings forecast for MGM Resorts International. How were MGM Resorts International's earnings last quarter? MGM Resorts International (NYSE:MGM) announced its earnings results on Thursday, July, 30th. The company reported ($1.52) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.65) by $0.13. The firm had revenue of $289.81 million for the quarter, compared to analysts' expectations of $442.57 million. MGM Resorts International had a net margin of 21.28% and a negative return on equity of 6.64%. View MGM Resorts International's earnings history. 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, July 30th. Investors of record on Thursday, September 10th will be given a dividend of $0.0025 per share on Tuesday, September 15th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.05%. The ex-dividend date is Wednesday, September 9th. This is an increase from MGM Resorts International's previous quarterly dividend of $0.00. View MGM Resorts International's dividend history. What price target have analysts set for MGM? 16 brokerages have issued 1 year target prices for MGM Resorts International's stock. Their forecasts range from $10.00 to $40.00. On average, they anticipate MGM Resorts International's stock price to reach $20.20 in the next year. This suggests that the stock has a possible downside of 8.6%. View analysts' price targets for MGM Resorts International. Has MGM Resorts International been receiving favorable news coverage? Press coverage about MGM stock has been trending extremely negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGM Resorts International earned a coverage optimism score of -5.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the near future. View the latest news about MGM Resorts International. Are investors shorting MGM Resorts International? MGM Resorts International saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 50,180,000 shares, an increase of 14.7% from the August 31st total of 43,730,000 shares. Based on an average daily trading volume, of 20,170,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 11.7% of the company's stock are short sold. View MGM Resorts International's Short Interest. Who are some of MGM Resorts International's key competitors? Some companies that are related to MGM Resorts International include Las Vegas Sands (LVS), Penn National Gaming (PENN), Wynn Resorts (WYNN), Churchill Downs (CHDN), Caesars Entertainment (CZR), Advanced Drainage Systems (WMS), Scientific Games (SGMS), Boyd Gaming (BYD), International Game Technology (IGT) and Monarch Casino & Resort (MCRI). View all 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 Walt Disney (DIS), Bank of America (BAC), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Boeing (BA), Intel (INTC), Las Vegas Sands (LVS) and Wynn Resorts (WYNN). Who are MGM Resorts International's key executives? MGM Resorts International's management team includes the following people: Mr. James Joseph Murren, Chairman & CEO (Age 57)Mr. William Joseph Hornbuckle IV, Pres & COO (Age 61)Mr. Corey Ian Sanders, CFO & Treasurer (Age 55)Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 52)Mr. Robert C. Selwood, Exec. VP & Chief Accounting Officer (Age 63) What is MGM Resorts International's stock symbol? MGM Resorts International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGM." Who are MGM Resorts International's major shareholders? MGM Resorts International's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.62%), Blue Harbour Group L.P. (0.86%), Bank of New York Mellon Corp (0.65%), FMR LLC (0.56%), Nuveen Asset Management LLC (0.54%) and Charles Schwab Investment Management Inc. (0.47%). Company insiders that own MGM Resorts International stock include Atif Rafiq, Corey Ian Sanders, Daniel J Taylor, Gregory M Spierkel, James Murren, John Mcmanus, Keith A Meister, Mary Christine Gay, Paul J Salem, Phyllis James, Rose Mckinney-James and William Hornbuckle. 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 Vanguard Group Inc., Bank of Montreal Can, Blue Harbour Group L.P., Calamos Advisors LLC, Two Sigma Advisers LP, Gamco Investors INC. ET AL, Sumitomo Mitsui Trust Holdings Inc., and Stifel Financial Corp. Company insiders that have sold MGM Resorts International company stock in the last year include Daniel J Taylor, James Murren, and John Mcmanus. View insider buying and selling activity 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 First Trust Advisors LP, Psagot Investment House Ltd., New England Investment & Retirement Group Inc., Janney Montgomery Scott LLC, AQR Capital Management LLC, State of Tennessee Treasury Department, Pendal Group Ltd, and MERIAN GLOBAL INVESTORS UK Ltd. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Corey Ian Sanders, Gregory M Spierkel, Keith A Meister, Mary Christine Gay, Paul J Salem, and William Hornbuckle. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is MGM Resorts International's stock price today? One share of MGM stock can currently be purchased for approximately $22.10. How big of a company is MGM Resorts International? MGM Resorts International has a market capitalization of $10.90 billion and generates $12.90 billion in revenue each year. The company earns $2.05 billion in net income (profit) each year or $0.77 on an earnings per share basis. MGM Resorts International employs 52,000 workers across the globe. What is MGM Resorts International's official website? The official website for MGM Resorts International is 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] This page was last updated on 9/28/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
