NYSE:MGM - MGM Resorts International Stock Price, Price Target & More

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

MGM Resorts International declared a quarterly dividend on Wednesday, April 25th. Investors of record on Friday, June 8th will be paid 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 1.54%. The ex-dividend date is Thursday, June 7th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its Board of Directors has initiated a share repurchase program 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

MGM Resorts International (NYSE:MGM) released its quarterly earnings results on Thursday, April, 26th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.02. The company earned $2.82 billion during the quarter, compared to analysts' expectations of $2.82 billion. MGM Resorts International had a net margin of 17.88% and a return on equity of 5.45%. The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for MGM Resorts International.

14 brokerages have issued 1-year price objectives for MGM Resorts International's stock. Their predictions range from $33.00 to $44.00. On average, they anticipate MGM Resorts International's stock price to reach $38.2143 in the next year. This suggests a possible upside of 22.8% from the stock's current price. View Analyst Ratings for MGM Resorts International.

14 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 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

MGM Resorts International saw a drop in short interest during the month of June. As of June 29th, there was short interest totalling 18,667,682 shares, a drop of 24.1% from the June 15th total of 24,607,749 shares. Based on an average daily trading volume, of 10,375,171 shares, the short-interest ratio is currently 1.8 days. Approximately 3.7% 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 Co. Common Stock (HLT), Wynn Resorts (WYNN), Melco Resorts & Entertainment (MLCO), InterContinental Hotels Group (IHG), Huazhu Group (HTHT), Wyndham Worldwide (WYN), Hyatt Hotels (H), Caesars Entertainment Co. Common Stock (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Boyd Gaming (BYD) and Extended Stay America (STAY).

Media headlines about MGM stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog 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 media sentiment score of 0.13 on Accern's scale. They also assigned news headlines about the company an impact score of 44.54 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

MGM Resorts International's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Calamos Advisors LLC (0.27%), Selz Capital LLC (0.11%), Gateway Investment Advisers LLC (0.08%), Retirement Systems of Alabama (0.04%), Pendal Group Ltd (0.04%) and Jabodon PT Co. (0.04%). 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.

MGM stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Retirement Systems of Alabama, Calamos Wealth Management LLC, CenturyLink Investment Management Co, Oakbrook Investments LLC and Gateway Investment Advisers 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, 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.

MGM stock was bought by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Selz Capital LLC, Jabodon PT Co., Pendal Group Ltd, State of Alaska Department of Revenue, Fjarde AP Fonden Fourth Swedish National Pension Fund, Ironsides Asset Advisors LLC and Mitsubishi UFJ Asset Management UK Ltd.. 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 $31.11.

MGM Resorts International has a market capitalization of $17.33 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.

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]