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 announced a quarterly dividend on Wednesday, April 25th. Shareholders 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 1.60%. The ex-dividend date is Thursday, June 7th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its board 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 board of directors believes its shares are undervalued.

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

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for MGM Resorts International.

13 brokerages have issued 12 month target prices for MGM Resorts International's stock. Their predictions 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.

MGM Resorts International saw a increase in short interest in 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 trading volume of 11,200,043 shares, the days-to-cover ratio is currently 2.1 days. Approximately 4.7% 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 Worldwide (HLT), Wynn Resorts (WYNN), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Wyndham Worldwide (WYN), Hyatt Hotels (H), Caesars Entertainment Co. Common Stock (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Extended Stay America (STAY) and Boyd Gaming (BYD).

Media coverage about MGM stock has been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MGM Resorts International earned a daily sentiment score of 0.18 on Accern's scale. They also gave press coverage about the company an impact score of 45.62 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.32%), Canyon Capital Advisors LLC (3.47%), 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.

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.

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.

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 $30.07.

MGM Resorts International has a market capitalization of $16.88 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]