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

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$28.49 -0.04 (-0.14 %)
(As of 09/21/2018 04:00 PM ET)
Previous Close$28.53
Today's Range$28.42 - $28.84
52-Week Range$26.31 - $38.41
Volume8.93 million shs
Average Volume9.15 million shs
Market Capitalization$15.26 billion
P/E Ratio28.14
Dividend Yield1.69%
Beta1.44
MGM Resorts International logoMGM 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

Stock Exchange NYSE
Industry Hotels & motels
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
SymbolNYSE:MGM
CUSIP55295310
Phone702-693-7120

Debt

Debt-to-Equity Ratio1.25
Current Ratio0.68
Quick Ratio0.64

Price-To-Earnings

Trailing P/E Ratio28.14
Forward P/E Ratio24.56
P/E Growth3.65

Sales & Book Value

Annual Sales$10.77 billion
Price / Sales1.42
Cash Flow$2.9042 per share
Price / Cash9.81
Book Value$20.57 per share
Price / Book1.39

Profitability

EPS (Most Recent Fiscal Year)$1.02
Net Income$1.96 billion
Net Margins17.11%
Return on Equity5.07%
Return on Assets1.92%

Miscellaneous

Employees68,000
Outstanding Shares537,900,000
Market Cap$15.26 billion

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 Friday, August 3rd. Shareholders of record on Monday, September 10th will be paid a dividend of $0.12 per share on Friday, September 14th. This represents a $0.48 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, September 7th. 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 approved a stock buyback plan on Thursday, May 10th 2018, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 10.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) issued its quarterly earnings results on Thursday, August, 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.97 billion. MGM Resorts International had a return on equity of 5.07% and a net margin of 17.11%. MGM Resorts International's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. 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 Wednesday, November, 14th 2018. View Earnings Estimates for MGM Resorts International.

What price target have analysts set for MGM?

14 brokers have issued 1 year price targets for MGM Resorts International's shares. Their predictions range from $31.00 to $44.00. On average, they expect MGM Resorts International's share price to reach $36.8462 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

What is the consensus analysts' recommendation 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." View Analyst Ratings for MGM Resorts International.

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

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 stories about MGM stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MGM Resorts International earned a coverage optimism score of 0.18 on Accern's scale. They also assigned headlines about the company an impact score of 46.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for MGM Resorts International.

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 investors include BlackRock Inc. (7.25%), Canyon Capital Advisors LLC (3.61%), Bank of New York Mellon Corp (1.37%), Bank of New York Mellon Corp (1.41%), Iridian Asset Management LLC CT (1.12%) and Morgan Stanley (1.15%). 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 major investors are selling MGM Resorts International stock?

MGM stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Frontier Capital Management Co. LLC, Jennison Associates LLC, Eagle Asset Management Inc., Wells Fargo & Company MN, Carillon Tower Advisers Inc., Janus Henderson Group PLC and GMT Capital Corp. 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, John Mcmanus, Mary Christine Gay, Phyllis James, Robert Baldwin, 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 purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Bank of New York Mellon Corp, BlackRock Inc., Morgan Stanley, Epoch Investment Partners Inc., Iridian Asset Management LLC CT, Public Employees Retirement Association of Colorado and Beach Point Capital Management LP. 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 $28.49.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $15.26 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 (NYSE MGM)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  933 (Vote Outperform)
Underperform Votes:  502 (Vote Underperform)
Total Votes:  1,435
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 9/22/2018 by MarketBeat.com Staff

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