S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NYSE:MGM

MGM Resorts International Stock Forecast, Price & News

$37.14
-0.15 (-0.40 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$34.14
Now: $37.14
$37.55
50-Day Range
$28.36
MA: $33.72
$39.59
52-Week Range
$5.90
Now: $37.14
$39.91
Volume10.84 million shs
Average Volume10.32 million shs
Market Capitalization$18.38 billion
P/E Ratio13.26
Dividend Yield0.03%
Beta2.42
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 March 22, 2020, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts, 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.
MGM Resorts International logo

Headlines

It’s Okay to Take the Over on DraftKings Stock (MGM)
February 26, 2021 |  marketbeat.com
Options Expert Gambles on MGM
March 6, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
CUSIP55295310
Phone702-693-7120
Employees63,000
Year Founded1986

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.90 billion
Cash Flow$4.15 per share
Book Value$24.28 per share

Profitability

Net Income$2.05 billion

Miscellaneous

Market Cap$18.38 billion
Next Earnings Date4/29/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.75 out of 5 stars

Consumer Discretionary Sector

72nd out of 571 stocks

Hotels & Motels Industry

4th out of 41 stocks

Analyst Opinion: 2.0Community Rank: 3.2Dividend Strength: 0.8Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
$37.14
-0.15 (-0.40 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGM Resorts International (NYSE:MGM) Frequently Asked Questions

Is MGM Resorts International a buy right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 3 sell ratings, 14 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MGM Resorts International stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGM, but not buy additional shares or sell existing shares.
View analyst ratings for MGM Resorts International
or view top-rated stocks.

What stocks does MarketBeat like better than MGM Resorts International?

Wall Street analysts have given MGM Resorts International a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MGM Resorts International wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a decrease in short interest in the month of January. As of January 29th, there was short interest totaling 20,330,000 shares, a decrease of 20.6% from the January 14th total of 25,620,000 shares. Based on an average trading volume of 9,490,000 shares, the short-interest ratio is currently 2.1 days. Currently, 5.1% of the shares of the company are sold short.
View MGM Resorts International's Short Interest
.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for MGM Resorts International
.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) announced its quarterly earnings data on Wednesday, February, 10th. The company reported ($0.90) earnings per share for the quarter, topping the consensus estimate of ($0.96) by $0.06. The firm earned $1.49 billion during the quarter, compared to the consensus estimate of $1.53 billion. MGM Resorts International had a negative trailing twelve-month return on equity of 12.08% and a net margin of 20.81%. The company's quarterly revenue was down 53.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share.
View MGM Resorts International's earnings history
.

How has MGM Resorts International's stock price been impacted by COVID-19?

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MGM shares have increased by 105.4% and is now trading at $37.14.
View which stocks have been most impacted by COVID-19
.

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 Wednesday, February 10th. Shareholders of record on Wednesday, March 10th will be paid a dividend of $0.0025 per share on Monday, March 15th. This represents a $0.01 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Tuesday, March 9th.
View MGM Resorts International's dividend history
.

Is MGM Resorts International a good dividend stock?

MGM Resorts International pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.03%. MGM Resorts International does not yet have a strock track record of dividend growth. The dividend payout ratio of MGM Resorts International is 1.30%. This payout ratio is at a healthy, sustainable level, below 75%.
View MGM Resorts International's dividend history.

What price target have analysts set for MGM?

20 analysts have issued twelve-month target prices for MGM Resorts International's shares. Their forecasts range from $10.00 to $42.00. On average, they anticipate MGM Resorts International's share price to reach $25.82 in the next twelve months. This suggests that the stock has a possible downside of 30.5%.
View analysts' price targets for MGM Resorts International
or view top-rated stocks among Wall Street analysts.

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the following people:
  • Mr. William Joseph Hornbuckle IV, Pres, CEO & Director (Age 63, Pay $3.54M) (LinkedIn Profile)
  • Mr. Corey Ian Sanders, COO & Treasurer (Age 57, Pay $3.14M) (LinkedIn Profile)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 54, Pay $1.78M) (LinkedIn Profile)
  • Mr. Jonathan S. Halkyard, Chief Financial Officer (Age 56)
  • Mr. Todd Meinert, Principal Accounting Officer (Age 47)
  • Ms. Catherine Park, Exec. Director of Investor Relations
  • Ms. Jyoti Chopra, Sr. VP and Chief People, Inclusion & Sustainability Officer
  • Mr. Alan M. Feldman, Exec. VP of Global Gov. & Industry Affairs (Age 62)
  • Ms. Phyllis A. James, Chief Diversity & Corp. Responsibility Officer (Age 68)
  • Ms. Jennifer D. Michaels, Sr. VP of PR (Age 52)

What is Bill Hornbuckle's approval rating as MGM Resorts International's CEO?

83 employees have rated MGM Resorts International CEO Bill Hornbuckle on Glassdoor.com. Bill Hornbuckle has an approval rating of 65% among MGM Resorts International's employees.

Who are some of MGM Resorts International's key 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 The Walt Disney (DIS), Bank of America (BAC), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), The Boeing (BA), Las Vegas Sands (LVS), Intel (INTC) and AT&T (t).

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.74%), Price T Rowe Associates Inc. MD (4.68%), Morgan Stanley (1.37%), Canada Pension Plan Investment Board (1.18%), Steadfast Capital Management LP (1.14%) and Norges Bank (1.03%). 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 Chris Jammet, Mary Christine Gay, Paul J Salem, Rose Mckinney-James, Todd Meinert, 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 Price T Rowe Associates Inc. MD, SRS Investment Management LLC, American Assets Capital Advisers LLC, First Trust Advisors LP, Barrow Hanley Mewhinney & Strauss LLC, Bank of New York Mellon Corp, Primecap Management Co. CA, and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have sold MGM Resorts International company stock in the last year include Corey Ian Sanders, Daniel J Taylor, John Mcmanus, Keith A Meister, Mary Chris Jammet, Todd Meinert, and William Warwick Grounds.
View insider buying and selling activity for MGM Resorts International
or view top insider-selling stocks.

Which major investors are buying MGM Resorts International stock?

MGM stock was bought by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Steadfast Capital Management LP, Norges Bank, Morgan Stanley, National Pension Service, Assenagon Asset Management S.A., Clearbridge Investments LLC, and Senvest Management LLC. 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, Paul J Salem, and William Hornbuckle.
View insider buying and selling activity for MGM Resorts International
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $37.14.

How much money does MGM Resorts International make?

MGM Resorts International has a market capitalization of $18.38 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.

How many employees does MGM Resorts International have?

MGM Resorts International employs 63,000 workers across the globe.

Does MGM Resorts International have any subsidiaries?

The following companies are subsidiares of MGM Resorts International: 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, Aria Resort & Casino LLC, Beau Rivage Resorts LLC, Bellagio LLC, Blue Tarp reDevelopment LLC, Borgata Hotel Casino and Spa, Boru Merger Sub I LLC, Cedar Downs OTB LLC, Circus Circus Casinos Inc., CityCenter Facilities Management LLC, CityCenter Realty Corporation, CityCenter Retail Holdings Management LLC, Destron Inc., Grand Garden Arena Management LLC, Grand Laundry Inc., LV Concrete Corp., Las Vegas Arena Management LLC, Las Vegas Basketball Ventures LLC, MAC CORP., MGM (Beijing) Hospitality Services Co. Ltd., MGM Asia Pacific Limited, MGM Branding and Development Holdings Ltd., MGM CC LLC, MGM China Holdings Ltd., MGM Dev LLC, MGM Development Services Limited, MGM Elgin Sub Inc., MGM Finance Corp., MGM Grand (International) Pte Ltd., MGM Grand Condominiums LLC, MGM Grand Condominiums II LLC, MGM Grand Condominiums III LLC, MGM Grand Detroit Inc., MGM Grand Detroit LLC, MGM Grand Hotel LLC, MGM Growth Properties LLC, MGM Growth Properties OP GP LLC, MGM Growth Properties Operating Partnership LP, MGM Hospitality Development LLC, MGM Hospitality Global LLC, MGM Hospitality Holdings LLC, MGM Hospitality India Private Ltd., MGM Hospitality International GP Ltd., MGM Hospitality International Holdings Ltd., MGM Hospitality International LP, MGM Hospitality LLC, MGM International LLC, MGM Lessee LLC, MGM MA Sub LLC, MGM National Harbor LLC, MGM Public Policy LLC, MGM Resorts Advertising Inc., MGM Resorts Arena Holdings LLC, MGM Resorts Aviation Corp., MGM Resorts Corporate Services, MGM Resorts Design & Development, MGM Resorts Development LLC, MGM Resorts Festival Grounds II LLC, MGM Resorts Festival Grounds LLC, MGM Resorts Global Development LLC, MGM Resorts Interactive LLC, MGM Resorts International Holdings Ltd., MGM Resorts International Marketing Inc., MGM Resorts International Marketing Ltd., MGM Resorts International Operations Inc., MGM Resorts Japan LLC, MGM Resorts Land Holdings LLC, MGM Resorts Manufacturing Corp., MGM Resorts Mississippi LLC, MGM Resorts Regional Operations LLC, MGM Resorts Retail, MGM Resorts Satellite LLC, MGM Resorts Sub 1 LLC, MGM Resorts Sub B LLC, MGM Resorts Venue Management LLC, MGM Resorts West Japan LLC, MGM Sports & Interactive Gaming LLC, MGM Springfield reDevelopment LLC, MGM Yonkers Inc., MGMM Insurance Company, MGP Finance Co-Issuer Inc., MGP Lessor Holdings LLC, MGP Lessor LLC, MGP OH Inc., MGP Yonkers Realty Sub LLC, MH Inc., MMNY Land Company Inc., Mandalay Bay LLC, Mandalay Employment LLC, Mandalay Place LLC, Mandalay Resort Group, Marina District Development Company LLC, Marina District Development Holding Co. LLC, Mercantile Merger Sub I LLC, Metropolitan Marketing LLC, Mirage Laundry Services Corp., Mirage Resorts LLC, NH Cigars LLC, New Castle LLC, New York-New York Hotel & Casino LLC, New York-New York Tower LLC, Northfield Park Associates LLC, PRMA LLC, PRMA Land Development Company, Park District Holdings LLC, Park Theater LLC, Project CC LLC, Ramparts LLC, San Antonio Starts, Signature Tower 2 LLC, Signature Tower 3 LLC, Signature Tower I LLC, The Mirage Casino-Hotel LLC, The Signature Condominiums LLC, Tower B LLC, Tower C LLC, Turnberry/MGM Grand Tower B LLC, Turnberry/MGM Grand Tower C LLC, Turnberry/MGM Grand Towers LLC, Vdara Condo Hotel LLC, Vendido LLC, Victoria Partners, VidiAd, Vintage Land Holdings II LLC, and Vintage Land Holdings LLC.

When was MGM Resorts International founded?

MGM Resorts International was founded in 1986.

What is MGM Resorts International's official website?

The official website for MGM Resorts International is www.mgmresorts.com.

Where are MGM Resorts International's headquarters?

MGM Resorts International is headquartered at 3600 LAS VEGAS BLVD SOUTH, LAS VEGAS NV, 89109.

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 3/7/2021 by MarketBeat.com Staff

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