MGM Resorts International Stock Forecast, Price & News

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MGM shares have increased by 54.6% and is now trading at $27.96.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 4 sell ratings, 11 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for MGM Resorts International.

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MGM Resorts International is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for MGM Resorts International.

MGM Resorts International (NYSE:MGM) announced its quarterly earnings data on Thursday, October, 29th. The company reported ($1.08) EPS for the quarter, topping the Zacks' consensus estimate of ($1.10) by $0.02. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.30 billion. MGM Resorts International had a net margin of 20.81% and a negative return on equity of 12.08%. The company's quarterly revenue was down 66.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share.
View MGM Resorts International's earnings history.

MGM Resorts International declared a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, December 10th will be paid a dividend of $0.0025 per share on Tuesday, December 15th. This represents a $0.01 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, December 9th.
View MGM Resorts International's dividend history.

16 Wall Street analysts have issued 12 month price objectives for MGM Resorts International's shares. Their forecasts range from $10.00 to $30.00. On average, they expect MGM Resorts International's share price to reach $19.27 in the next year. This suggests that the stock has a possible downside of 31.1%.
View analysts' price targets for MGM Resorts International.

MGM Resorts International saw a drop in short interest in October. As of October 30th, there was short interest totaling 34,390,000 shares, a drop of 14.4% from the October 15th total of 40,170,000 shares. Based on an average daily trading volume, of 13,320,000 shares, the short-interest ratio is presently 2.6 days. Approximately 8.0% of the shares of the stock are short sold.
View MGM Resorts International's Short Interest.

Some companies that are related to MGM Resorts International include Las Vegas Sands (LVS), Caesars Entertainment (CZR), Penn National Gaming (PENN), Wynn Resorts (WYNN), Churchill Downs (CHDN), Advanced Drainage Systems (WMS), Boyd Gaming (BYD), Scientific Games (SGMS), International Game Technology (IGT) and Monarch Casino & Resort (MCRI).
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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).

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

MGM Resorts International's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.76%), State Street Corp (3.64%), SRS Investment Management LLC (1.77%), Orbis Allan Gray Ltd (1.71%), Southeastern Asset Management Inc. TN (1.00%) and Morgan Stanley (0.84%). 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, Rose Mckinney-James and William Hornbuckle.
View institutional ownership trends for MGM Resorts International.

MGM stock was sold by a variety of institutional investors in the last quarter, including SRS Investment Management LLC, BlackRock Inc., State Street Corp, Pendal Group Limited, State of Tennessee Treasury Department, Janney Montgomery Scott LLC, State of Alaska Department of Revenue, and Principal Financial Group Inc.. 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.

MGM stock was acquired by a variety of institutional investors in the last quarter, including Orbis Allan Gray Ltd, Southeastern Asset Management Inc. TN, Morgan Stanley, Provident Investment Management Inc., American Assets Capital Advisers LLC, Charles Schwab Investment Management Inc., UBS Asset Management Americas Inc., and JS Capital 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, Mary Christine Gay, Paul J Salem, and William Hornbuckle.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of MGM stock can currently be purchased for approximately $27.96.

MGM Resorts International has a market capitalization of $13.81 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.

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

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]