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 dividend yield of 1.55%. The ex-dividend date is Thursday, June 7th. View MGM Resorts International's Dividend History.

MGM Resorts International announced that its Board of Directors has initiated a share repurchase program 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 buy up to 10.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) issued its quarterly earnings results on Thursday, April, 26th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by $0.02. The firm 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%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. 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 analysts have issued twelve-month price objectives for MGM Resorts International's shares. Their forecasts range from $33.00 to $44.00. On average, they expect MGM Resorts International's stock price to reach $38.2143 in the next year. This suggests a possible upside of 23.5% 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 in 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 volume of 10,375,171 shares, the short-interest ratio is presently 1.8 days. Approximately 3.7% of the shares of the company 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), InterContinental Hotels Group (IHG), Melco Resorts & Entertainment (MLCO), 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 Red Rock Resorts (RRR).

Media headlines about MGM stock have trended positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. 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 media sentiment score of 0.28 on Accern's scale. They also assigned news coverage about the company an impact score of 45.74 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.08%), NN Investment Partners Holdings N.V. (0.03%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%), State of Alaska Department of Revenue (0.02%), Xact Kapitalforvaltning AB (0.01%) and DnB Asset Management AS (0.01%). 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 CenturyLink Investment Management Co 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 purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Fjarde AP Fonden Fourth Swedish National Pension Fund, Ironsides Asset Advisors LLC, NN Investment Partners Holdings N.V., Xact Kapitalforvaltning AB, DnB Asset Management AS, IFM Investors Pty Ltd and CENTRAL TRUST Co. 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 $30.95.

MGM Resorts International has a market capitalization of $17.23 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]