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NYSE:MGMMGM Resorts International Stock Price, Forecast & News

$20.97
-0.53 (-2.47 %)
(As of 08/12/2020 01:57 PM ET)
Add
Compare
Today's Range
$20.69
Now: $20.97
$22.05
50-Day Range
$14.96
MA: $16.74
$21.65
52-Week Range
$5.90
Now: $20.97
$34.63
Volume957,611 shs
Average Volume23.49 million shs
Market Capitalization$10.34 billion
P/E Ratio5.52
Dividend Yield0.05%
Beta2.12
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 February 27, 2019, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Shadow Creek golf course, 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.
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MGM Resorts International logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 3.3Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
CUSIP55295310
Phone702-693-7120

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.90 billion
Cash Flow$3.70 per share
Book Value$24.28 per share

Profitability

Net Income$2.05 billion

Miscellaneous

Employees52,000
Market Cap$10.34 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$20.97
-0.53 (-2.47 %)
(As of 08/12/2020 01:57 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGM Resorts International (NYSE:MGM) Frequently Asked Questions

How has MGM Resorts International's stock been impacted by COVID-19 (Coronavirus)?

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. Since then, MGM shares have increased by 14.8% and is now trading at $20.75.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of MGM Resorts International?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 2 sell ratings, 11 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for MGM Resorts International
.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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 Thursday, July, 30th. The company reported ($1.52) EPS for the quarter, topping the Zacks' consensus estimate of ($1.65) by $0.13. The firm earned $289.81 million during the quarter, compared to the consensus estimate of $442.57 million. MGM Resorts International had a net margin of 21.28% and a negative return on equity of 6.64%.
View MGM Resorts International's earnings history
.

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 Thursday, July 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.0025 per share on Tuesday, September 15th. This represents a $0.01 annualized dividend and a yield of 0.05%. The ex-dividend date is Wednesday, September 9th. This is a positive change from MGM Resorts International's previous quarterly dividend of $0.00.
View MGM Resorts International's dividend history
.

What price target have analysts set for MGM?

15 analysts have issued 1-year price targets for MGM Resorts International's stock. Their forecasts range from $10.00 to $40.00. On average, they anticipate MGM Resorts International's stock price to reach $18.92 in the next twelve months. This suggests that the stock has a possible downside of 8.8%.
View analysts' price targets for MGM Resorts International
.

Has MGM Resorts International been receiving favorable news coverage?

News stories about MGM stock have been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MGM Resorts International earned a coverage optimism score of -2.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near future.
View the latest news about MGM Resorts International
.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a increase in short interest in January. As of January 31st, there was short interest totaling 10,910,000 shares, an increase of 21.5% from the January 15th total of 8,980,000 shares. Based on an average daily trading volume, of 4,600,000 shares, the short-interest ratio is presently 2.4 days. Approximately 2.1% of the shares of the stock are sold short.
View MGM Resorts International's Short Interest
.

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 Bank of America (BAC), Walt Disney (DIS), Delta Air Lines (DAL), AT&T (T), Alibaba Group (BABA), Boeing (BA), Las Vegas Sands (LVS), Wynn Resorts (WYNN), NVIDIA (NVDA) and Carnival (CCL).

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the following people:
  • Mr. James Joseph Murren, Chairman & CEO (Age 57)
  • Mr. William Joseph Hornbuckle IV, Pres & COO (Age 61)
  • Mr. Corey Ian Sanders, CFO & Treasurer (Age 55)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 52)
  • Mr. Robert C. Selwood, Exec. VP & Chief Accounting Officer (Age 63)

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 institutional and retail investors. Top institutional shareholders include Blue Harbour Group L.P. (0.86%), Sumitomo Mitsui Trust Holdings Inc. (0.43%), Swiss National Bank (0.38%), Hosking Partners LLP (0.36%), First Trust Advisors LP (0.30%) and California Public Employees Retirement System (0.21%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel D'arrigo, Gregory M Spierkel, James Murren, Keith A Meister, Mary Christine Gay, Paul J Salem, Phyllis James, Rose Mckinney-James and William Hornbuckle.
View institutional ownership trends for MGM Resorts International
.

Which institutional investors are selling MGM Resorts International stock?

MGM stock was sold by a variety of institutional investors in the last quarter, including Blue Harbour Group L.P., Calamos Advisors LLC, Sumitomo Mitsui Trust Holdings Inc., Public Employees Retirement Association of Colorado, Prudential Financial Inc., Candriam Luxembourg S.C.A., Aigen Investment Management LP, and Robeco Institutional Asset Management B.V.. Company insiders that have sold MGM Resorts International company stock in the last year include James Murren, Mary Christine Gay, and Rose Mckinney-James.
View insider buying and selling activity for MGM Resorts International
.

Which institutional investors are buying MGM Resorts International stock?

MGM stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Psagot Investment House Ltd., New England Investment & Retirement Group Inc., Janney Montgomery Scott LLC, Pendal Group Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Raymond James & Associates, and Duality Advisers LP. 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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $20.75.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $10.24 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.

What is MGM Resorts International's official website?

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

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 8/12/2020 by MarketBeat.com Staff

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