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

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

MGM Resorts International announced a quarterly dividend on Thursday, February 14th. Stockholders of record on Friday, March 8th will be given a dividend of $0.13 per share on Friday, March 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, March 7th. This is a positive change from MGM Resorts International's previous quarterly dividend of $0.12. View MGM Resorts International's Dividend History.

MGM Resorts International announced that its board has authorized 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 repurchase up to 10.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) released its earnings results on Wednesday, February, 13th. The company reported $0.14 EPS for the quarter, beating the Zacks' consensus estimate of $0.13 by $0.01. The company earned $3.05 billion during the quarter, compared to analysts' expectations of $3.01 billion. MGM Resorts International had a return on equity of 5.23% and a net margin of 3.96%. MGM Resorts International's revenue was up 17.6% on a year-over-year basis. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for MGM Resorts International.

MGM Resorts International will be holding an earnings conference call on Monday, April 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883176003.

11 brokers have issued 12-month price objectives for MGM Resorts International's stock. Their predictions range from $30.00 to $39.00. On average, they anticipate MGM Resorts International's share price to reach $33.7778 in the next year. This suggests a possible upside of 21.7% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MGM Resorts International.

News stories about MGM stock have trended somewhat positive on Friday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. MGM Resorts International earned a news impact score of 1.8 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the next few days.

MGM Resorts International saw a drop in short interest in April. As of April 15th, there was short interest totalling 14,358,783 shares, a drop of 19.5% from the March 29th total of 17,838,593 shares. Based on an average daily trading volume, of 5,480,212 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.8% of the shares of the stock are sold short. 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 (HLT), Wynn Resorts (WYNN), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Hyatt Hotels (H), Caesars Entertainment (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Eldorado Resorts (ERI), Boyd Gaming (BYD) and Extended Stay America (STAY).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Resorts International investors own include CA (CA), Micron Technology (MU), BlackRock (BLK), Wynn Resorts (WYNN), Alibaba Group (BABA), Intel (INTC), Bank of America (BAC), Las Vegas Sands (LVS), Chipotle Mexican Grill (CMG) and Allergan (AGN).

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Calamos Advisors LLC (0.32%), Gateway Investment Advisers LLC (0.08%), Retirement Systems of Alabama (0.04%), Selz Capital LLC (0.03%), State of Alaska Department of Revenue (0.02%) and Osborne Partners Capital Management LLC (0.02%). 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.

MGM stock was sold by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Selz Capital LLC, Creative Planning, Virtu Financial LLC, DNB Asset Management AS, Bell Rock Capital LLC, New Mexico Educational Retirement Board and Gateway Investment Advisers LLC. Company insiders that have sold MGM Resorts International company stock in the last year include Alexis Herman, Daniel D'arrigo, Mary Christine Gay, Phyllis James and Rose Mckinney-James. View Insider Buying and Selling for MGM Resorts International.

MGM stock was purchased by a variety of institutional investors in the last quarter, including Hollencrest Capital Management, Mercer Global Advisors Inc. ADV, Mercer Global Advisors Inc. ADV, Osborne Partners Capital Management LLC, Sciencast Management LP, Jolley Asset Management LLC, Sippican Capital Advisors and Calamos Wealth Management LLC. Company insiders that have bought MGM Resorts International stock in the last two years include Joness Lang, Mary Christine Gay, 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 $27.75.

MGM Resorts International has a market capitalization of $14.90 billion and generates $11.76 billion in revenue each year. The company earns $445.45 million in net income (profit) each year or $0.99 on an earnings per share basis. MGM Resorts International employs 72,000 workers across the globe.

The official website for MGM Resorts International is http://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]