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

$11.53
-0.66 (-5.41 %)
(As of 03/30/2020 04:00 PM ET)
Today's Range
$10.50
Now: $11.53
$12.37
50-Day Range
$7.14
MA: $22.77
$33.66
52-Week Range
$5.90
Now: $11.53
$34.63
Volume32.80 million shs
Average Volume35.40 million shs
Market Capitalization$5.68 billion
P/E Ratio2.91
Dividend Yield4.92%
Beta1.57
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.
Read More
MGM Resorts International logo

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.90 billion
Cash Flow$3.18 per share
Book Value$24.28 per share

Profitability

Net Income$2.05 billion

Miscellaneous

Employees52,000
Market Cap$5.68 billion
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGM stock has decreased by 36.2% and is now trading at $11.53. View which stocks have been mosted impacted by Coronavirus.

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 1 sell rating, 7 hold ratings and 4 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 Monday, May 4th 2020. View our earnings forecast for MGM Resorts International.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) posted its quarterly earnings results on Wednesday, February, 12th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by $0.16. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.21 billion. MGM Resorts International had a net margin of 15.89% and a return on equity of 3.50%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share. 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 announced a quarterly dividend on Wednesday, February 12th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.15 per share on Monday, March 16th. This represents a $0.60 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date is Monday, March 9th. This is a boost from MGM Resorts International's previous quarterly dividend of $0.13. View MGM Resorts International's dividend history.

How will MGM Resorts International's stock buyback program work?

MGM Resorts International announced that its board has approved a share repurchase plan 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 repurchase up to 10.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

What price target have analysts set for MGM?

12 equities research analysts have issued 12-month price targets for MGM Resorts International's shares. Their forecasts range from $10.00 to $40.00. On average, they anticipate MGM Resorts International's stock price to reach $28.90 in the next year. This suggests a possible upside of 150.7% from the stock's current price. View analysts' price targets for MGM Resorts International.

Has MGM Resorts International been receiving favorable news coverage?

Media coverage about MGM stock has trended negative recently, according to InfoTrie. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. MGM Resorts International earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutMGM Resorts International.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 82,318,700 shares, an increase of 239.0% from the February 27th total of 24,280,000 shares. Based on an average daily volume of 7,960,000 shares, the short-interest ratio is presently 10.3 days. Approximately 16.8% of the shares of the stock are sold short. View MGM Resorts International's Current Options Chain.

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 Alibaba Group (BABA), CA (CA), Wynn Resorts (WYNN), Intel (INTC), Las Vegas Sands (LVS), Micron Technology (MU), Bank of America (BAC), Walt Disney (DIS), AT&T (T) and Netflix (NFLX).

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 a number of retail and institutional investors. Top institutional shareholders include Capital World Investors (5.98%), State Street Corp (4.04%), Geode Capital Management LLC (1.78%), Canyon Capital Advisors LLC (1.52%), Bank of New York Mellon Corp (1.51%) and Renaissance Technologies LLC (1.11%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Daniel D'arrigo, James Murren, Keith A Meister, Mary Christine Gay, Paul J Salem, Phyllis James and Rose Mckinney-James. 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 Point72 Asset Management L.P., Canyon Capital Advisors LLC, Barrow Hanley Mewhinney & Strauss LLC, Maverick Capital Ltd., Capital World Investors, Jennison Associates LLC, TD Asset Management Inc., and Bridger Management LLC. 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 Norges Bank, FMR LLC, Bank of Montreal Can, Renaissance Technologies LLC, Nuveen Asset Management LLC, Capital Research Global Investors, Man Group plc, and Bank of New York Mellon Corp. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Keith A Meister, Mary Christine Gay, and Paul J Salem. 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 $11.53.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $5.68 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. View additional information about MGM Resorts International.

What is MGM Resorts International's official website?

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


MarketBeat Community Rating for MGM Resorts International (NYSE MGM)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  1,185 (Vote Outperform)
Underperform Votes:  612 (Vote Underperform)
Total Votes:  1,797
MarketBeat's community ratings are surveys of what our community members think about MGM Resorts International and other stocks. Vote "Outperform" if you believe MGM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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