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NYSE:MGM

MGM Resorts International Stock Forecast, Price & News

$30.27
+0.27 (+0.90%)
(As of 07/5/2022 02:39 PM ET)
Add
Compare
Today's Range
$28.78
▼
$30.38
50-Day Range
$27.17
▼
$42.11
52-Week Range
$26.41
▼
$51.17
Volume
266,356 shs
Average Volume
6.44 million shs
Market Capitalization
$12.90 billion
P/E Ratio
9.83
Dividend Yield
0.03%
Price Target
$52.99

MGM Resorts International MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
77.4% Upside
$52.99 Price Target
Short Interest
Healthy
3.62% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
0.04mentions of MGM Resorts International in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$1.11 M Bought Last Quarter
Proj. Earnings Growth
84.04%
From $0.94 to $1.73 Per Share

Overall MarketRank™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.85 out of 5 stars

Consumer Discretionary Sector

12th out of 406 stocks

Hotels & Motels Industry

2nd out of 35 stocks

See Top Rated MarketRank™ Stocks Here
View Price History Chart DataSkip Price History Chart
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MGM Resorts International logo

About MGM Resorts International (NYSE:MGM) Stock

MGM Resorts International, through its subsidiaries, owns and operates 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 and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts 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 incorporated in 1986 and is based in Las Vegas, Nevada.

MGM Stock News Headlines

July 1, 2022 | marketbeat.com
Last-minute deal averts casino strike in Atlantic City
The main union for Atlantic City casino workers has reached agreements on new contracts with four casinos, avoiding a threatened strike
June 30, 2022 | marketbeat.com
4 Atlantic City casinos reach deal with union, avert strike
The main union for Atlantic City casino workers reached agreements on new contracts with four casinos
July 5, 2022 | Investing Trends (Ad)
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing
The White House is scared of our country's lithium supply running out. That's why Biden issued executive order 14017 to figure out how to expand our lithium production. And this is GREAT news for one company who's gobbling up land in the lithium-rich Nevada desert.
June 30, 2022 | marketbeat.com
Borgata settles; strike looms for 4 Atlantic City casinos
Atlantic City’s top-performing casino, the Borgata, reached a tentative agreement on a new contract with the city’s main casino workers’ union Thursday evening, avoiding a strike during one of the busiest weekends of the year
June 30, 2022 | marketbeat.com
Friday strike deadline looms for 4 Atlantic City casinos
Union negotiators and casino management are trying to reach new contracts that would avoid a costly and disruptive strike during one of Atlantic City’s busiest weekends
June 10, 2022 | marketbeat.com
DocuSign, Stitch Fix fall; Newmont, Kellogg rise
Stocks that traded heavily or had substantial price changes Friday: DocuSign, Stitch Fix fall; Newmont, Kellogg rise
June 8, 2022 | marketbeat.com
Union: 4 Atlantic City casinos not cleaning rooms daily
A union representing housekeeping workers at Atlantic City’s casinos says four of the resorts are not complying with a COVID-related requirement that hotel rooms be cleaned daily
July 3, 2022 | msn.com
Las Vegas Strip Venue Abruptly Shuts Down With No Warning
July 5, 2022 | Investing Trends (Ad)
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing
The White House is scared of our country's lithium supply running out. That's why Biden issued executive order 14017 to figure out how to expand our lithium production. And this is GREAT news for one company who's gobbling up land in the lithium-rich Nevada desert.
July 2, 2022 | msn.com
Unique New Casino Resort Coming to the Las Vegas Strip
July 1, 2022 | finance.yahoo.com
Atlantic City Casino Workers Seal Labor Pacts With MGM, Caesars
July 1, 2022 | msn.com
Atlantic City avoids casino strike with last-minute deal
June 29, 2022 | markets.businessinsider.com
MGM REWARDS LAUNCHES 'WILD' LAS VEGAS SCAVENGER HUNT GIVING PARTICIPANTS A CHANCE TO WIN ONE OF 100 MAJOR PRIZES, INCLUDING PRIVATE FLIGHT WITH USHER
June 29, 2022 | thestreet.com
MLB Clears the Way for A's Las Vegas Strip Move
June 29, 2022 | americanbankingnews.com
MGM Resorts International (NYSE:MGM) Receives New Coverage from Analysts at JMP Securities
June 28, 2022 | msn.com
MGM Resorts' (MGM) BetMGM Expands Partnership With BetQL Network
June 28, 2022 | benzinga.com
Why MGM Resorts Stock Is Trading Higher Today
June 26, 2022 | americanbankingnews.com
MGM Resorts International (NYSE:MGM) Receives Average Recommendation of "Moderate Buy" from Brokerages
June 23, 2022 | msn.com
21 things to know before staying at the MGM Grand in Las Vegas
June 23, 2022 | finance.yahoo.com
Cherokee Nation Entertainment views Gold Strike as 'crown jewel' gaming and hospitality property
June 21, 2022 | finance.yahoo.com
A Las Vegas Strip Icon (and an Iconic Casino) Near Their Final Days
June 21, 2022 | nasdaq.com
What's Happening With MGM Resorts Stock?
June 20, 2022 | finance.yahoo.com
MGM Resorts' (MGM) BetMGM Partners Carnival for Sport Betting
June 20, 2022 | seekingalpha.com
MGM Resorts International's (MGM) Management Presents at Jefferies Global Consumer Conference (Transcript)
June 18, 2022 | finance.yahoo.com
Another Huge Las Vegas Strip Casino/Hotel Project Moves Closer
June 17, 2022 | marketwatch.com
ADRs End Mixed; Carnival Trades Actively
June 17, 2022 | msn.com
Iconic Las Vegas Casino Getting Huge Makeover
See More Headlines

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Sector
Consumer Discretionary
Current Symbol
NYSE:MGM
CUSIP
55295310
CIK
789570
Web
www.mgmresorts.com
Phone
(702) 693-7120
Fax
702-693-8626
Employees
69,000
Year Founded
1986

Company Calendar

Last Earnings
5/02/2022
Ex-Dividend for 6/15 Dividend
6/09/2022
Dividend Payable
6/15/2022
Today
7/05/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$52.99
High Stock Price Forecast
$76.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+75.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.5625
Research Coverage
16 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.08
Trailing P/E Ratio
9.83
Forward P/E Ratio
32.20
P/E Growth
N/A
Net Income
$1.25 billion
Net Margins
14.40%
Pretax Margin
16.73%
Return on Equity
0.81%
Return on Assets
0.22%

Debt

Debt-to-Equity Ratio
1.06
Current Ratio
1.25
Quick Ratio
1.23

Sales & Book Value

Annual Sales
$9.68 billion
Price / Sales
1.33
Cash Flow
$2.03 per share
Price / Cash Flow
14.90
Book Value
$23.41 per share
Price / Book
1.29

Miscellaneous

Outstanding Shares
426,050,000
Free Float
416,977,000
Market Cap
$12.90 billion
Optionable
Optionable
Beta
2.17

Social Links















MGM Resorts International Frequently Asked Questions

Should I buy or sell MGM Resorts International stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MGM Resorts International stock.
View analyst ratings for MGM Resorts International or view top-rated stocks.

What is MGM Resorts International's stock price forecast for 2022?

16 equities research analysts have issued 12-month price targets for MGM Resorts International's shares. Their MGM stock forecasts range from $40.00 to $76.00. On average, they predict MGM Resorts International's share price to reach $52.99 in the next year. This suggests a possible upside of 75.1% from the stock's current price.
View analysts' price targets for MGM Resorts International or view top-rated stocks among Wall Street analysts.

How has MGM Resorts International's stock price performed in 2022?

MGM Resorts International's stock was trading at $44.88 at the beginning of the year. Since then, MGM shares have decreased by 32.6% and is now trading at $30.27.
View the best growth stocks for 2022 here.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
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 Monday, May, 2nd. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.10. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.75 billion. MGM Resorts International had a net margin of 14.40% and a trailing twelve-month return on equity of 0.81%. During the same quarter in the previous year, the firm posted ($0.68) EPS.
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 Monday, May 2nd. Stockholders of record on Friday, June 10th will be given a dividend of $0.0025 per share on Wednesday, June 15th. This represents a $0.01 annualized dividend and a yield of 0.03%. The ex-dividend date is Thursday, June 9th.
View MGM Resorts International's dividend history.

Is MGM Resorts International a good dividend stock?

MGM Resorts International(NYSE:MGM) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.03%. The dividend payout ratio of MGM Resorts International is 0.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGM Resorts International will have a dividend payout ratio of 0.58% next year. This indicates that MGM Resorts International will be able to sustain or increase its dividend.
View MGM Resorts International's dividend history.

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the following people:
  • Mr. William Joseph Hornbuckle IV, Pres, CEO & Director (Age 64, Pay $5.27M)
  • Mr. Jonathan S. Halkyard, CFO & Treasurer (Age 57, Pay $2.86M)
  • Mr. Corey Ian Sanders, Chief Operating Officer (Age 58, Pay $3.09M) (LinkedIn Profile)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 55, Pay $1.86M)
  • Mr. Tilak Mandadi, Exec. Officer (Age 58, Pay $2.47M)
  • Mr. Todd R. Meinert, Sr. VP & Chief Accounting Officer (Age 47) (LinkedIn Profile)
  • Ms. Catherine Park, Exec. Director of Investor Relations
  • Andrew Chapman, Director of Investor Relations
  • Mr. Jeff Mochal, Sr. VP of Corp. Communications
  • Mr. Alan M. Feldman, Exec. VP of Global Gov. & Industry Affairs (Age 63)

What is Bill Hornbuckle's approval rating as MGM Resorts International's CEO?

83 employees have rated MGM Resorts International CEO Bill Hornbuckle on Glassdoor.com. Bill Hornbuckle has an approval rating of 65% among MGM Resorts International's employees.

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 Walt Disney (DIS), Bank of America (BAC), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Boeing (BA), Las Vegas Sands (LVS), Intel (INTC) and AT&T (t).

What is MGM Resorts International's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $30.27.

How much money does MGM Resorts International make?

MGM Resorts International (NYSE:MGM) has a market capitalization of $12.90 billion and generates $9.68 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $3.08 on an earnings per share basis.

How many employees does MGM Resorts International have?

MGM Resorts International employs 69,000 workers across the globe.

Does MGM Resorts International have any subsidiaries?

The following companies are subsidiares of MGM Resorts International: 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, Aria Resort & Casino LLC, Beau Rivage Resorts LLC, Bellagio LLC, Blue Tarp reDevelopment LLC, Borgata Hotel Casino and Spa, Boru Merger Sub I LLC, Cedar Downs OTB LLC, Circus Circus Casinos Inc., CityCenter Facilities Management LLC, CityCenter Realty Corporation, CityCenter Retail Holdings Management LLC, Destron Inc., Grand Garden Arena Management LLC, Grand Laundry Inc., LV Concrete Corp., Las Vegas Arena Management LLC, Las Vegas Basketball Ventures LLC, MAC CORP., MGM (Beijing) Hospitality Services Co. Ltd., MGM Asia Pacific Limited, MGM Branding and Development Holdings Ltd., MGM CC LLC, MGM China Holdings Ltd., MGM Dev LLC, MGM Development Services Limited, MGM Elgin Sub Inc., MGM Finance Corp., MGM Grand (International) Pte Ltd., MGM Grand Condominiums LLC, MGM Grand Condominiums II LLC, MGM Grand Condominiums III LLC, MGM Grand Detroit Inc., MGM Grand Detroit LLC, MGM Grand Hotel LLC, MGM Growth Properties LLC, MGM Growth Properties OP GP LLC, MGM Growth Properties Operating Partnership LP, MGM Hospitality Development LLC, MGM Hospitality Global LLC, MGM Hospitality Holdings LLC, MGM Hospitality India Private Ltd., MGM Hospitality International GP Ltd., MGM Hospitality International Holdings Ltd., MGM Hospitality International LP, MGM Hospitality LLC, MGM International LLC, MGM Lessee LLC, MGM MA Sub LLC, MGM National Harbor LLC, MGM Public Policy LLC, MGM Resorts Advertising Inc., MGM Resorts Arena Holdings LLC, MGM Resorts Aviation Corp., MGM Resorts Corporate Services, MGM Resorts Design & Development, MGM Resorts Development LLC, MGM Resorts Festival Grounds II LLC, MGM Resorts Festival Grounds LLC, MGM Resorts Global Development LLC, MGM Resorts Interactive LLC, MGM Resorts International Holdings Ltd., MGM Resorts International Marketing Inc., MGM Resorts International Marketing Ltd., MGM Resorts International Operations Inc., MGM Resorts Japan LLC, MGM Resorts Land Holdings LLC, MGM Resorts Manufacturing Corp., MGM Resorts Mississippi LLC, MGM Resorts Regional Operations LLC, MGM Resorts Retail, MGM Resorts Satellite LLC, MGM Resorts Sub 1 LLC, MGM Resorts Sub B LLC, MGM Resorts Venue Management LLC, MGM Resorts West Japan LLC, MGM Sports & Interactive Gaming LLC, MGM Springfield reDevelopment LLC, MGM Yonkers Inc., MGMM Insurance Company, MGP Finance Co-Issuer Inc., MGP Lessor Holdings LLC, MGP Lessor LLC, MGP OH Inc., MGP Yonkers Realty Sub LLC, MH Inc., MMNY Land Company Inc., Mandalay Bay LLC, Mandalay Employment LLC, Mandalay Place LLC, Mandalay Resort Group, Marina District Development Company LLC, Marina District Development Holding Co. LLC, Mercantile Merger Sub I LLC, Metropolitan Marketing LLC, Mirage Laundry Services Corp., Mirage Resorts LLC, NH Cigars LLC, New Castle LLC, New York-New York Hotel & Casino LLC, New York-New York Tower LLC, Northfield Park Associates LLC, PRMA LLC, PRMA Land Development Company, Park District Holdings LLC, Park Theater LLC, Project CC LLC, Ramparts LLC, San Antonio Starts, Signature Tower 2 LLC, Signature Tower 3 LLC, Signature Tower I LLC, The Mirage Casino-Hotel LLC, The Signature Condominiums LLC, Tower B LLC, Tower C LLC, Turnberry/MGM Grand Tower B LLC, Turnberry/MGM Grand Tower C LLC, Turnberry/MGM Grand Towers LLC, Vdara Condo Hotel LLC, Vendido LLC, Victoria Partners, VidiAd, Vintage Land Holdings II LLC, and Vintage Land Holdings LLC.
Read More

When was MGM Resorts International founded?

MGM Resorts International was founded in 1986.

How can I contact MGM Resorts International?

MGM Resorts International's mailing address is 3600 LAS VEGAS BLVD SOUTH, LAS VEGAS NV, 89109. The official website for MGM Resorts International is www.mgmresorts.com. The company can be reached via phone at (702) 693-7120, via email at ir@mgmresorts.com, or via fax at 702-693-8626.

This page (NYSE:MGM) was last updated on 7/5/2022 by MarketBeat.com Staff

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