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 declared a quarterly dividend on Wednesday, April 25th. Stockholders 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 1.58%. The ex-dividend date of this dividend is Thursday, June 7th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its Board of Directors has approved a stock repurchase 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 buy up to 10.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) posted its earnings results on Thursday, April, 26th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.02. The firm had revenue of $2.82 billion for 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 firm's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm 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, July, 26th 2018. View Earnings Estimates for MGM Resorts International.

13 equities research analysts have issued 12-month price targets for MGM Resorts International's stock. Their forecasts range from $33.00 to $44.00. On average, they expect MGM Resorts International's stock price to reach $38.0769 in the next twelve months. View Analyst Ratings for MGM Resorts International.

MGM Resorts International saw a increase in short interest in May. As of May 15th, there was short interest totalling 23,826,566 shares, an increase of 17.8% from the April 30th total of 20,227,767 shares. Based on an average daily volume of 11,200,043 shares, the short-interest ratio is currently 2.1 days. Approximately 4.7% of the shares of the company 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 Worldwide (HLT), Wynn Resorts (WYNN), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Wyndham Worldwide (WYN), Hyatt Hotels (H), Caesars Entertainment Co. Common Stock (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Extended Stay America (STAY) and Boyd Gaming (BYD).

Headlines about MGM stock have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MGM Resorts International earned a news impact score of 0.10 on Accern's scale. They also assigned news coverage about the company an impact score of 46.17 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.32%), Canyon Capital Advisors LLC (3.47%), Canyon Capital Advisors LLC (3.47%), Dimensional Fund Advisors LP (0.98%), Northern Trust Corp (0.90%) and Iridian Asset Management LLC CT (0.86%). 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 Russell Investments Group Ltd., State of New Jersey Common Pension Fund D, American Century Companies Inc., Rubric Capital Management LP, KBC Group NV, Iridian Asset Management LLC CT, Swiss National Bank and Honeywell International Inc.. 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 bought by a variety of institutional investors in the last quarter, including State of Tennessee Treasury Department, Gamco Investors INC. ET AL, Toronto Dominion Bank, Mackay Shields LLC, Eagle Asset Management Inc., Carillon Tower Advisers Inc., Polar Asset Management Partners Inc. and BlackRock Inc.. 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 $30.31.

MGM Resorts International has a market capitalization of $16.65 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]