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 announced a quarterly dividend on Wednesday, April 25th. Shareholders of record on Friday, June 8th will be given a dividend of $0.12 per share on Friday, June 15th. This represents a $0.48 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, June 7th. View MGM Resorts International's Dividend History.

MGM Resorts International announced that its Board of Directors has authorized a share repurchase program on Thursday, May 10th 2018, which authorizes the company to buyback $2,000,000,000.00 in outstanding 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 programs are usually a sign that the company's board believes its stock is undervalued.

MGM Resorts International (NYSE:MGM) released its quarterly earnings data on Thursday, April, 26th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by $0.02. The business had revenue of $2.82 billion for the quarter, compared to analysts' expectations of $2.82 billion. MGM Resorts International had a return on equity of 5.45% and a net margin of 17.88%. MGM Resorts International's revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for MGM Resorts International.

14 Wall Street analysts have issued twelve-month target prices for MGM Resorts International's stock. Their predictions range from $33.00 to $44.00. On average, they anticipate MGM Resorts International's stock price to reach $38.2143 in the next year. This suggests a possible upside of 22.8% from the stock's current price. View Analyst Ratings for MGM Resorts International.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

MGM Resorts International saw a decline in short interest in June. As of June 29th, there was short interest totalling 18,667,682 shares, a decline of 24.1% from the June 15th total of 24,607,749 shares. Based on an average daily trading volume, of 10,375,171 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.7% of the company's shares are short sold. 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 Co. Common Stock (HLT), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), Wyndham Worldwide (WYN), Hyatt Hotels (H), Caesars Entertainment Co. Common Stock (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Boyd Gaming (BYD) and Red Rock Resorts (RRR).

News coverage about MGM stock has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MGM Resorts International earned a daily sentiment score of 0.21 on Accern's scale. They also assigned media coverage about the company an impact score of 46.14 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

MGM Resorts International's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Selz Capital LLC (0.11%), Gateway Investment Advisers LLC (0.08%), Bank of Montreal Can (0.04%), NN Investment Partners Holdings N.V. (0.03%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%) and State of Alaska Department of Revenue (0.02%). 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 Bank of Montreal Can, CenturyLink Investment Management Co and Gateway Investment Advisers LLC. 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 acquired by a variety of institutional investors in the last quarter, including Selz Capital LLC, State of Alaska Department of Revenue, Fjarde AP Fonden Fourth Swedish National Pension Fund, Ironsides Asset Advisors LLC, NN Investment Partners Holdings N.V., Xact Kapitalforvaltning AB, DnB Asset Management AS and IFM Investors Pty Ltd. 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 $31.12.

MGM Resorts International has a market capitalization of $17.23 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]