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NYSE:MGM

MGM Resorts International Stock Forecast, Price & News

$27.96
+1.81 (+6.92 %)
(As of 11/24/2020 01:16 PM ET)
Add
Compare
Today's Range
$26.55
Now: $27.96
$28.07
50-Day Range
$20.10
MA: $22.72
$27.24
52-Week Range
$5.90
Now: $27.96
$34.63
Volume424,437 shs
Average Volume20.07 million shs
Market Capitalization$13.81 billion
P/E Ratio9.99
Dividend Yield0.04%
Beta2.28
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 March 22, 2020, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts, 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.
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MGM Resorts International logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.9Community Rank: 3.2Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.90 out of 5 stars


Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
CUSIP55295310
Phone702-693-7120
Employees52,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.90 billion
Cash Flow$4.38 per share
Book Value$23.72 per share

Profitability

Net Income$2.05 billion

Miscellaneous

Market Cap$13.81 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$27.96
+1.81 (+6.92 %)
(As of 11/24/2020 01:16 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGM Resorts International (NYSE:MGM) Frequently Asked Questions

How has MGM Resorts International's stock been impacted by Coronavirus?

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MGM shares have increased by 54.6% and is now trading at $27.96.
View which stocks have been most impacted by COVID-19
.

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

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 4 sell ratings, 11 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for MGM Resorts International
.

What stocks does MarketBeat like better than MGM Resorts International?

Wall Street analysts have given MGM Resorts International a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MGM Resorts International wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
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 Thursday, October, 29th. The company reported ($1.08) EPS for the quarter, topping the Zacks' consensus estimate of ($1.10) by $0.02. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.30 billion. MGM Resorts International had a net margin of 20.81% and a negative return on equity of 12.08%. The company's quarterly revenue was down 66.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 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 declared a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, December 10th will be paid a dividend of $0.0025 per share on Tuesday, December 15th. This represents a $0.01 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, December 9th.
View MGM Resorts International's dividend history
.

What price target have analysts set for MGM?

16 Wall Street analysts have issued 12 month price objectives for MGM Resorts International's shares. Their forecasts range from $10.00 to $30.00. On average, they expect MGM Resorts International's share price to reach $19.27 in the next year. This suggests that the stock has a possible downside of 31.1%.
View analysts' price targets for MGM Resorts International
.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a drop in short interest in October. As of October 30th, there was short interest totaling 34,390,000 shares, a drop of 14.4% from the October 15th total of 40,170,000 shares. Based on an average daily trading volume, of 13,320,000 shares, the short-interest ratio is presently 2.6 days. Approximately 8.0% of the shares of the stock are short sold.
View MGM Resorts International's Short Interest
.

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

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 62, Pay $3.54M)
  • Mr. Corey Ian Sanders, CFO & Treasurer (Age 56, Pay $3.14M)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 53, Pay $1.78M)
  • Mr. Atif Rafiq, Pres of Commercial & Growth (Age 47, Pay $3.02M)
  • Mr. Robert C. Selwood, Exec. VP & Chief Accounting Officer (Age 64)
  • Ms. Catherine Park, Exec. Director of Investor Relations
  • Ms. Debra DeShong, Sr. VP of Global Corp. Communications, Communications & Global Industry Affairs
  • Ms. Ann C. Hoff, Chief Marketing Officer
  • Ms. Laura Lee, Sr. VP of HR
  • Mr. Alan M. Feldman, Exec. VP of Global Gov. & Industry Affairs (Age 61)

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.76%), State Street Corp (3.64%), SRS Investment Management LLC (1.77%), Orbis Allan Gray Ltd (1.71%), Southeastern Asset Management Inc. TN (1.00%) and Morgan Stanley (0.84%). Company insiders that own MGM Resorts International stock include Atif Rafiq, Corey Ian Sanders, Daniel J Taylor, Gregory M Spierkel, James Murren, John Mcmanus, Keith A Meister, Mary Christine Gay, Paul J Salem, Rose Mckinney-James and William Hornbuckle.
View institutional ownership trends for MGM Resorts International
.

Which major investors are selling MGM Resorts International stock?

MGM stock was sold by a variety of institutional investors in the last quarter, including SRS Investment Management LLC, BlackRock Inc., State Street Corp, Pendal Group Limited, State of Tennessee Treasury Department, Janney Montgomery Scott LLC, State of Alaska Department of Revenue, and Principal Financial Group Inc.. Company insiders that have sold MGM Resorts International company stock in the last year include Daniel J Taylor, James Murren, and John Mcmanus.
View insider buying and selling activity for MGM Resorts International
.

Which major investors are buying MGM Resorts International stock?

MGM stock was acquired by a variety of institutional investors in the last quarter, including Orbis Allan Gray Ltd, Southeastern Asset Management Inc. TN, Morgan Stanley, Provident Investment Management Inc., American Assets Capital Advisers LLC, Charles Schwab Investment Management Inc., UBS Asset Management Americas Inc., and JS Capital Management LLC. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Corey Ian Sanders, Gregory M Spierkel, Keith A Meister, Mary Christine Gay, Paul J Salem, and William Hornbuckle.
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 $27.96.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $13.81 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.

What is MGM Resorts International's official website?

The official website for MGM Resorts International is 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]

This page was last updated on 11/24/2020 by MarketBeat.com Staff

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