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

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$26.10 -0.55 (-2.06 %)
(As of 10/23/2018 04:23 AM ET)
Previous Close$26.65
Today's Range$26.08 - $26.98
52-Week Range$25.70 - $38.41
Volume5.89 million shs
Average Volume9.05 million shs
Market Capitalization$14.34 billion
P/E Ratio25.59
Dividend Yield1.76%
Beta1.4
MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China. The company operates through two segments, Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 14 resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves 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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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Hotels & motels
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
SymbolNYSE:MGM
CUSIP55295310
Phone702-693-7120

Debt

Debt-to-Equity Ratio1.25
Current Ratio0.68
Quick Ratio0.64

Price-To-Earnings

Trailing P/E Ratio25.59
Forward P/E Ratio22.50
P/E Growth4.38

Sales & Book Value

Annual Sales$10.77 billion
Price / Sales1.30
Cash Flow$2.8339 per share
Price / Cash9.21
Book Value$20.57 per share
Price / Book1.27

Profitability

EPS (Most Recent Fiscal Year)$1.02
Net Income$1.96 billion
Net Margins17.11%
Return on Equity5.07%
Return on Assets1.92%

Miscellaneous

Employees68,000
Outstanding Shares537,900,000
Market Cap$14.34 billion

MGM Resorts International (NYSE:MGM) Frequently Asked Questions

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 often does MGM Resorts International pay dividends? What is the dividend yield for MGM Resorts International?

MGM Resorts International announced a quarterly dividend on Friday, August 3rd. Stockholders of record on Monday, September 10th will be paid a dividend of $0.12 per share on Friday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, September 7th. View MGM Resorts International's Dividend History.

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

MGM Resorts International declared that its Board of Directors has approved a stock buyback plan on Thursday, May 10th 2018, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 10.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) posted its quarterly earnings data on Thursday, August, 2nd. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.97 billion. MGM Resorts International had a net margin of 17.11% and a return on equity of 5.07%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. View MGM Resorts International's Earnings History.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Tuesday, October 30th 2018. View Earnings Estimates for MGM Resorts International.

How can I listen to MGM Resorts International's earnings call?

MGM Resorts International will be holding an earnings conference call on Tuesday, October 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883176003.

What price target have analysts set for MGM?

13 brokers have issued 1-year price objectives for MGM Resorts International's stock. Their predictions range from $30.00 to $44.00. On average, they expect MGM Resorts International's share price to reach $36.0909 in the next year. This suggests a possible upside of 38.3% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

What is the consensus analysts' recommendation for MGM Resorts International?

13 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 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Resorts International.

Who are some of MGM Resorts International's key competitors?

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the folowing people:
  • Mr. James Joseph Murren, Chairman & CEO (Age 56)
  • Mr. William Joseph Hornbuckle IV, Pres (Age 60)
  • Mr. Daniel J. D'Arrigo, Exec. VP & CFO (Age 49)
  • Mr. Corey Ian Sanders, Chief Operating Officer (Age 54)
  • Mr. Robert H. Baldwin, Chief Customer Devel. Officer & Director (Age 68)

Who are MGM Resorts International's major shareholders?

MGM Resorts International's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Calamos Advisors LLC (0.34%), Selz Capital LLC (0.11%), Bank of Montreal Can (0.05%), Aperio Group LLC (0.03%), Calamos Wealth Management LLC (0.03%) and Skylands Capital LLC (0.03%). Company insiders that own MGM Resorts International stock include Alexis Herman, Corey Ian Sanders, 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.

Which major investors are selling MGM Resorts International stock?

MGM stock was sold by a variety of institutional investors in the last quarter, including CENTRAL TRUST Co, Selz Capital LLC, Calamos Wealth Management LLC, Strs Ohio, Texas Permanent School Fund, CenturyLink Investment Management Co and Appleton Partners Inc. MA. 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, John Mcmanus, Mary Christine Gay, Phyllis James, Robert Baldwin, Rose Mckinney-James, William A Bible and William Hornbuckle. View Insider Buying and Selling 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 Calamos Advisors LLC, Skylands Capital LLC, Bank of Montreal Can, Sumitomo Mitsui Asset Management Company LTD, Oakbrook Investments LLC, Aperio Group LLC, Coastline Trust Co and Private Trust Co. NA. 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.

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, Scottrade, Fidelity and Charles Schwab.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $26.10.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $14.34 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.

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:  3.2 out of 5 (star star star)
Outperform Votes:  945 (Vote Outperform)
Underperform Votes:  509 (Vote Underperform)
Total Votes:  1,454
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 10/23/2018 by MarketBeat.com Staff

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