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. 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 dividend on an annualized basis and a yield of 1.58%. 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 initiated a stock buyback program on Thursday, May 10th 2018, which permits the company to repurchase $2,000,000,000.00 in outstanding 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 programs are usually an indication that the company's management believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) announced its quarterly earnings data on Thursday, April, 26th. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.02. The company earned $2.82 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company posted $0.38 EPS. 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 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 share 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 during the month of 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 days-to-cover ratio is currently 2.1 days. Approximately 4.7% of the shares of the stock 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 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).

Media stories about MGM stock have trended positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than 20 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 coverage optimism score of 0.27 on Accern's scale. They also gave news articles about the company an impact score of 46.58 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

MGM Resorts International's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.32%), Canyon Capital Advisors LLC (3.47%), Dimensional Fund Advisors LP (0.98%), Northern Trust Corp (0.90%), Iridian Asset Management LLC CT (0.86%) and Westfield Capital Management Co. LP (0.50%). 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 purchased 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 $30.39.

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]