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

MGM Resorts International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGM."

MGM Resorts International announced a quarterly dividend on Thursday, November 1st. Investors of record on Monday, December 10th will be given a dividend of $0.12 per share on Friday, December 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Friday, December 7th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its board has authorized a share repurchase plan 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 purchase up to 10.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) released its quarterly earnings results on Tuesday, October, 30th. The company reported $0.24 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.18 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $2.99 billion. MGM Resorts International had a net margin of 16.75% and a return on equity of 4.51%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th 2019. View Earnings Estimates for MGM Resorts International.

13 analysts have issued twelve-month target prices for MGM Resorts International's stock. Their forecasts range from $30.00 to $44.00. On average, they anticipate MGM Resorts International's stock price to reach $35.90 in the next year. This suggests a possible upside of 35.1% from the stock's current price. View Analyst Price Targets 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 5 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Resorts International.

News stories about MGM stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. MGM Resorts International earned a coverage optimism score of 1.9 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the near term.

MGM Resorts International saw a increase in short interest during the month of October. As of October 15th, there was short interest totalling 22,103,759 shares, an increase of 17.5% from the September 28th total of 18,819,463 shares. Based on an average daily trading volume, of 9,364,865 shares, the days-to-cover ratio is presently 2.4 days. Currently, 4.5% of the company's shares 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 Hotels (HLT), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), Hyatt Hotels (H), Park Hotels & Resorts (PK), Caesars Entertainment (CZR), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Sunstone Hotel Investors (SHO), Red Rock Resorts (RRR) and Eldorado Resorts (ERI).

MGM Resorts International's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.06%), Capital World Investors (4.54%), Canyon Capital Advisors LLC (4.01%), Capital International Investors (2.56%), Bank of New York Mellon Corp (1.43%) and Dimensional Fund Advisors LP (1.01%). 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.

MGM stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Victory Capital Management Inc., BlackRock Inc., American Century Companies Inc., FMR LLC, Mitsubishi UFJ Trust & Banking Corp, Allianz Asset Management GmbH and Teachers Advisors 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, Mary Christine Gay, Phyllis James, 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 Capital International Investors, Canyon Capital Advisors LLC, Epoch Investment Partners Inc., Public Employees Retirement Association of Colorado, Land & Buildings Investment Management LLC, TD Asset Management Inc., Putnam Investments LLC and Beach Point Capital Management LP. 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 $26.58.

MGM Resorts International has a market capitalization of $13.68 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.

The official website for MGM Resorts International is http://www.mgmresorts.com.

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]