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NYSE:MGM

MGM Resorts International - MGM Stock Forecast, Price & News

$35.54
-0.06 (-0.17%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$35.27
$35.86
50-Day Range
$27.17
$35.60
52-Week Range
$26.41
$51.17
Volume
3.29 million shs
Average Volume
5.48 million shs
Market Capitalization
$13.97 billion
P/E Ratio
4.98
Dividend Yield
0.03%
Price Target
$53.31

MGM Resorts International MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
50.0% Upside
$53.31 Price Target
Short Interest
Healthy
5.36% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
0.07mentions of MGM Resorts International in the last 14 days
Based on 30 Articles This Week
Insider Trading
Acquiring Shares
$6.11 M Bought Last Quarter
Proj. Earnings Growth
1,575.00%
From $0.04 to $0.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.28 out of 5 stars

Consumer Discretionary Sector

5th out of 291 stocks

Hotels & Motels Industry

1st out of 26 stocks

MGM stock logo

About MGM Resorts International (NYSE:MGM) Stock

MGM Resorts International, through its subsidiaries, owns and operates 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 and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts 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 incorporated in 1986 and is based in Las Vegas, Nevada.

MGM Resorts International Stock Up 2.0 %

MGM Stock opened at $35.60 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.65 and a quick ratio of 1.63. MGM Resorts International has a 12 month low of $26.41 and a 12 month high of $51.17. The firm has a market capitalization of $13.99 billion, a PE ratio of 4.99 and a beta of 2.14. The company's 50 day simple moving average is $31.04 and its 200-day simple moving average is $37.18.

MGM Resorts International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, September 9th will be given a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.03%. The ex-dividend date is Thursday, September 8th. MGM Resorts International's payout ratio is 0.14%.

Analysts Set New Price Targets

MGM has been the subject of several recent analyst reports. Wells Fargo & Company raised their price target on MGM Resorts International from $49.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, August 4th. Bank of America dropped their price objective on shares of MGM Resorts International from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 18th. Truist Financial raised their target price on MGM Resorts International from $35.00 to $40.00 in a research note on Thursday, August 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on MGM Resorts International from $48.00 to $51.00 in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. began coverage on shares of MGM Resorts International in a research report on Tuesday, May 3rd. They issued an "overweight" rating and a $53.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, MGM Resorts International has an average rating of "Moderate Buy" and an average price target of $53.31.

Insider Buying and Selling at MGM Resorts International

In other news, COO Corey Ian Sanders sold 10,000 shares of the company's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $36.00, for a total transaction of $360,000.00. Following the completion of the transaction, the chief operating officer now owns 280,273 shares of the company's stock, valued at approximately $10,089,828. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other MGM Resorts International news, COO Corey Ian Sanders sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $36.00, for a total transaction of $360,000.00. Following the completion of the sale, the chief operating officer now directly owns 280,273 shares in the company, valued at $10,089,828. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel J. Taylor sold 4,499 shares of the firm's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $34.41, for a total value of $154,810.59. The disclosure for this sale can be found here. 2.13% of the stock is owned by insiders.

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MGM Stock News Headlines

Cancellation of Atlanta festival sparks new fight over guns
The cancellation of a major music festival in Atlanta has ignited a new fight over Georgia gun laws
Atlantic City's Joe Lupo to run Mirage casino for Hard Rock
Joe Lupo, who has helped two of Atlantic City’s most successful casinos thrive through years of market turbulence, will run the Mirage Hotel & Casino once Hard Rock buys the Las Vegas property from MGM Resorts International
Apple’s Next “Star Product” Could Replace The iPhone?
Apple's next "star product" could be its most profitable yet & may dominate a fast-growing new industry that Morgan Stanley projects will be worth a stunning $10 trillion! The new “profit machine” could hand early investors a $190,717 payday. How can you lock in your shot to 20X your money?  See Here. pixel
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
MGM September 30th Options Begin Trading
MGM Shares Plans for Its New Las Vegas Strip Property
MGM Resorts Q2 Profit Rises
MGM Resorts (MGM) Q2 Earnings Lag Estimates
The allure of Genting Singapore
See More Headlines
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MGM Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 6/15 Dividend
6/09/2022
Dividend Payable
6/15/2022
Today
8/15/2022
Ex-Dividend for 9/15 Dividend
9/08/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
CUSIP
55295310
Employees
69,000
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$53.31
High Stock Price Forecast
$72.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+50.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$1.25 billion
Pretax Margin
32.75%

Debt

Sales & Book Value

Annual Sales
$9.68 billion
Cash Flow
$2.01 per share
Book Value
$23.41 per share

Miscellaneous

Free Float
384,729,000
Market Cap
$13.97 billion
Optionable
Optionable
Beta
2.14

Social Links


Key Executives














MGM Stock - Frequently Asked Questions

Should I buy or sell MGM Resorts International stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MGM shares.
View MGM analyst ratings
or view top-rated stocks.

What is MGM Resorts International's stock price forecast for 2022?

14 Wall Street research analysts have issued 1-year price objectives for MGM Resorts International's stock. Their MGM share price forecasts range from $40.00 to $72.00. On average, they anticipate the company's share price to reach $53.31 in the next twelve months. This suggests a possible upside of 50.0% from the stock's current price.
View analysts price targets for MGM
or view top-rated stocks among Wall Street analysts.

How have MGM shares performed in 2022?

MGM Resorts International's stock was trading at $44.88 at the beginning of 2022. Since then, MGM stock has decreased by 20.8% and is now trading at $35.54.
View the best growth stocks for 2022 here
.

When is MGM Resorts International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MGM earnings forecast
.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) issued its quarterly earnings results on Wednesday, November, 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.07. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.41 billion. MGM Resorts International had a net margin of 27.33% and a trailing twelve-month return on equity of 1.44%. During the same period last year, the firm earned ($1.08) earnings per share.
Read the conference call transcript
.

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 Wednesday, August 3rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.0025 per share on Thursday, September 15th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, September 8th.
Read our dividend analysis for MGM
.

Is MGM Resorts International a good dividend stock?

MGM Resorts International (NYSE:MGM) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.03%. The dividend payout ratio is 0.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGM will have a dividend payout ratio of 1.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGM.

What is Bill Hornbuckle's approval rating as MGM Resorts International's CEO?

83 employees have rated MGM Resorts International Chief Executive Officer Bill Hornbuckle on Glassdoor.com. Bill Hornbuckle has an approval rating of 65% among the company's employees.

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

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 a number of retail and institutional investors. Top institutional investors include Southeastern Asset Management Inc. TN (1.41%), Allianz Asset Management GmbH (1.01%), Northern Trust Corp (0.86%), FMR LLC (0.55%), UBS Asset Management Americas Inc. (0.42%) and Wells Fargo & Company MN (0.41%). Insiders that own company stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel J Taylor, Gregory M Spierkel, James Murren, Janet Swartz, John Mcmanus, Keith A Meister, Mary Chris Jammet, Mary Christine Gay, Paul J Salem, Rose Mckinney-James, Todd Meinert, William Hornbuckle and William Warwick Grounds.
View institutional ownership trends
.

How do I buy shares of MGM Resorts International?

Shares of MGM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $35.54.

How much money does MGM Resorts International make?

MGM Resorts International (NYSE:MGM) has a market capitalization of $13.97 billion and generates $9.68 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $7.14 on an earnings per share basis.

How many employees does MGM Resorts International have?

The company employs 69,000 workers across the globe.

Does MGM Resorts International have any subsidiaries?
The following companies are subsidiares of MGM Resorts International: 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, Aria Resort & Casino LLC, Beau Rivage Resorts LLC, Bellagio LLC, Blue Tarp reDevelopment LLC, Borgata Hotel Casino and Spa, Boru Merger Sub I LLC, Cedar Downs OTB LLC, Circus Circus Casinos Inc., CityCenter Facilities Management LLC, CityCenter Realty Corporation, CityCenter Retail Holdings Management LLC, Destron Inc., Grand Garden Arena Management LLC, Grand Laundry Inc., LV Concrete Corp., Las Vegas Arena Management LLC, Las Vegas Basketball Ventures LLC, MAC CORP., MGM (Beijing) Hospitality Services Co. Ltd., MGM Asia Pacific Limited, MGM Branding and Development Holdings Ltd., MGM CC LLC, MGM China Holdings Ltd., MGM Dev LLC, MGM Development Services Limited, MGM Elgin Sub Inc., MGM Finance Corp., MGM Grand (International) Pte Ltd., MGM Grand Condominiums LLC, MGM Grand Condominiums II LLC, MGM Grand Condominiums III LLC, MGM Grand Detroit Inc., MGM Grand Detroit LLC, MGM Grand Hotel LLC, MGM Growth Properties LLC, MGM Growth Properties OP GP LLC, MGM Growth Properties Operating Partnership LP, MGM Hospitality Development LLC, MGM Hospitality Global LLC, MGM Hospitality Holdings LLC, MGM Hospitality India Private Ltd., MGM Hospitality International GP Ltd., MGM Hospitality International Holdings Ltd., MGM Hospitality International LP, MGM Hospitality LLC, MGM International LLC, MGM Lessee LLC, MGM MA Sub LLC, MGM National Harbor LLC, MGM Public Policy LLC, MGM Resorts Advertising Inc., MGM Resorts Arena Holdings LLC, MGM Resorts Aviation Corp., MGM Resorts Corporate Services, MGM Resorts Design & Development, MGM Resorts Development LLC, MGM Resorts Festival Grounds II LLC, MGM Resorts Festival Grounds LLC, MGM Resorts Global Development LLC, MGM Resorts Interactive LLC, MGM Resorts International Holdings Ltd., MGM Resorts International Marketing Inc., MGM Resorts International Marketing Ltd., MGM Resorts International Operations Inc., MGM Resorts Japan LLC, MGM Resorts Land Holdings LLC, MGM Resorts Manufacturing Corp., MGM Resorts Mississippi LLC, MGM Resorts Regional Operations LLC, MGM Resorts Retail, MGM Resorts Satellite LLC, MGM Resorts Sub 1 LLC, MGM Resorts Sub B LLC, MGM Resorts Venue Management LLC, MGM Resorts West Japan LLC, MGM Sports & Interactive Gaming LLC, MGM Springfield reDevelopment LLC, MGM Yonkers Inc., MGMM Insurance Company, MGP Finance Co-Issuer Inc., MGP Lessor Holdings LLC, MGP Lessor LLC, MGP OH Inc., MGP Yonkers Realty Sub LLC, MH Inc., MMNY Land Company Inc., Mandalay Bay LLC, Mandalay Employment LLC, Mandalay Place LLC, Mandalay Resort Group, Marina District Development Company LLC, Marina District Development Holding Co. LLC, Mercantile Merger Sub I LLC, Metropolitan Marketing LLC, Mirage Laundry Services Corp., Mirage Resorts LLC, NH Cigars LLC, New Castle LLC, New York-New York Hotel & Casino LLC, New York-New York Tower LLC, Northfield Park Associates LLC, PRMA LLC, PRMA Land Development Company, Park District Holdings LLC, Park Theater LLC, Project CC LLC, Ramparts LLC, San Antonio Starts, Signature Tower 2 LLC, Signature Tower 3 LLC, Signature Tower I LLC, The Mirage Casino-Hotel LLC, The Signature Condominiums LLC, Tower B LLC, Tower C LLC, Turnberry/MGM Grand Tower B LLC, Turnberry/MGM Grand Tower C LLC, Turnberry/MGM Grand Towers LLC, Vdara Condo Hotel LLC, Vendido LLC, Victoria Partners, VidiAd, Vintage Land Holdings II LLC, and Vintage Land Holdings LLC.
Read More
When was MGM Resorts International founded?

MGM Resorts International was founded in 1986.

How can I contact MGM Resorts International?

MGM Resorts International's mailing address is 3600 LAS VEGAS BLVD SOUTH, LAS VEGAS NV, 89109. The official website for the company is www.mgmresorts.com. The company can be reached via phone at (702) 693-7120, via email at ir@mgmresorts.com, or via fax at 702-693-8626.

This page (NYSE:MGM) was last updated on 8/15/2022 by MarketBeat.com Staff

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