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

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$27.75 -0.04 (-0.14 %)
(As of 04/26/2019 02:03 AM ET)
Previous Close$27.79
Today's Range$27.46 - $27.82
52-Week Range$21.61 - $33.68
Volume4.07 million shs
Average Volume7.52 million shs
Market Capitalization$14.90 billion
P/E Ratio28.03
Dividend Yield1.87%
Beta1.38
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 February 27, 2019, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Shadow Creek golf course, 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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Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
CUSIP55295310
Phone702-693-7120

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.76 billion
Cash Flow$3.4133 per share
Book Value$19.86 per share

Profitability

Net Income$445.45 million

Miscellaneous

Employees72,000
Market Cap$14.90 billion
Next Earnings Date4/29/2019 (Confirmed)
OptionableOptionable

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 Thursday, February 14th. Stockholders of record on Friday, March 8th will be given a dividend of $0.13 per share on Friday, March 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, March 7th. This is a positive change from MGM Resorts International's previous quarterly dividend of $0.12. View MGM Resorts International's Dividend History.

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

MGM Resorts International announced that its board has authorized a stock buyback plan on Thursday, May 10th 2018, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 10.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) released its earnings results on Wednesday, February, 13th. The company reported $0.14 EPS for the quarter, beating the Zacks' consensus estimate of $0.13 by $0.01. The company earned $3.05 billion during the quarter, compared to analysts' expectations of $3.01 billion. MGM Resorts International had a return on equity of 5.23% and a net margin of 3.96%. MGM Resorts International's revenue was up 17.6% on a year-over-year basis. 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 Monday, April 29th 2019. 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 Monday, April 29th 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?

11 brokers have issued 12-month price objectives for MGM Resorts International's stock. Their predictions range from $30.00 to $39.00. On average, they anticipate MGM Resorts International's share price to reach $33.7778 in the next year. This suggests a possible upside of 21.7% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

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

11 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MGM Resorts International.

Has MGM Resorts International been receiving favorable news coverage?

News stories about MGM stock have trended somewhat positive on Friday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. MGM Resorts International earned a news impact score of 1.8 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 next few days.

Are investors shorting MGM Resorts International?

MGM Resorts International saw a drop in short interest in April. As of April 15th, there was short interest totalling 14,358,783 shares, a drop of 19.5% from the March 29th total of 17,838,593 shares. Based on an average daily trading volume, of 5,480,212 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.8% of the shares of the stock are sold short. View MGM Resorts International's Current Options Chain.

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 CA (CA), Micron Technology (MU), BlackRock (BLK), Wynn Resorts (WYNN), Alibaba Group (BABA), Intel (INTC), Bank of America (BAC), Las Vegas Sands (LVS), Chipotle Mexican Grill (CMG) and Allergan (AGN).

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 57)
  • Mr. William Joseph Hornbuckle IV, Pres & COO (Age 61)
  • Mr. Corey Ian Sanders, CFO & Treasurer (Age 55)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 52)
  • Mr. Robert C. Selwood, Exec. VP & Chief Accounting Officer (Age 63)

Who are MGM Resorts International's major shareholders?

MGM Resorts International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Calamos Advisors LLC (0.32%), Gateway Investment Advisers LLC (0.08%), Retirement Systems of Alabama (0.04%), Selz Capital LLC (0.03%), State of Alaska Department of Revenue (0.02%) and Osborne Partners Capital Management LLC (0.02%). 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 Calamos Advisors LLC, Selz Capital LLC, Creative Planning, Virtu Financial LLC, DNB Asset Management AS, Bell Rock Capital LLC, New Mexico Educational Retirement Board and Gateway Investment Advisers LLC. Company insiders that have sold MGM Resorts International company stock in the last year include Alexis Herman, Daniel D'arrigo, Mary Christine Gay, Phyllis James and Rose Mckinney-James. View Insider Buying and Selling for MGM Resorts International.

Which major investors are buying MGM Resorts International stock?

MGM stock was purchased by a variety of institutional investors in the last quarter, including Hollencrest Capital Management, Mercer Global Advisors Inc. ADV, Mercer Global Advisors Inc. ADV, Osborne Partners Capital Management LLC, Sciencast Management LP, Jolley Asset Management LLC, Sippican Capital Advisors and Calamos Wealth Management LLC. Company insiders that have bought MGM Resorts International stock in the last two years include Joness Lang, Mary Christine Gay, 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 $27.75.

How big of a company is MGM Resorts International?

MGM Resorts International has a market capitalization of $14.90 billion and generates $11.76 billion in revenue each year. The company earns $445.45 million in net income (profit) each year or $0.99 on an earnings per share basis. MGM Resorts International employs 72,000 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:  3.3 out of 5 (star star star)
Outperform Votes:  1,001 (Vote Outperform)
Underperform Votes:  535 (Vote Underperform)
Total Votes:  1,536
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 4/26/2019 by MarketBeat.com Staff

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