MGM Resorts International Stock Price, News & Analysis (NYSE:MGM)

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

MGM Resorts International declared a quarterly dividend on Thursday, July 25th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.13 per share on Monday, September 16th. This represents a $0.52 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Monday, September 9th. View MGM Resorts International's Dividend History.

MGM Resorts International announced that its Board of Directors has approved a share buyback program 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 reacquire up to 10.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

MGM Resorts International (NYSE:MGM) posted its quarterly earnings results on Thursday, July, 25th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by $0.02. The firm earned $3.22 billion during the quarter, compared to analyst estimates of $3.21 billion. MGM Resorts International had a return on equity of 3.77% and a net margin of 1.56%. MGM Resorts International's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. View MGM Resorts International's Earnings History.

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for MGM Resorts International.

10 equities research analysts have issued 1-year price objectives for MGM Resorts International's stock. Their predictions range from $23.00 to $37.00. On average, they anticipate MGM Resorts International's stock price to reach $30.80 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MGM Resorts International.

Media stories about MGM stock have trended negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative 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 positive five, with scores closest to five being the most favorable. MGM Resorts International earned a daily sentiment score of -2.9 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for MGM Resorts International.

MGM Resorts International saw a decline in short interest in the month of August. As of August 31st, there was short interest totalling 15,847,800 shares, a decline of 9.6% from the July 31st total of 17,521,700 shares. Based on an average trading volume of 5,280,000 shares, the short-interest ratio is currently 3.0 days. Currently, 3.2% 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), Caesars Entertainment (CZR), Hyatt Hotels (H), Park Hotels & Resorts (PK), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Wyndham Destinations (WYND), Eldorado Resorts (ERI) and Sunstone Hotel Investors (SHO).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Resorts International investors own include CA (CA), Wynn Resorts (WYNN), BlackRock (BLK), Micron Technology (MU), Intel (INTC), Las Vegas Sands (LVS), Alibaba Group (BABA), Bank of America (BAC), AT&T (T) and Allergan (AGN).

MGM Resorts International's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.87%), Vanguard Group Inc. (9.88%), BlackRock Inc. (6.00%), BlackRock Inc. (6.00%), Corvex Management LP (3.94%) and Canyon Capital Advisors LLC (2.50%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel D'arrigo, Daniel J Taylor, John Mcmanus, Joness Lang, Keith A Meister, Mary Christine Gay, Paul J Salem, Phyllis James, Robert Baldwin, 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 Vanguard Group Inc., Long Pond Capital LP, AQR Capital Management LLC, Putnam Investments LLC, Nomura Holdings Inc., Nomura Holdings Inc., Cibc World Markets Corp and First Trust Advisors LP. Company insiders that have sold MGM Resorts International company stock in the last year include Mary Christine Gay, Phyllis James and Rose Mckinney-James. View Insider Buying and Selling for MGM Resorts International.

MGM stock was acquired by a variety of institutional investors in the last quarter, including Corvex Management LP, Maverick Capital Ltd., Price T Rowe Associates Inc. MD, Renaissance Technologies LLC, Nuveen Asset Management LLC, Primecap Management Co. CA, Barrow Hanley Mewhinney & Strauss LLC and Barrow Hanley Mewhinney & Strauss LLC. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Joness Lang, Keith A Meister, Mary Christine Gay, Paul J Salem, 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, Robinhood, Fidelity and Charles Schwab.

One share of MGM stock can currently be purchased for approximately $29.30.

MGM Resorts International has a market capitalization of $15.28 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.View Additional Information About MGM Resorts International.

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]