NYSE:MGMMGM Resorts International Stock Price, Forecast & News

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MGM stock has decreased by 10.4% and is now trading at $16.20. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 2 sell ratings, 11 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MGM Resorts International.

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for MGM Resorts International.

MGM Resorts International (NYSE:MGM) posted its quarterly earnings data on Thursday, April, 30th. The company reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by $0.13. The business earned $2.25 billion during the quarter, compared to analysts' expectations of $2.26 billion. MGM Resorts International had a return on equity of 0.81% and a net margin of 23.59%. The business's revenue was down 29.1% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. View MGM Resorts International's earnings history.

MGM Resorts International declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.002 per share on Monday, June 15th. This represents a $0.01 annualized dividend and a yield of 0.05%. The ex-dividend date is Tuesday, June 9th. View MGM Resorts International's dividend history.

MGM Resorts International updated its first quarter 2020 After-Hours earnings guidance on Thursday, April, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.3-2.3 billion, compared to the consensus revenue estimate of $2.42 billion.

15 brokerages have issued 1 year target prices for MGM Resorts International's stock. Their forecasts range from $10.00 to $40.00. On average, they anticipate MGM Resorts International's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 23.5% from the stock's current price. View analysts' price targets for MGM Resorts International.

Media coverage about MGM stock has been trending somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. MGM Resorts International earned a daily sentiment score of -1.8 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about MGM Resorts International.

MGM Resorts International saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 33,950,000 shares, an increase of 14.7% from the June 15th total of 29,600,000 shares. Based on an average daily volume of 30,710,000 shares, the short-interest ratio is currently 1.1 days. Approximately 6.9% 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), Caesars Entertainment (CZR), Wynn Resorts (WYNN), Churchill Downs (CHDN), Penn National Gaming (PENN), Advanced Drainage Systems (WMS), Boyd Gaming (BYD), International Game Technology (IGT), Scientific Games (SGMS) and Monarch Casino & Resort (MCRI). View all competitors.

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), Alibaba Group (BABA), Wynn Resorts (WYNN), Intel (INTC), Delta Air Lines (DAL), NVIDIA (NVDA), AT&T (T), Micron Technology (MU) and Las Vegas Sands (LVS).

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

MGM Resorts International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.06%), State of Alaska Department of Revenue (0.05%), DNB Asset Management AS (0.01%), Triangle Securities Wealth Management (0.01%), Municipal Employees Retirement System of Michigan (0.00%) and Ellevest Inc. (0.00%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel D'arrigo, Gregory M Spierkel, James Murren, Keith A Meister, Mary Christine Gay, Paul J Salem, Phyllis James, Rose Mckinney-James and William Hornbuckle. View institutional ownership trends for MGM Resorts International.

MGM stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, DNB Asset Management AS, and Triangle Securities Wealth Management. Company insiders that have sold MGM Resorts International company stock in the last year include James Murren, Mary Christine Gay, and Rose Mckinney-James. View insider buying and selling activity for MGM Resorts International.

MGM stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Modus Advisors LLC, and Ellevest Inc.. Company insiders that have bought MGM Resorts International stock in the last two years include Atif Rafiq, Corey Ian Sanders, Gregory M Spierkel, Keith A Meister, Mary Christine Gay, Paul J Salem, and William Hornbuckle. View insider buying and selling activity 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 $16.20.

MGM Resorts International has a market capitalization of $7.99 billion and generates $12.90 billion in revenue each year. The company earns $2.05 billion in net income (profit) each year or $0.77 on an earnings per share basis. MGM Resorts International employs 52,000 workers across the globe.

The official website for MGM Resorts International is 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]