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 declared a quarterly dividend on Thursday, November 1st. Shareholders of record on Monday, December 10th will be paid a dividend of $0.12 per share on Friday, December 14th. This represents a $0.48 dividend on an annualized basis and a dividend 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 announced that its Board of Directors has initiated a stock buyback program on Thursday, May 10th 2018, which permits the company to repurchase $2,000,000,000.00 in outstanding 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 programs are generally an indication that the company's leadership believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) announced its quarterly earnings results on Tuesday, October, 30th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.18 by $0.06. The business earned $3.03 billion during 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 company's revenue for the quarter was up 7.0% on a year-over-year basis. 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 brokers have issued 12 month price objectives for MGM Resorts International's shares. Their predictions range from $30.00 to $44.00. On average, they expect MGM Resorts International's share price to reach $35.90 in the next year. This suggests a possible upside of 35.7% 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.

Media stories about MGM stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MGM Resorts International earned a news impact score of 1.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

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), Huazhu Group (HTHT), Melco Resorts & Entertainment (MLCO), Hyatt Hotels (H), Park Hotels & Resorts (PK), Caesars Entertainment (CZR), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Sunstone Hotel Investors (SHO), Eldorado Resorts (ERI) and Boyd Gaming (BYD).

MGM Resorts International's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc (9.67%), BlackRock Inc. (7.06%), Capital World Investors (4.54%), Canyon Capital Advisors LLC (4.01%), Capital International Investors (2.56%) and Bank of New York Mellon Corp (1.43%). 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, Morgan Stanley, Victory Capital Management Inc., BlackRock Inc., American Century Companies Inc., FMR LLC, Mitsubishi UFJ Trust & Banking Corp and Allianz Asset Management GmbH. 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 $26.46.

MGM Resorts International has a market capitalization of $13.95 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]