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 announced a quarterly dividend on Thursday, November 1st. Investors of record on Monday, December 10th will be given 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 1.72%. 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 has approved 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

MGM Resorts International (NYSE:MGM) released its quarterly earnings results on Tuesday, October, 30th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.06. The company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $2.99 billion. MGM Resorts International had a return on equity of 4.51% and a net margin of 16.75%. The firm's revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business 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 Wednesday, February 13th 2019. View Earnings Estimates for MGM Resorts International.

MGM Resorts International will be holding an earnings conference call on Wednesday, February 13th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883176003.

12 Wall Street analysts have issued 1-year price targets for MGM Resorts International's stock. Their forecasts range from $30.00 to $39.00. On average, they expect MGM Resorts International's share price to reach $34.00 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price. View Analyst Price Targets for MGM Resorts International.

12 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Resorts International.

News articles about MGM stock have been trending very positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGM Resorts International earned a news sentiment score of 3.2 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the company'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), Melco Resorts & Entertainment (MLCO), InterContinental Hotels Group (IHG), Huazhu Group (HTHT), Hyatt Hotels (H), Caesars Entertainment (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO) and Boyd Gaming (BYD).

MGM Resorts International's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Gateway Investment Advisers LLC (0.08%), USA Mutuals Advisors Inc. (0.05%), Bank of Montreal Can (0.04%), RPG Investment Advisory LLC (0.03%), State of Alaska Department of Revenue (0.02%) and DNB Asset Management AS (0.01%). 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 Bank of Montreal Can, Oakbrook Investments LLC, Appleton Partners Inc. MA, CENTRAL TRUST Co, Louisiana State Employees Retirement System, Gateway Investment Advisers LLC and RPG Investment Advisory LLC. 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 Virtu Financial LLC, USA Mutuals Advisors Inc., Fox Run Management L.L.C., Cerebellum GP LLC, CenturyLink Investment Management Co, State of Alaska Department of Revenue, DNB Asset Management AS and Nisa Investment Advisors LLC. 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 $27.87.

MGM Resorts International has a market capitalization of $14.69 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]