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 announced a quarterly dividend on Thursday, July 25th. Stockholders 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 dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, September 9th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its board has approved a share buyback plan on Thursday, May 10th 2018, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 10.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

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

MGM Resorts International is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for MGM Resorts International.

MGM Resorts International will be holding an earnings conference call on Wednesday, October 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

10 equities research analysts have issued 1-year price objectives for MGM Resorts International's stock. Their predictions range from $23.00 to $38.00. On average, they expect MGM Resorts International's share price to reach $31.10 in the next twelve months. This suggests a possible upside of 11.2% 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 coverage about MGM stock has trended negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by analyzing 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 impact score of -2.8 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for MGM Resorts International.

MGM Resorts International saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 11,840,000 shares, a decrease of 11.2% from the August 30th total of 13,330,000 shares. Based on an average daily trading volume, of 5,330,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.4% of the company's stock 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), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Park Hotels & Resorts (PK), 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), Micron Technology (MU), BlackRock (BLK), 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 investors include State of Alaska Department of Revenue (0.06%), Rothschild Investment Corp IL (0.02%), Artemis Investment Management LLP (0.01%), Pacer Advisors Inc. (0.01%), Cerebellum GP LLC (0.00%) and Contravisory Investment Management Inc. (0.00%). 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 Landsberg Bennett & Dubbaneh LLC. 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 State of Alaska Department of Revenue, Artemis Investment Management LLP, Cerebellum GP LLC, Contravisory Investment Management Inc., Rothschild Investment Corp IL, Pacer Advisors Inc., Cerebellum GP LLC and Private Trust Co. NA. 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 $27.97.

MGM Resorts International has a market capitalization of $14.58 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]