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. Investors 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 annualized dividend and a yield of 1.87%. The ex-dividend date is Monday, September 9th. View MGM Resorts International's Dividend History.

MGM Resorts International declared that its board has approved a stock buyback plan on Thursday, May 10th 2018, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 10.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are 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 analysts' consensus estimates of $0.25 by $0.02. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates 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 revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business 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 12 month price objectives for MGM Resorts International's stock. Their predictions range from $23.00 to $38.00. On average, they anticipate MGM Resorts International's stock price to reach $31.22 in the next year. This suggests a possible upside of 12.0% 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.

News stories about MGM stock have trended negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. MGM Resorts International earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for MGM Resorts International.

MGM Resorts International saw a drop in short interest in September. As of September 30th, there was short interest totalling 11,840,000 shares, a drop of 11.2% from the August 30th total of 13,330,000 shares. Based on an average daily volume of 5,330,000 shares, the short-interest ratio is presently 2.2 days. Approximately 2.4% of the shares of the 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), Huazhu Group (HTHT), Melco Resorts & Entertainment (MLCO), 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 shareholders include Gateway Investment Advisers LLC (0.08%), State of Alaska Department of Revenue (0.06%), Commerzbank Aktiengesellschaft FI (0.04%), Stephens Investment Management Group LLC (0.03%), Envestnet Asset Management Inc. (0.02%) and Rothschild Investment Corp IL (0.02%). 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 Zurcher Kantonalbank Zurich Cantonalbank , Gateway Investment Advisers LLC, Zeke Capital Advisors LLC, Oakbrook Investments LLC and 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 purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, Artemis Investment Management LLP, Robeco Institutional Asset Management B.V., Triangle Securities Wealth Management, Nisa Investment Advisors LLC, Stephens Investment Management Group LLC and Campbell & CO Investment Adviser 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 $27.87.

MGM Resorts International has a market capitalization of $14.53 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]