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NYSE:MGM

MGM Resorts International Stock Forecast, Price & News

$39.58
-1.55 (-3.77%)
(As of 11/30/2021 12:00 AM ET)
Add
Compare
Today's Range
$39.01
$41.14
50-Day Range
$39.58
$50.37
52-Week Range
$27.59
$51.17
Volume
9.23 million shs
Average Volume
7.51 million shs
Market Capitalization
$18.56 billion
P/E Ratio
30.45
Dividend Yield
0.02%
Beta
2.36
30 days | 90 days | 365 days | Advanced Chart
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MGM Resorts International logo

About MGM Resorts International

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George's County, Maryland; and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.

Headlines

Macau Casino Stocks Tumbled Again. Crackdown Fears Are Back.
November 29, 2021 |  finance.yahoo.com
Is MGM Stock A Buy As BetMGM Growth Falters?
November 24, 2021 |  finance.yahoo.com
Should You Invest Your Money in MGM Resorts (MGM)?
November 15, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
CUSIP
55295310
Employees
35,000
Year Founded
1986

Sales & Book Value

Annual Sales
$5.16 billion
Book Value
$22.63 per share

Profitability

Net Income
$-997.20 million
Pretax Margin
9.26%

Debt

Price-To-Earnings

Miscellaneous

Free Float
445,090,000
Market Cap
$18.56 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/09/2021
Dividend Payable
9/15/2021
Last Earnings
11/03/2021
Today
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/09/2022

Social Links


MarketRank

Overall MarketRank

2.61 out of 5 stars

Consumer Discretionary Sector

73rd out of 388 stocks

Hotels & Motels Industry

4th out of 35 stocks

Analyst Opinion: 3.2Community Rank: 5.0Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -












MGM Resorts International (NYSE:MGM) Frequently Asked Questions

Is MGM Resorts International a buy right now?

15 Wall Street equities research 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 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MGM Resorts International stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGM, but not buy additional shares or sell existing shares.
View analyst ratings for MGM Resorts International
or view top-rated stocks.

How has MGM Resorts International's stock price been impacted by Coronavirus (COVID-19)?

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGM stock has increased by 118.9% and is now trading at $39.58.
View which stocks have been most impacted by COVID-19
.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Wednesday, February 9th 2022.
View our earnings forecast for MGM Resorts International
.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) announced its earnings results on Wednesday, November, 3rd. The company reported $0.03 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.04) by $0.07. MGM Resorts International had a negative trailing twelve-month return on equity of 6.80% and a net margin of 8.33%. During the same quarter last year, the company earned ($1.08) earnings per share.
View MGM Resorts International's earnings history
.

How often does MGM Resorts International pay dividends? What is the dividend yield for MGM Resorts International?

MGM Resorts International declared a quarterly dividend on Wednesday, November 3rd. Shareholders of record on Friday, December 10th will be paid a dividend of $0.0025 per share on Wednesday, December 15th. This represents a $0.01 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Thursday, December 9th.
View MGM Resorts International's dividend history
.

Is MGM Resorts International a good dividend stock?

MGM Resorts International pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.02%. MGM Resorts International does not yet have a strong track record of dividend growth. The dividend payout ratio of MGM Resorts International is 0.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGM Resorts International will have a dividend payout ratio of 1.45% next year. This indicates that MGM Resorts International will be able to sustain or increase its dividend.
View MGM Resorts International's dividend history.

What price target have analysts set for MGM?

15 brokerages have issued 1-year target prices for MGM Resorts International's shares. Their forecasts range from $27.00 to $68.00. On average, they anticipate MGM Resorts International's stock price to reach $47.59 in the next year. This suggests a possible upside of 20.2% from the stock's current price.
View analysts' price targets for MGM Resorts International
or view top-rated stocks among Wall Street analysts.

Who are MGM Resorts International's key executives?

MGM Resorts International's management team includes the following people:
  • William Joseph Hornbuckle, President, Chief Executive Officer & Director
  • Corey I. Sanders, Chief Operating Officer
  • Jonathan S. Halkyard, Chief Financial Officer & Treasurer
  • Tilak Mandadi, Chief Strategy, Innovation & Technology Officer
  • Stephen Martino, Chief Compliance Officer & Senior Vice President

What is Bill Hornbuckle's approval rating as MGM Resorts International's CEO?

83 employees have rated MGM Resorts International CEO Bill Hornbuckle on Glassdoor.com. Bill Hornbuckle has an approval rating of 65% among MGM Resorts International's employees.

What other stocks do shareholders of MGM Resorts International own?

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), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Boeing (BA), Las Vegas Sands (LVS), Intel (INTC) and AT&T (t).

What is MGM Resorts International's stock symbol?

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

Who are MGM Resorts International's major shareholders?

MGM Resorts International's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.60%), Geode Capital Management LLC (1.52%), Invesco Ltd. (0.85%), Dimensional Fund Advisors LP (0.83%), Morgan Stanley (0.83%) and Senvest Management LLC (0.64%). Company insiders that own MGM Resorts International stock include Alexis Herman, Atif Rafiq, Corey Ian Sanders, Daniel J Taylor, Gregory M Spierkel, James Murren, John Mcmanus, Keith A Meister, Mary Chris Jammet, Paul J Salem, Todd Meinert, William Hornbuckle and William Warwick Grounds.
View institutional ownership trends for MGM Resorts International
.

Which institutional investors are selling MGM Resorts International stock?

MGM stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, BlackRock Inc., Dimensional Fund Advisors LP, Citadel Advisors LLC, JS Capital Management LLC, Capital Fund Management S.A., Capitolis Advisors LLC, and Assenagon Asset Management S.A.. Company insiders that have sold MGM Resorts International company stock in the last year include Alexis Herman, Corey Ian Sanders, Daniel J Taylor, John Mcmanus, Keith A Meister, Mary Chris Jammet, Todd Meinert, William Hornbuckle, and William Warwick Grounds.
View insider buying and selling activity for MGM Resorts International
or view top insider-selling stocks.

Which institutional investors are buying MGM Resorts International stock?

MGM stock was purchased by a variety of institutional investors in the last quarter, including Man Group plc, Bamco Inc. NY, Marshall Wace LLP, Candlestick Capital Management LP, Bank of Nova Scotia, Invesco Ltd., KBC Group NV, and Falcon Edge Capital LP. 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, Paul J Salem, and William Hornbuckle.
View insider buying and selling activity for MGM Resorts International
or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGM Resorts International's stock price today?

One share of MGM stock can currently be purchased for approximately $39.58.

How much money does MGM Resorts International make?

MGM Resorts International has a market capitalization of $18.56 billion and generates $5.16 billion in revenue each year. The company earns $-997.20 million in net income (profit) each year or $1.30 on an earnings per share basis.

How many employees does MGM Resorts International have?

MGM Resorts International employs 35,000 workers across the globe.

Does MGM Resorts International have any subsidiaries?

The following companies are subsidiares of MGM Resorts International: 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, Aria Resort & Casino LLC, Beau Rivage Resorts LLC, Bellagio LLC, Blue Tarp reDevelopment LLC, Borgata Hotel Casino and Spa, Boru Merger Sub I LLC, Cedar Downs OTB LLC, Circus Circus Casinos Inc., CityCenter Facilities Management LLC, CityCenter Realty Corporation, CityCenter Retail Holdings Management LLC, Destron Inc., Grand Garden Arena Management LLC, Grand Laundry Inc., LV Concrete Corp., Las Vegas Arena Management LLC, Las Vegas Basketball Ventures LLC, MAC CORP., MGM (Beijing) Hospitality Services Co. Ltd., MGM Asia Pacific Limited, MGM Branding and Development Holdings Ltd., MGM CC LLC, MGM China Holdings Ltd., MGM Dev LLC, MGM Development Services Limited, MGM Elgin Sub Inc., MGM Finance Corp., MGM Grand (International) Pte Ltd., MGM Grand Condominiums LLC, MGM Grand Condominiums II LLC, MGM Grand Condominiums III LLC, MGM Grand Detroit Inc., MGM Grand Detroit LLC, MGM Grand Hotel LLC, MGM Growth Properties LLC, MGM Growth Properties OP GP LLC, MGM Growth Properties Operating Partnership LP, MGM Hospitality Development LLC, MGM Hospitality Global LLC, MGM Hospitality Holdings LLC, MGM Hospitality India Private Ltd., MGM Hospitality International GP Ltd., MGM Hospitality International Holdings Ltd., MGM Hospitality International LP, MGM Hospitality LLC, MGM International LLC, MGM Lessee LLC, MGM MA Sub LLC, MGM National Harbor LLC, MGM Public Policy LLC, MGM Resorts Advertising Inc., MGM Resorts Arena Holdings LLC, MGM Resorts Aviation Corp., MGM Resorts Corporate Services, MGM Resorts Design & Development, MGM Resorts Development LLC, MGM Resorts Festival Grounds II LLC, MGM Resorts Festival Grounds LLC, MGM Resorts Global Development LLC, MGM Resorts Interactive LLC, MGM Resorts International Holdings Ltd., MGM Resorts International Marketing Inc., MGM Resorts International Marketing Ltd., MGM Resorts International Operations Inc., MGM Resorts Japan LLC, MGM Resorts Land Holdings LLC, MGM Resorts Manufacturing Corp., MGM Resorts Mississippi LLC, MGM Resorts Regional Operations LLC, MGM Resorts Retail, MGM Resorts Satellite LLC, MGM Resorts Sub 1 LLC, MGM Resorts Sub B LLC, MGM Resorts Venue Management LLC, MGM Resorts West Japan LLC, MGM Sports & Interactive Gaming LLC, MGM Springfield reDevelopment LLC, MGM Yonkers Inc., MGMM Insurance Company, MGP Finance Co-Issuer Inc., MGP Lessor Holdings LLC, MGP Lessor LLC, MGP OH Inc., MGP Yonkers Realty Sub LLC, MH Inc., MMNY Land Company Inc., Mandalay Bay LLC, Mandalay Employment LLC, Mandalay Place LLC, Mandalay Resort Group, Marina District Development Company LLC, Marina District Development Holding Co. LLC, Mercantile Merger Sub I LLC, Metropolitan Marketing LLC, Mirage Laundry Services Corp., Mirage Resorts LLC, NH Cigars LLC, New Castle LLC, New York-New York Hotel & Casino LLC, New York-New York Tower LLC, Northfield Park Associates LLC, PRMA LLC, PRMA Land Development Company, Park District Holdings LLC, Park Theater LLC, Project CC LLC, Ramparts LLC, San Antonio Starts, Signature Tower 2 LLC, Signature Tower 3 LLC, Signature Tower I LLC, The Mirage Casino-Hotel LLC, The Signature Condominiums LLC, Tower B LLC, Tower C LLC, Turnberry/MGM Grand Tower B LLC, Turnberry/MGM Grand Tower C LLC, Turnberry/MGM Grand Towers LLC, Vdara Condo Hotel LLC, Vendido LLC, Victoria Partners, VidiAd, Vintage Land Holdings II LLC, and Vintage Land Holdings LLC.

When was MGM Resorts International founded?

MGM Resorts International was founded in 1986.

What is MGM Resorts International's official website?

The official website for MGM Resorts International is www.mgmresorts.com.

Where are MGM Resorts International's headquarters?

MGM Resorts International is headquartered at 3600 LAS VEGAS BLVD SOUTH, LAS VEGAS NV, 89109.

How can I contact MGM Resorts International?

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, via email at [email protected], or via fax at 702-693-8626.


This page was last updated on 12/1/2021 by MarketBeat.com Staff

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