NYSE:MGM

MGM Resorts International Stock Forecast, Price & News

$40.86
-0.51 (-1.23 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$40.50
$41.42
50-Day Range
$37.14
$44.16
52-Week Range
$14.65
$44.40
Volume6.58 million shs
Average Volume8.72 million shs
Market Capitalization$20.04 billion
P/E RatioN/A
Dividend Yield0.02%
Beta2.44
30 days | 90 days | 365 days | Advanced Chart
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MGM Resorts International logo

About MGM Resorts International

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

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MarketRank

Overall MarketRank

1.14 out of 5 stars

Consumer Discretionary Sector

268th out of 598 stocks

Hotels & Motels Industry

26th out of 42 stocks

Analyst Opinion: 1.1Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
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MGM Resorts International (NYSE:MGM) Frequently Asked Questions

Is MGM Resorts International a buy right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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.

What stocks does MarketBeat like better than MGM Resorts International?

Wall Street analysts have given MGM Resorts International a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MGM Resorts International wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is MGM Resorts International's next earnings date?

MGM Resorts International is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for MGM Resorts International
.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) announced its quarterly earnings data on Wednesday, April, 28th. The company reported ($0.68) earnings per share for the quarter, beating the consensus estimate of ($0.86) by $0.18. The company earned $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. MGM Resorts International had a negative trailing twelve-month return on equity of 17.93% and a negative net margin of 47.65%. The company's revenue for the quarter was down 27.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 EPS.
View MGM Resorts International's earnings history
.

How has MGM Resorts International's stock price been impacted by Coronavirus?

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MGM stock has increased by 126.0% and is now trading at $40.86.
View which stocks have been most impacted by COVID-19
.

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

MGM Resorts International announced a quarterly dividend on Wednesday, April 28th. Shareholders of record on Thursday, June 10th will be given a dividend of $0.002 per share on Tuesday, June 15th. This represents a $0.01 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend is Wednesday, June 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%.
View MGM Resorts International's dividend history.

What price target have analysts set for MGM?

16 brokerages have issued twelve-month price targets for MGM Resorts International's stock. Their forecasts range from $18.00 to $53.00. On average, they anticipate MGM Resorts International's stock price to reach $35.57 in the next twelve months. This suggests that the stock has a possible downside of 12.9%.
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:
  • Mr. William Joseph Hornbuckle IV, Pres, CEO & Director (Age 63, Pay $2.05M)
  • Mr. Corey Ian Sanders, Chief Operating Officer (Age 57, Pay $1.82M)
  • Mr. John M. McManus Esq., Exec. VP, Gen. Counsel & Sec. (Age 54, Pay $1.18M)
  • Mr. Jonathan S. Halkyard, CFO & Treasurer (Age 56)
  • Mr. Todd R. Meinert, Sr. VP & Chief Accounting Officer (Age 46)
  • Ms. Catherine Park, Exec. Director of Investor Relations
  • Mr. Jeff Mochal, Sr. VP of Corp. Communications
  • Ms. Jyoti Chopra, Sr. VP and Chief People, Inclusion & Sustainability Officer (Age 57)
  • Mr. Alan M. Feldman, Exec. VP of Global Gov. & Industry Affairs (Age 62)
  • Ms. Phyllis A. James, Chief Diversity & Corp. Responsibility Officer (Age 68)

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.

Who are some of MGM Resorts International's key competitors?

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 The Walt Disney (DIS), Bank of America (BAC), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), The 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (5.84%), Corvex Management LP (3.20%), SRS Investment Management LLC (2.16%), Price T Rowe Associates Inc. MD (2.02%), Geode Capital Management LLC (1.47%) and Canada Pension Plan Investment Board (1.24%). 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, Mary Christine Gay, Paul J Salem, Rose Mckinney-James, Todd Meinert, William Hornbuckle and William Warwick Grounds.
View institutional ownership trends for MGM Resorts International
.

Which major investors are selling MGM Resorts International stock?

MGM stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Corvex Management LP, Maverick Capital Ltd., Morgan Stanley, Steadfast Capital Management LP, Primecap Management Co. CA, Pendal Group Limited, and Nuveen Asset Management LLC. 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 major investors are buying MGM Resorts International stock?

MGM stock was acquired by a variety of institutional investors in the last quarter, including SRS Investment Management LLC, Fred Alger Management LLC, Atreides Management LP, Bank of Nova Scotia, Tiger Eye Capital LLC, Caisse DE Depot ET Placement DU Quebec, American Assets Capital Advisers LLC, and Cubist Systematic Strategies LLC. 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 $40.86.

How much money does MGM Resorts International make?

MGM Resorts International has a market capitalization of $20.04 billion and generates $5.16 billion in revenue each year. The company earns $-997,200,000.00 in net income (profit) each year or ($3.94) 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 or via email at [email protected]


This page was last updated on 6/21/2021 by MarketBeat.com Staff
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