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NYSE:MGM

MGM Resorts International Stock Forecast, Price & News

$50.37
+2.97 (+6.27%)
(As of 11/5/2021 12:00 AM ET)
Add
Compare
Today's Range
$49.24
$51.03
50-Day Range
$40.38
$50.37
52-Week Range
$21.51
$51.03
Volume
8.35 million shs
Average Volume
7.66 million shs
Market Capitalization
$24.27 billion
P/E Ratio
N/A
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

Is MGM Resorts (NYSE:MGM) Stock Worth Betting On?
October 14, 2021 |  marketbeat.com
DraftKings Stock Falls On Earnings Miss As Casinos Rebound
November 5, 2021 |  finance.yahoo.com
Why DraftKings Stock Fell 4.6% on Thursday
November 4, 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
-23.67%

Debt

Price-To-Earnings

Miscellaneous

Free Float
457,352,000
Market Cap
$24.27 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/09/2021
Dividend Payable
9/15/2021
Last Earnings
11/03/2021
Today
11/05/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/09/2022

Social Links


MarketRank

Overall MarketRank

2.25 out of 5 stars

Consumer Discretionary Sector

133rd out of 388 stocks

Hotels & Motels Industry

10th out of 35 stocks

Analyst Opinion: 2.3Community Rank: 5.0Dividend Strength: 0.8Insider 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 research analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last year. There are currently 1 sell rating, 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGM Resorts International stock.
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 "Buy" 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 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) posted its earnings results on Wednesday, November, 3rd. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.07. MGM Resorts International had a negative trailing twelve-month return on equity of 11.74% and a negative net margin of 18.51%. During the same quarter in the previous year, the company posted ($1.08) EPS.
View MGM Resorts International's earnings history
.

How has MGM Resorts International's stock been impacted by COVID-19?

MGM Resorts International's stock was trading at $18.08 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MGM shares have increased by 180.5% and is now trading at $50.71.
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, November 3rd. Investors 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 yield of 0.02%. The ex-dividend date of this dividend 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%.
View MGM Resorts International's dividend history.

What price target have analysts set for MGM?

15 analysts have issued 1-year price targets for MGM Resorts International's stock. Their forecasts range from $27.00 to $68.00. On average, they expect MGM Resorts International's stock price to reach $47.46 in the next year. This suggests that the stock has a possible downside of 6.4%.
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 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 number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.30%), American Assets Capital Advisers LLC (0.19%), Deutsche Bank AG (0.15%), New York State Common Retirement Fund (0.12%), Calamos Advisors LLC (0.09%) and New York State Teachers Retirement System (0.09%). 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 Assenagon Asset Management S.A., Sumitomo Mitsui Trust Holdings Inc., Deutsche Bank AG, Ziegler Capital Management LLC, Exchange Traded Concepts LLC, Bay Colony Advisory Group Inc d b a Bay Colony Advisors, Commonwealth Equity Services LLC, and Van ECK Associates Corp. 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 acquired by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Eos Focused Equity Management L.P., Wealth Advisory Solutions LLC, Rothschild Investment Corp IL, Mitsubishi UFJ Kokusai Asset Management Co. Ltd., Pinnacle Associates Ltd., Shikiar Asset Management Inc., and Nordea Investment Management AB. 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 $50.71.

How much money does MGM Resorts International make?

MGM Resorts International has a market capitalization of $24.44 billion and generates $5.16 billion in revenue each year. The company earns $-997.20 million 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, via email at [email protected], or via fax at 702-693-8626.


This page was last updated on 11/5/2021 by MarketBeat.com Staff

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