MGM Resorts International (MGM) Expected to Announce Earnings on Wednesday

MGM Resorts International (NYSE:MGM - Get Free Report) is expected to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect MGM Resorts International to post earnings of $0.37 per share and revenue of $4.27 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

MGM Resorts International Stock Down 0.9 %

MGM stock traded down $0.31 during trading on Wednesday, reaching $34.24. 4,199,512 shares of the stock were exchanged, compared to its average volume of 4,793,826. The firm's 50 day moving average is $34.65 and its 200 day moving average is $37.12. The firm has a market cap of $10.19 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 2.93 and a beta of 2.20. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 1.63. MGM Resorts International has a twelve month low of $31.61 and a twelve month high of $48.24.

Insider Activity

In related news, Director Keith A. Meister sold 51,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $36.57, for a total value of $1,865,070.00. Following the transaction, the director now owns 5,687,478 shares in the company, valued at approximately $207,991,070.46. This represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.83% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MGM shares. Mizuho cut their target price on MGM Resorts International from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. BTIG Research lowered shares of MGM Resorts International from a "buy" rating to a "neutral" rating in a research note on Monday. Truist Financial decreased their target price on shares of MGM Resorts International from $54.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Jefferies Financial Group dropped their price target on shares of MGM Resorts International from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, JMP Securities reissued a "market outperform" rating and set a $50.00 price objective on shares of MGM Resorts International in a report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, MGM Resorts International has a consensus rating of "Moderate Buy" and an average target price of $51.93.

MGM Resorts International Company Profile

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. 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.