Top MarketRank™ StocksTop MarketRank™NYSE:MGM MGM Resorts International (MGM) Stock Price, News & Analysis $35.01 -0.80 (-2.23%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$34.87â–Ľ$36.0350-Day Range$34.10â–Ľ$46.7952-Week Range$33.44â–Ľ$48.24Volume5.82 million shsAverage Volume4.02 million shsMarket Capitalization$10.98 billionP/E Ratio13.47Dividend YieldN/APrice Target$53.93 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get MGM Resorts International alerts: Email Address MGM Resorts International MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.81 Rating ScoreUpside/Downside54.1% Upside$53.93 Price TargetShort InterestBearish6.29% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.39Upright™ Environmental ScoreNews Sentiment0.55Based on 13 Articles This WeekInsider TradingAcquiring Shares$7.31 M Bought Last QuarterProj. Earnings Growth12.00%From $2.75 to $3.08 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.95 out of 5 starsConsumer Discretionary Sector1st out of 269 stocksHotels & Motels Industry1st out of 27 stocks 4.4 Analyst's Opinion Consensus RatingMGM Resorts International has received a consensus rating of Moderate Buy. The company's average rating score is 2.81, and is based on 13 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageMGM Resorts International has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about MGM Resorts International's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.29% of the float of MGM Resorts International has been sold short.Short Interest Ratio / Days to CoverMGM Resorts International has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MGM Resorts International has recently increased by 34.71%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldMGM Resorts International does not currently pay a dividend.Dividend GrowthMGM Resorts International does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of MGM Resorts International is 0.38%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MGM Resorts International will have a dividend payout ratio of 0.32% next year. This indicates that MGM Resorts International will be able to sustain or increase its dividend.Read more about MGM Resorts International's dividend. Previous Next 1.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGM Resorts International has received a -7.69% net impact score from Upright. The largest negative impact of MGM Resorts in category "GHG emissions" seems to be driven mostly by its "City hotel services", "Apartment hotels", "Spa resort services", and "Holiday resort services" products. See details.Environmental SustainabilityThe Environmental Impact score for MGM Resorts International is -3.39. Previous Next 2.0 News and Social Media Coverage News SentimentMGM Resorts International has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 13 news articles for MGM Resorts International this week, compared to 11 articles on an average week.Search InterestOnly 14 people have searched for MGM on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added MGM Resorts International to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGM Resorts International insiders have bought 29.80% more of their company's stock than they have sold. Specifically, they have bought $7,312,197.00 in company stock and sold $5,633,292.00 in company stock.Percentage Held by InsidersOnly 2.13% of the stock of MGM Resorts International is held by insiders.Percentage Held by Institutions68.11% of the stock of MGM Resorts International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about MGM Resorts International's insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for MGM Resorts International are expected to grow by 12.00% in the coming year, from $2.75 to $3.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGM Resorts International is 13.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.87.Price to Earnings Ratio vs. SectorThe P/E ratio of MGM Resorts International is 13.47, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.53.Price to Earnings Growth RatioMGM Resorts International has a PEG Ratio of 0.66. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioMGM Resorts International has a P/B Ratio of 2.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about MGM Resorts International's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm Press Fmr CIA Advisor reveals PEACEMAKER superweaponKamala cannot get the “codes” to this superweapon. In Trump’s hands, it will restore America’s global dominance. It could also help Americans struggling under Bidenomics by potentially sending 5 military stocks SOARING. Historically, similar stocks have shot up 16,270% in just 18 months.Full details are in this announcement. About MGM Resorts International Stock (NYSE:MGM)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. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. 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.Read More MGM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGM Stock News HeadlinesSeptember 5 at 1:51 PM | marketbeat.comNew Jersey says Borgata, Atlantic City's top casino, underpaid its online gambling taxes by $1.1MNew Jersey gambling regulators say Atlantic City’s top-performing casino, the Borgata, underpaid some of its internet gambling taxes twice by taking almost $15 million more in credits than it was entitled toAugust 29, 2024 | insidertrades.comMGM Insiders Bet Big on Its Undervalued StockSeptember 7, 2024 | Sasco Gold LLC (Ad)Say Goodbye to the US DollarThe warning signs are everywhere… According to experts, the United States Dollar is "as good as doomed." I believe the American people deserve to control the fate of their own life savings which is why I had my team put together our latest guide to protect your hard-earned wealth before it's too late... August 7, 2024 | insidertrades.comMGM Resorts International (NYSE:MGM) CFO Purchases $340,000.00 in StockSeptember 6 at 5:33 AM | americanbankingnews.comMGM Resorts International (NYSE:MGM) Price Target Lowered to $43.00 at Morgan StanleySeptember 4 at 5:29 AM | ca.finance.yahoo.comMGM Sep 2024 32.000 putSeptember 3, 2024 | markets.businessinsider.comMGM Resorts To Offer $750 Mln Of Senior NotesSeptember 3, 2024 | markets.businessinsider.comMGM Resorts Prices $850 Mln Senior Notes Due 2029September 7, 2024 | Sasco Gold LLC (Ad)Say Goodbye to the US DollarThe warning signs are everywhere… According to experts, the United States Dollar is "as good as doomed." I believe the American people deserve to control the fate of their own life savings which is why I had my team put together our latest guide to protect your hard-earned wealth before it's too late... September 3, 2024 | msn.comIs MGM Resorts International (MGM) The Best Sports Betting Stock to Buy Now?September 3, 2024 | prnewswire.comMGM Resorts International Prices $850,000,000 in Senior NotesSeptember 3, 2024 | prnewswire.comMGM Resorts International Announces Proposed Senior Notes OfferingAugust 30, 2024 | prnewswire.comMGM RESORTS & BETMGM TO INCREASE RESPONSIBLE GAMING MESSAGING AT NFL STADIUMS DURING UPCOMING SEASONAugust 29, 2024 | finance.yahoo.comReflecting On Casino Operator Stocks’ Q2 Earnings: MGM Resorts (NYSE:MGM)August 29, 2024 | americanbankingnews.comMGM Resorts International (NYSE:MGM) Receives Average Recommendation of "Moderate Buy" from AnalystsAugust 27, 2024 | prnewswire.comMGM COLLECTION UNVEILS FIRST FOUNTAINS OF BELLAGIO SHOW CHOREOGRAPHED BY A GUESTAugust 22, 2024 | prnewswire.comBetMGM Sports Betting App Leads Industry with Only Seamless Nationwide Access for Nevada BettorsAugust 21, 2024 | prnewswire.comMGM RESORTS WELCOMES GLOBAL HOSPITALITY LEADER KEITH BARR TO BOARD OF DIRECTORSSee More Headlines Receive MGM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGM Resorts International and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/31/2024Today9/07/2024Next Earnings (Estimated)11/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConsumer Discretionary Industry Hotels & motels Sub-IndustryCasinos & Gaming Current SymbolNYSE:MGM CUSIP55295310 CIK789570 Webwww.mgmresorts.com Phone(702) 693-7120Fax702-693-8626Employees63,000Year Founded1986Price Target and Rating Average Stock Price Target$53.93 High Stock Price Target$63.00 Low Stock Price Target$43.00 Potential Upside/Downside+54.1%Consensus RatingModerate Buy Rating Score (0-4)2.81 Research Coverage16 Analysts Profitability EPS (Most Recent Fiscal Year)$2.60 Trailing P/E Ratio13.47 Forward P/E Ratio12.73 P/E Growth0.66Net Income$1.14 billion Net Margins5.15% Pretax Margin6.79% Return on Equity26.36% Return on Assets2.59% Debt Debt-to-Equity Ratio1.65 Current Ratio1.47 Quick Ratio1.42 Sales & Book Value Annual Sales$17.06 billion Price / Sales0.64 Cash Flow$4.90 per share Price / Cash Flow7.14 Book Value$12.56 per share Price / Book2.79Miscellaneous Outstanding Shares313,680,000Free Float306,999,000Market Cap$10.98 billion OptionableOptionable Beta2.22 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for September 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. William Joseph Hornbuckle IV (Age 66)President, CEO & Director Comp: $7MMr. Jonathan S. Halkyard (Age 59)CFO & Treasurer Comp: $3.09MMr. Corey Ian Sanders (Age 60)Chief Operating Officer Comp: $3.88MMr. John M. McManus Esq. (Age 57)Chief Legal & Administrative Officer and Secretary Comp: $2.27MMr. Gary M. Fritz (Age 50)President of MGM Resorts International Interactive Comp: $2.65MMr. Todd R. Meinert (Age 49)Senior VP & Chief Accounting Officer Andrew ChapmanDirector of Investor RelationsMr. Jeff MochalSenior Vice President of Corporate CommunicationsMs. Jyoti Chopra (Age 60)Senior VP and Chief People, Inclusion & Sustainability Officer Ms. Jennifer D. Michaels (Age 55)Senior Vice President of Public Relations More ExecutivesKey CompetitorsLas Vegas SandsNYSE:LVSAdvanced Drainage SystemsNYSE:WMSChurchill DownsNASDAQ:CHDNWynn ResortsNASDAQ:WYNNCaesars EntertainmentNASDAQ:CZRView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 32,243 shares on 9/5/2024Ownership: 0.010%Teachers Retirement System of The State of KentuckySold 611 shares on 8/26/2024Ownership: 0.007%Cetera Investment AdvisersBought 2,174 shares on 8/22/2024Ownership: 0.021%Truist Financial CorpSold 11,144 shares on 8/21/2024Ownership: 0.020%B. Riley Wealth Advisors Inc.Sold 1,128 shares on 8/19/2024Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions MGM Stock Analysis - Frequently Asked Questions How have MGM shares performed this year? MGM Resorts International's stock was trading at $44.68 on January 1st, 2024. Since then, MGM shares have decreased by 21.6% and is now trading at $35.01. View the best growth stocks for 2024 here. How were MGM Resorts International's earnings last quarter? MGM Resorts International (NYSE:MGM) posted its earnings results on Wednesday, July, 31st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.20. MGM Resorts International's revenue for the quarter was up 9.8% compared to the same quarter last year. Read the conference call transcript. Is MGM Resorts International buying back stock? MGM Resorts International's board approved a stock buyback plan on Wednesday, November 8th 2023, which permits the company to repurchase $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 14.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued. What is Bill Hornbuckle's approval rating as MGM Resorts International's CEO? 83 employees have rated MGM Resorts International Chief Executive Officer Bill Hornbuckle on Glassdoor.com. Bill Hornbuckle has an approval rating of 65% among the company's employees. Does MGM Resorts International have any subsidiaries? The following companies are subsidiaries of MGM Resorts International: San Antonio Starts, Borgata Hotel Casino and Spa, Mirage Resorts LLC, 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, and more. Who are MGM Resorts International's major shareholders? MGM Resorts International's top institutional shareholders include Davis Selected Advisers (3.80%), Dimensional Fund Advisors LP (0.98%), Bank of New York Mellon Corp (0.47%) and Hsbc Holdings PLC (0.46%). Insiders that own company stock include Iac Inc, Keith A Meister, Paul J Salem, William Hornbuckle, Corey Ian Sanders, John Mcmanus, Jonathan S Halkyard, Janet Swartz, Daniel J Taylor, Rose Mckinney-James, Alexis Herman and Todd Meinert. View institutional ownership trends. How do I buy shares of MGM Resorts International? Shares of MGM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of MGM Resorts International own? Based on aggregate information from My MarketBeat watchlists, some other companies that MGM Resorts International investors own include Walt Disney (DIS), Bank of America (BAC), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA) and Boeing (BA). 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