Seaport Res Ptn Issues Pessimistic Forecast for MGM Earnings

MGM Resorts International (NYSE:MGM - Free Report) - Analysts at Seaport Res Ptn reduced their FY2025 EPS estimates for MGM Resorts International in a research report issued to clients and investors on Thursday, February 13th. Seaport Res Ptn analyst V. Umansky now anticipates that the company will post earnings per share of $2.22 for the year, down from their prior forecast of $2.32. The consensus estimate for MGM Resorts International's current full-year earnings is $2.37 per share. Seaport Res Ptn also issued estimates for MGM Resorts International's FY2026 earnings at $2.83 EPS and FY2027 earnings at $3.25 EPS.

MGM Resorts International (NYSE:MGM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.08. MGM Resorts International had a net margin of 5.23% and a return on equity of 25.84%.

MGM has been the topic of several other research reports. Morgan Stanley raised their target price on shares of MGM Resorts International from $43.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. BTIG Research lowered MGM Resorts International from a "buy" rating to a "neutral" rating in a research note on Monday, February 3rd. Susquehanna Bancshares raised their price target on MGM Resorts International from $53.00 to $56.00 in a research note on Wednesday, February 12th. Capital One Financial raised their price target on MGM Resorts International from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus raised their price target on MGM Resorts International from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $51.47.

MGM Resorts International Trading Down 4.3 %

Shares of MGM Resorts International stock traded down $1.70 on Friday, hitting $38.12. The stock had a trading volume of 6,062,168 shares, compared to its average volume of 5,268,659. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 1.63. MGM Resorts International has a one year low of $31.61 and a one year high of $48.24. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 2.94 and a beta of 2.20. The stock's 50-day simple moving average is $34.48 and its two-hundred day simple moving average is $36.76.

Insider Buying and Selling at MGM Resorts International

In other news, Director Keith A. Meister sold 51,000 shares of MGM Resorts International stock in a transaction dated 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 completion of the transaction, the director now owns 5,687,478 shares of the company's stock, valued at $207,991,070.46. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.13% of the company's stock.

Hedge Funds Weigh In On MGM Resorts International

Several large investors have recently modified their holdings of the stock. Davis Selected Advisers raised its position in shares of MGM Resorts International by 4.6% in the 4th quarter. Davis Selected Advisers now owns 19,920,713 shares of the company's stock worth $690,253,000 after purchasing an additional 882,417 shares during the last quarter. Invesco Ltd. raised its position in shares of MGM Resorts International by 22.5% in the 4th quarter. Invesco Ltd. now owns 5,785,343 shares of the company's stock worth $200,462,000 after purchasing an additional 1,063,707 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of MGM Resorts International by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,547,883 shares of the company's stock worth $177,777,000 after purchasing an additional 90,645 shares during the last quarter. Marshall Wace LLP raised its position in shares of MGM Resorts International by 50.9% in the 4th quarter. Marshall Wace LLP now owns 3,233,718 shares of the company's stock worth $112,048,000 after purchasing an additional 1,090,533 shares during the last quarter. Finally, Goldentree Asset Management LP raised its position in shares of MGM Resorts International by 86.4% in the 3rd quarter. Goldentree Asset Management LP now owns 3,000,000 shares of the company's stock worth $117,270,000 after purchasing an additional 1,390,599 shares during the last quarter. Hedge funds and other institutional investors own 68.11% of the company's stock.

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.