NYSE:MGM MGM Resorts International (MGM) Stock Price, News & Analysis $37.37 -0.18 (-0.48%) (As of 11/27/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About MGM Resorts International Stock (NYSE:MGM) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get MGM alerts:Sign Up Key Stats Today's Range$37.12▼$38.0650-Day Range$36.23▼$41.9952-Week Range$33.44▼$48.24Volume3.18 million shsAverage Volume4.09 million shsMarket Capitalization$11.13 billionP/E Ratio13.35Dividend YieldN/APrice Target$52.85Consensus RatingModerate Buy Company OverviewMGM 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… The Great AI-Energy Collision (Ad)The biggest players in AI and tech are desperate to bring this limitless power source online. And fast. It’s the only way they can compete in their race for AI dominance. A handful of energy stocks are going to emerge from this transformation to dominate the sector. Get the full story here, while you still can. MGM Resorts International Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks96th Percentile Overall ScoreMGM MarketRank™: MGM Resorts International scored higher than 96% of companies evaluated by MarketBeat, and ranked 16th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.4 / 5Analyst RatingModerate Buy Consensus RatingMGM Resorts International has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageMGM Resorts International has been the subject of 7 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. Earnings and Valuation1.3 / 5Proj. Earnings Growth-7.60% Earnings GrowthEarnings for MGM Resorts International are expected to decrease by -7.60% in the coming year, from $2.50 to $2.31 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGM Resorts International is 13.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.60.Price to Earnings Ratio vs. SectorThe P/E ratio of MGM Resorts International is 13.35, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 19.97.Price to Earnings Growth RatioMGM Resorts International has a PEG Ratio of 2.74. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGM Resorts International has a P/B Ratio of 2.91. 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted5.95% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MGM Resorts International has recently decreased by 1.22%, indicating that investor sentiment is improving. Dividend1.7 / 5Dividend StrengthWeak 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 0.36%. 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 0.43% 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. Sustainability and ESG1.8 / 5Environmental Score-3.39 Percentage of Shares Shorted5.95% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MGM Resorts International has recently decreased by 1.22%, indicating that investor sentiment is improving. News and Social Media2.9 / 5News Sentiment0.30 News SentimentMGM Resorts International has a news sentiment score of 0.30. 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 is a lower news sentiment than the 0.75 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 16 news articles for MGM Resorts International this week, compared to 10 articles on an average week.Search Interest20 people have searched for MGM on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.MarketBeat Follows18 people have added MGM Resorts International to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, MGM Resorts International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,443,120.00 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. 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 MGM Stock News HeadlinesMGM vs. Las Vegas Sands: Which Casino Stock Is the Better Bet?Casino stocks MGM and Las Vegas Sands recover post-COVID. With MGM trading at a discount, we explore which stock may hold more upside for investors into 2025.November 7, 2024 | marketbeat.comThree Reasons to Avoid MGM and One Stock to Buy InsteadNovember 26 at 2:06 PM | finance.yahoo.comTrump’s “Magic Pattern” targets stock market boomAccording to millionaire-trader Jeff Clark, President Trump's bold agenda is poised to unleash a historic trading opportunity. Already, Trump's sweeping victory has launched the DOW, NASDAQ, and BITCOIN to record highs. And now, Jeff has identified a group of niche-sectors poised to surge as President Trump fuels America's economic renaissance.November 28, 2024 | InvestorPlace (Ad)MGM Resorts International (NYSE:MGM) Price Target Cut to $50.00 by Analysts at JMP SecuritiesNovember 26 at 4:57 AM | americanbankingnews.comMGM Resorts price target lowered to $50 from $54 at JMP SecuritiesNovember 26 at 4:04 AM | markets.businessinsider.comMGM Resorts International stock underperforms Monday when compared to competitors despite daily gainsNovember 26 at 4:04 AM | marketwatch.comMGM RESORTS LEADS THE CHARGE AT LAS VEGAS GRAND PRIX WITH EXCLUSIVE EVENTS AND STAR POWERNovember 25 at 3:49 PM | prnewswire.comBetMGM Rewards Points Now Combined Into Single, Digital WalletNovember 25 at 1:45 PM | prnewswire.comSee More Headlines MGM Stock Analysis - Frequently Asked Questions How have MGM shares performed this year? MGM Resorts International's stock was trading at $44.68 at the beginning of 2024. Since then, MGM shares have decreased by 16.4% and is now trading at $37.37. View the best growth stocks for 2024 here. How were MGM Resorts International's earnings last quarter? MGM Resorts International (NYSE:MGM) released its earnings results on Wednesday, October, 30th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by $0.04. The firm's revenue for the quarter was up 5.3% 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 program on Wednesday, November 8th 2023, which authorizes the company to buy back $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 programs are typically an indication that the company's management believes its stock is undervalued. 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 others. Who are MGM Resorts International's major shareholders? Top institutional investors of MGM Resorts International include State Street Corp (3.14%), Geode Capital Management LLC (1.81%), Fisher Asset Management LLC (1.53%) and Goldentree Asset Management LP (1.01%). 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 and Alexis Herman. 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 Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Salesforce (CRM), Verizon Communications (VZ), Tesla (TSLA) and Humana (HUM). Company Calendar Last Earnings10/30/2024Today11/28/2024Fiscal Year End12/31/2024Next Earnings (Estimated)2/11/2025Get 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$52.85 High Stock Price Target$63.00 Low Stock Price Target$44.00 Potential Upside/Downside+41.4%Consensus RatingModerate Buy Rating Score (0-4)2.79 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$2.80 Trailing P/E Ratio13.35 Forward P/E Ratio14.95 P/E Growth2.74Net Income$1.14 billion Net Margins5.23% Pretax Margin7.13% Return on Equity25.84% Return on Assets2.45% Debt Debt-to-Equity Ratio1.63 Current Ratio1.24 Quick Ratio1.21 Sales & Book Value Annual Sales$17.27 billion Price / Sales0.64 Cash Flow$5.13 per share Price / Cash Flow7.28 Book Value$12.84 per share Price / Book2.91Miscellaneous Outstanding Shares297,740,000Free Float289,314,000Market Cap$11.13 billion OptionableOptionable Beta2.23 Social Links 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? 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