Top MarketRank™ StocksTop MarketRank™NYSE:MGM MGM Resorts International (MGM) Stock Price, News & Analysis $39.67 +0.05 (+0.13%) (As of 02:57 PM 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 Key Stats Today's Range$38.65▼$39.6850-Day Range$34.10▼$42.9852-Week Range$33.44▼$48.24Volume1.89 million shsAverage Volume4.11 million shsMarket Capitalization$12.44 billionP/E Ratio15.26Dividend YieldN/APrice Target$53.93Consensus 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… CRUSHED: How Biden's Replacement Will Devastate Your 401(k)! (Ad)Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.>> Get Your FREE Wealth Protection Guide << MGM Resorts International Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks100th Percentile Overall ScoreMGM MarketRank™: MGM Resorts International scored higher than 100% of companies evaluated by MarketBeat, and ranked 2nd out of 293 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 2.81, 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. Earnings and Valuation3.8 / 5Proj. Earnings Growth12.93% Earnings GrowthEarnings for MGM Resorts International are expected to grow by 12.93% in the coming year, from $2.63 to $2.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGM Resorts International is 15.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.50.Price to Earnings Ratio vs. SectorThe P/E ratio of MGM Resorts International is 15.20, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.34.Price to Earnings Growth RatioMGM Resorts International has a PEG Ratio of 0.68. 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 3.11. P/B Ratios above 3 indicate that a company could be overvalued 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 Shorted7.21% 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 3.7, 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 3.68%, 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 0.38%. 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 0.34% 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 Shorted7.21% 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 3.7, 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 3.68%, indicating that investor sentiment is improving. News and Social Media2.7 / 5News Sentiment0.93 News SentimentMGM Resorts International has a news sentiment score of 0.93. 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 higher news sentiment than the 0.60 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 13 news articles for MGM Resorts International this week, compared to 10 articles on an average week.Search InterestOnly 15 people have searched for MGM on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added MGM Resorts International to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days. Company Ownership3.3 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn the past three months, MGM Resorts International insiders have bought 64.57% more of their company's stock than they have sold. Specifically, they have bought $7,312,197.00 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. MGM Stock News HeadlinesDraftKings Is the Real MVP of the 2025 NFL Football Season (MGM)DraftKings stock rises with the NFL season, boosted by live betting, BetVision, and fantasy sports. Learn why DKNG is a top pick for investors in sports bettingOctober 1 at 7:00 AM | marketbeat.comPENN Entertainment Eyes ESPN BET to Score Big in 2024 NFL Season (MGM)PENN Entertainment Inc. (NASDAQ: PENN) is an integrated entertainment experience provider encompassing land-based casinos, iGaming, and digital sports betting.September 17, 2024 | marketbeat.comOnly 1% of people know about these Hotspot DatesDid you know almost every stock in the market has multiple “Hotspot Dates”? They indicate when the stock has gone up on the same dates… at the same time… FOR DECADES For example, have you ever traded a stock called Constellation Energy (ticker: CEG)? Maybe not… Energy stocks haven’t received much love over the past 12 months. But anybody who knew about the “Hotspot Date” during the last week in January…October 3, 2024 | WealthPress (Ad)Insider Selling: MGM Resorts International (NYSE:MGM) Director Sells 121,000 Shares of StockSeptember 14, 2024 | insidertrades.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 toSeptember 5, 2024 | marketbeat.comMGM Resorts International Announces Third Quarter 2024 Earnings Release DateOctober 2 at 9:00 AM | prnewswire.comMGM Resorts International (NYSE:MGM) Given New $52.00 Price Target at Deutsche Bank AktiengesellschaftOctober 2 at 4:01 AM | americanbankingnews.comMGM Resorts: A Buy Rating on Long-Term Growth and Undervaluation Despite Near-Term ChallengesSeptember 30 at 10:04 PM | markets.businessinsider.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 start of the year. Since then, MGM shares have decreased by 11.5% and is now trading at $39.52. View the best growth stocks for 2024 here. How were MGM Resorts International's earnings last quarter? MGM Resorts International (NYSE:MGM) issued its quarterly earnings data on Wednesday, July, 31st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.20. The business'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 initiated a stock buyback plan on Wednesday, November 8th 2023, which authorizes the company to repurchase $2,000,000,000 in shares, according to EventVestor. This means that the company could buy up to 14.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its shares are undervalued. Does MGM Resorts International have any subsidiaries? MGM Resorts International subsidiaries include these companies: 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? Top institutional investors of MGM Resorts International include Czech National Bank (0.01%). 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, 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). Company Calendar Last Earnings7/31/2024Today10/03/2024Next 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+36.1%Consensus RatingModerate Buy Rating Score (0-4)2.81 Research Coverage16 Analysts Profitability EPS (Most Recent Fiscal Year)$2.60 Trailing P/E Ratio15.24 Forward P/E Ratio15.06 P/E Growth0.68Net 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 / Sales0.73 Cash Flow$5.66 per share Price / Cash Flow7.00 Book Value$12.69 per share Price / Book3.12Miscellaneous Outstanding Shares313,680,000Free Float306,999,000Market Cap$12.43 billion OptionableOptionable Beta2.22 Social Links This page (NYSE:MGM) was last updated on 10/3/2024 by MarketBeat.com Staff From Our PartnersKamala’s tax plan is worse than you think—find out whyBuffett's been eerily quiet about his reasons, but his actions speak volumes. 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