MGM Resorts International (MGM) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $37.47 to $38.23
• 50-Day Range: $34.10 to $46.79
• 52-Week Range: $33.44 to $48.24
• Volume: 5.96 million shs
• Average Volume: 4.05 million shs
• Market Capitalization: $11.84 billion
• P/E Ratio: 14.52
• Dividend Yield: N/A
• Price Target: $53.93
• Consensus Rating: Moderate Buy

MGM Resorts International Stock Analysis - MarketRank™

MGM Resorts International scored higher than 99% of companies evaluated by MarketBeat, and ranked 5th out of 297 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

MGM 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 Coverage

MGM Resorts International has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 13.81%

Earnings Growth

Earnings for MGM Resorts International are expected to grow by 13.81% in the coming year, from $2.68 to $3.05 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MGM Resorts International is 14.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.24.

Price to Earnings Ratio vs. Sector

The P/E ratio of MGM Resorts International is 14.52, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.35.

Price to Earnings Growth Ratio

MGM Resorts International has a PEG Ratio of 0.64. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

MGM Resorts International has a P/B Ratio of 2.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.48% of the float of MGM Resorts International has been sold short.

Short Interest Ratio / Days to Cover

MGM Resorts International has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in MGM Resorts International has recently increased by 17.96%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

MGM Resorts International does not currently pay a dividend.

Dividend Growth

MGM Resorts International does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of MGM Resorts International is 0.38%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, MGM Resorts International will have a dividend payout ratio of 0.33% next year. This indicates that MGM Resorts International will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -3.39

Percentage of Shares Shorted

7.48% of the float of MGM Resorts International has been sold short.

Short Interest Ratio / Days to Cover

MGM Resorts International has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in MGM Resorts International has recently increased by 17.96%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.67

News Sentiment

MGM Resorts International has a news sentiment score of 0.67. 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 0.51 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for MGM Resorts International this week, compared to 11 articles on an average week.

Search Interest

Only 12 people have searched for MGM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added MGM Resorts International to their MarketBeat watchlist in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In 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 Insiders

Only 2.13% of the stock of MGM Resorts International is held by insiders.

Percentage Held by Institutions

68.11% 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.

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 15.5% and is now trading at $37.75.
View the best growth stocks for 2024 here.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) posted its quarterly earnings results on Wednesday, July, 31st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.66 by $0.20. MGM Resorts International's revenue 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 of Directors authorized a share repurchase program on Wednesday, November 8th 2023, which allows the company to repurchase $2,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 14.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Does MGM Resorts International have any subsidiaries?

MGM Resorts International subsidiaries include 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?

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).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Hotels & motels
• Sub-Industry: Casinos & Gaming
• Current Symbol: NYSE:MGM
• CUSIP: 55295310
• CIK: 789570
• Web: www.mgmresorts.com
• Phone: (702) 693-7120
• Fax: 702-693-8626
• Employees: 63,000
• Year Founded: 1986

Price Target and Rating

• Average Stock Price Target: $53.93
• High Stock Price Target: $63.00
• Low Stock Price Target: $43.00
• Potential Upside/Downside: +42.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.81
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.60
• Trailing P/E Ratio: 14.52
• Forward P/E Ratio: 14.09
• P/E Growth: 0.64
• Net Income: $1.14 billion
• Net Margins: 5.15%
• Pretax Margin: 6.79%
• Return on Equity: 26.36%
• Return on Assets: 2.59%

Debt

• Debt-to-Equity Ratio: 1.65
• Current Ratio: 1.47
• Quick Ratio: 1.42

Sales & Book Value

• Annual Sales: $17.06 billion
• Price / Sales: 0.69
• Cash Flow: $5.62 per share
• Price / Cash Flow: 6.72
• Book Value: $12.69 per share
• Price / Book: 2.97

Miscellaneous

• Outstanding Shares: 313,680,000
• Free Float: 306,999,000
• Market Cap: $11.84 billion
• Optionable: Optionable
• Beta: 2.22