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MGM Resorts (MGM)
NYSE:MGM
Holding MGM?
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MGM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$33.44 - $48.25
Previous Close$41.41
Volume13.59M
Average Volume (3M)4.85M
Market Cap
$12.58B
Enterprise Value$42.25B
Total Cash (Recent Filing)$2.95B
Total Debt (Recent Filing)$32.00B
Price to Earnings (P/E)15.6
Beta1.65
Next Earnings
Feb 12, 2025EPS Estimate
$0.43Last Dividend Ex-Date
Dec 08, 2022Dividend YieldN/A
Share Statistics
EPS (TTM)2.65
Shares Outstanding303,769,722
10 Day Avg. Volume3,525,476
30 Day Avg. Volume4,851,213
Standard Deviation0.15
R-Squared0.56
Alpha-0.00951
Financial Highlights & Ratios
Price to Book (P/B)3.91
Price to Sales (P/S)0.75
Price to Cash Flow (P/CF)6.70
P/FCF Ratio13.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.45
Enterprise Value/Gross Profit5.55
Enterprise Value/Ebitda15.33
Forecast
1Y Price Target
$50.14Price Target Upside35.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
MGM Resorts News
Bulls Say, Bears Say
Bulls Say
Profitability And Financial PerformanceBetMGM achieved profitability in 3Q and recently launched single app single wallet in Nevada.
Shareholder Confidence And Financial StrategyManagement executed a significant share repurchase program worth nearly $8 billion post-pandemic, showcasing confidence in the company's future.
Strategic Growth And ExpansionMGM has a solid liquidity base of $4.8 billion and potential opportunities in new markets like New York, Thailand, and the UAE.
Bears Say
Financial PerformanceMGM's shares traded down as Las Vegas and Macau results were below investor expectations, highlighting financial challenges.
Market TrendsLower market share in Macau and upcoming capital expenditure projects may pressure MGM's free cash flow profile due to higher operating leverage.
ProfitabilityModel adjustments following BetMGM's announcement are expected to lead to significant cuts in profitability estimates, with anticipated losses higher than originally guided.
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Ownership Overview
2.87% Insiders
19.26% Mutual Funds
1.34% Other Institutional Investors
58.88% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by MGM Resorts
Desktop Users
Mobile Users
MGM FAQ
What was MGM Resorts’s price range in the past 12 months?
MGM Resorts lowest stock price was $33.44 and its highest was $48.24 in the past 12 months.
What is MGM Resorts’s market cap?
Currently, no data Available
When is MGM Resorts’s upcoming earnings report date?
MGM Resorts’s upcoming earnings report date is Feb 12, 2025 which is in 103 days.
How were MGM Resorts’s earnings last quarter?
MGM Resorts released its earnings results on Oct 30, 2024. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.552 by -$0.012.
Is MGM Resorts overvalued?
According to Wall Street analysts MGM Resorts’s price is currently Undervalued.
Does MGM Resorts pay dividends?
MGM Resorts pays a Quarterly dividend of <$0.01 which represents an annual dividend yield of N/A. See more information on MGM Resorts dividends here
What is MGM Resorts’s EPS estimate?
MGM Resorts’s EPS estimate is $0.43.
How many shares outstanding does MGM Resorts have?
MGM Resorts has 303,769,700 shares outstanding.
What happened to MGM Resorts’s price movement after its last earnings report?
MGM Resorts reported an EPS of $0.54 in its last earnings report, missing expectations of $0.552. Following the earnings report the stock price went down -10.964%.
Which hedge fund is a major shareholder of MGM Resorts?
Among the largest hedge funds holding MGM Resorts’s share is Davis Selected Advisers. It holds MGM Resorts’s shares valued at 529M.
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MGM Resorts Stock Smart Score
Unlock Smart Score
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
$50.14 (35.99% Upside)
$50.14 (35.99% Upside)
Blogger Sentiment
Bullish
MGM Sentiment 89%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 1.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $2.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.3%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
5.58%
12-Months-Change
Fundamentals
Return on Equity
23.05%
Trailing 12-Months
Asset Growth
-2.54%
Trailing 12-Months
Company Description
MGM Resorts
MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George's County, Maryland; and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.
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MGM Company Deck
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MGM Earnings Call
Q3 2024
0:00 / 0:00
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MGM Net revenue Breakdown
54.44% Las Vegas Strip Resorts
22.71% Regional Operations
19.51% MGM China
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MGM Stock 12 Month Forecast
Average Price Target
$50.14
▲(35.99% Upside)
Technical Analysis
Best Analysts Covering MGM
1 Year
1 Year Success Rate
15/20 ratings generated profit
1 Year Average Return
+11.22%
reiterated a buy rating 2 days ago
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