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MGM Resorts (GB:0JWC)
LSE:0JWC
Holding GB:0JWC?
Track your performance easily
0JWC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$33.48 - $47.54
Previous Close$37.08
Volume2.30K
Average Volume (3M)23.49K
Market Cap
$11.36B
Enterprise Value$40.99B
Total Cash (Recent Filing)$2.41B
Total Debt (Recent Filing)$31.40B
Price to Earnings (P/E)14.0
Beta1.33
Next Earnings
Oct 30, 2024EPS Estimate
$0.59Last Dividend Ex-Date
Dec 08, 2022Dividend YieldN/A
Share Statistics
EPS (TTM)2.65
Shares Outstanding303,769,722
10 Day Avg. Volume10,684
30 Day Avg. Volume23,490
Standard Deviation0.16
R-Squared0.49
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)-3.16
Price to Sales (P/S)0.67
Price to Cash Flow (P/CF)6.00
P/FCF Ratio12.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.40
Enterprise Value/Gross Profit5.39
Enterprise Value/Ebitda14.83
Forecast
1Y Price Target
$55.67Price Target Upside50.13% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
MGM Resorts News
PremiumCompany Announcements
MGM Resorts Expands Board, Appoints Keith Barr
Bulls Say, Bears Say
Bulls Say
Digital GrowthThe Int'l Digital business is on the cusp of an inflection that could drive a ~$300M beneficial swing in EBITDAR over the next few years.
EarningsMGM's 2Q24 results exceeded expectations across all segments, and results/commentary were generally bullish.
Market PositionMGM sits at the global epicenter of sports/entertainment in Vegas and stands out given its luxury offering.
Bears Say
Financial PerformanceMGM sees a $30M potential 4Q24 EBITDA gap, based on current F1 bookings trends vs. prior.
Market GrowthChina forecasts move slightly lower to reflect a moderation in market growth and steady mid-teens share.
ProfitabilityModel adjustments following BetMGM's announcement earlier in the week will result in meaningful cuts to profitability estimates.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
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Website Traffic
The estimated number of people who visited one or more of the websites owned by MGM Resorts
Desktop Users
Mobile Users
0JWC FAQ
What was MGM Resorts’s price range in the past 12 months?
MGM Resorts lowest share price was $33.48 and its highest was $47.54 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 Oct 30, 2024 which is in 60 days.
How were MGM Resorts’s earnings last quarter?
MGM Resorts released its earnings results on Jul 31, 2024. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.603 by $0.257.
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 $0.59.
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 $0.86 in its last earnings report, beating expectations of $0.603. Following the earnings report the stock price went down -15.028%.
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
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Analyst Consensus
Strong Buy
Average Price Target:
$55.67 (50.13% Upside)
$55.67 (50.13% Upside)
Blogger Sentiment
Bullish
GB:0JWC Sentiment 90%
Sector Average 65%
Sector Average 65%
Insider Transactions
Bought Shares
Worth $1.7M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-14.62%
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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0JWC Company Deck
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0JWC Earnings Call
Q2 2024
0:00 / 0:00
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0JWC Net revenue Breakdown
54.44% Las Vegas Strip Resorts
22.71% Regional Operations
19.51% MGM China
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0JWC Stock 12 Month Forecast
Average Price Target
$55.67
▲(50.13% Upside)
Technical Analysis
MGM Resorts
―
Wynn Resorts
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Las Vegas Sands
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Caesars Entertainment
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Full House Resorts
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Best Analysts Covering 0JWC
1 Year
1 Year Success Rate
14/21 ratings generated profit
1 Year Average Return
+8.80%
reiterated a buy rating last month
Copying Steven Wieczynski's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +8.80% per trade.
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