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MGM Resorts (MGM)
NYSE:MGM
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MGM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$33.28 - $48.25
Previous Close$33.44
Volume8.75M
Average Volume (3M)4.03M
Market Cap
$9.96B
Enterprise Value$39.63B
Total Cash (Recent Filing)$2.95B
Total Debt (Recent Filing)$32.00B
Price to Earnings (P/E)12.0
Beta1.65
Next Earnings
Feb 12, 2025EPS Estimate
$0.39Last Dividend Ex-Date
Dec 08, 2022Dividend YieldN/A
Share Statistics
EPS (TTM)2.80
Shares Outstanding297,740,481
10 Day Avg. Volume4,258,240
30 Day Avg. Volume4,029,275
Standard Deviation0.15
R-Squared0.56
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)3.08
Price to Sales (P/S)0.58
Price to Cash Flow (P/CF)3.80
P/FCF Ratio7.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.29
Enterprise Value/Gross Profit5.21
Enterprise Value/Ebitda14.38
Forecast
1Y Price Target
$48.93Price Target Upside43.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
MGM Resorts News
Bulls Say, Bears Say
Bulls Say
Cost Savings PlanMGM may begin to discuss a $200m cost savings plan that received minimal airtime on the call, but could be material to help change sentiment.
Digital And International ExpansionBalance sheet strength positions MGM to execute on Digital growth, New York, Japan and potentially Thailand.
Share Repurchase ProgramManagement executed a significant share repurchase program worth nearly $8 billion post-pandemic, showcasing confidence in the company's future.
Bears Say
Financial PerformanceMGM's shares traded down in the after hours as Las Vegas and Macau results were light of Street and investor expectations.
Market Share And CompetitionMGM appears to be losing share sequentially in Macau, which presumably gets worse as Londoner comes back online.
Revenue And ProfitabilityVegas RevPAR is slowing, with a particularly difficult event path over the next few months.
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Ownership Overview
2.92% Insiders
20.09% Mutual Funds
24.11% Other Institutional Investors
33.63% 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 $33.28 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 52 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 $0.002 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 $0.39.
How many shares outstanding does MGM Resorts have?
MGM Resorts has 297,740,480 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 744M.
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MGM Resorts Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$48.93 (43.24% Upside)
$48.93 (43.24% Upside)
Blogger Sentiment
Bullish
MGM Sentiment 88%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 11.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.5%
Last 30 Days ▼ 4.0%
Last 30 Days ▼ 4.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-25.72%
12-Months-Change
Fundamentals
Return on Equity
25.08%
Trailing 12-Months
Asset Growth
0.40%
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
Earnings Call Sentiment|Positive
MGM Resorts reported strong financial performance with record-breaking revenues and growth in key segments like Las Vegas and Macau. The company is expanding its international footprint with strategic ventures and developments. However, there are challenges such as declines in table game volumes in Las Vegas and anticipated financial impacts from events like F1, along with cybersecurity incident repercussions.Read More>---
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
$48.93
▲(43.24% Upside)
Technical Analysis
Best Analysts Covering MGM
1 Year
1 Year Success Rate
16/30 ratings generated profit
1 Year Average Return
+2.50%
reiterated a buy rating 5 days ago
Copying Carlo Santarelli's trades and holding each position for 1 Year would result in 53.33% of your transactions generating a profit, with an average return of +2.50% per trade.
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