MGM Resorts/MGM

$42.58

1.28%
-
1D1W1MYTD1YMAX

About MGM Resorts

MGM Resorts International is a holding company. The Company, through subsidiaries, is a global gaming and entertainment company with domestic and international locations. The Company's segments include Las Vegas Strip Resorts, Regional Operations, and MGM China. The Las Vegas Strip Resorts segment consists of casino resorts: Aria (including Vdara), Bellagio, The Cosmopolitan of Las Vegas; MGM Grand Las Vegas, Mandalay Bay (including Delano and Four Seasons), Luxor, New York-New York (including The Park), Excalibur, and Park MGM (including NoMad Las Vegas). The Regional Operations consist of casino properties: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York, and MGM Northfield Park in Northfield Park, Ohio. It operates approximately 16 domestic casino properties.

Ticker

MGM

Sector

Consumer Cyclicals

Trading on

NYSE

Industry

Casinos & Gaming

CEO

William Hornbuckle

Employees

45,000

Headquarters

Las vegas, United States

MGM Resorts Metrics

BasicAdvanced
$13.32B
Market cap
13.26
P/E ratio
$3.17
EPS
2.21
Beta
-
Dividend rate
0.02%
Dividend yield
$13.32B
2.20512
$51.35
$34.12
3.79M
1.571
1.526
168.694
168.934
14.526
2.88%
2.99%
26.48%
3.32%
13.256
0.824
3.601
7.465
0.02%
23.13%
-6.31%
46.3%

What the Analysts think about MGM Resorts

Analyst Ratings

Majority rating from 21 analysts.
Buy

Price Targets

Average projection from 18 analysts.
29.94% upside
High $66.00
Low $46.00
$42.58
Current price
$55.33
Average price target

MGM Resorts Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
7.16% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$4.38B
10.13%
Net income
$313.4M
94.54%
Profit margin
7.16%
76.79%

MGM Resorts Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 48.38%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.44
$0.59
$0.64
$1.06
-
Expected
$0.10
$0.54
$0.49
$0.71
$0.56
Surprise
325.12%
9.01%
31.12%
48.38%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for MGM Resorts stock?

MGM Resorts (MGM) has a market cap of $13.33B as of April 20, 2024.

What is the P/E ratio for MGM Resorts stock?

The price to earnings (P/E) ratio for MGM Resorts (MGM) stock is 13.26 as of April 20, 2024.

Does MGM Resorts stock pay dividends?

No, MGM Resorts (MGM) stock does not pay dividends to its shareholders as of April 20, 2024.

When is the next MGM Resorts dividend payment date?

MGM Resorts (MGM) stock does not pay dividends to its shareholders.

What is the beta indicator for MGM Resorts?

MGM Resorts (MGM) has a beta rating of 2.2. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the MGM Resorts stock price target?

The target price for MGM Resorts (MGM) stock is $55.33, which is 30.43% above the current price of $42.42. This is an average based on projections from 18 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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