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MGM Resorts/$MGM
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About MGM Resorts
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented a low 20s share of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
Ticker
$MGM
Sector
Trading on
NYSE
Industry
Hotels, Restaurants & Leisure
Headquarters
Employees
67,000
Website
MGM Resorts Metrics
BasicAdvanced
$11B
Market cap
13.12
P/E ratio
$2.82
EPS
2.24
Beta
-
Dividend rate
Price and volume
Market cap
$11B
Beta
2.24
52-week high
$48.25
52-week low
$33.44
Average daily volume
4.2M
Financial strength
Current ratio
1.243
Quick ratio
1.062
Long term debt to equity
819.375
Total debt to equity
841.031
Interest coverage (TTM)
3.92%
Management effectiveness
Return on assets (TTM)
2.53%
Return on equity (TTM)
29.01%
Valuation
Price to earnings (TTM)
13.118
Price to revenue (TTM)
0.681
Price to book
3.39
Price to tangible book (TTM)
-2.95
Price to free cash flow (TTM)
8.805
Growth
Revenue change (TTM)
12.31%
Earnings per share change (TTM)
-4.89%
3-year revenue growth (CAGR)
30.21%
3-year earnings per share growth (CAGR)
31.21%
What the Analysts think about MGM Resorts
Analyst Ratings
Analyst ratings (Buy, Hold, Sell) for MGM Resorts stock.
MGM Resorts Financial Performance
Income Statement
Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%
MGM Resorts Earnings Performance
Earnings per share (EPS)
Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
MGM Resorts News
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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.
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FAQs
What’s the current market cap for MGM Resorts stock?
MGM Resorts (MGM) has a market cap of $11B as of December 13, 2024.
What is the P/E ratio for MGM Resorts stock?
The price to earnings (P/E) ratio for MGM Resorts (MGM) stock is 13.12 as of December 13, 2024.
Does MGM Resorts stock pay dividends?
No, MGM Resorts (MGM) stock does not pay dividends to its shareholders as of December 13, 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 2.24. 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.