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 low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming 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. Further, we estimate MGM will open a resort in Japan in 2030.
Ticker
MGM
Sector
Consumer Cyclicals
Trading on
NYSE
Industry
Hotels, Restaurants and Leisure
Headquarters
Las Vegas, United States
Employees
67,000
Website
www.mgmresorts.com
MGM Resorts Metrics
BasicAdvanced
$13B
Market cap
16.37
P/E ratio
$2.59
EPS
2.24
Beta
-
Dividend rate
Price and volume
Market cap
$13B
Beta
2.24
Financial strength
Current ratio
1.508
Quick ratio
1.232
Long term debt to equity
778.481
Total debt to equity
781.684
Interest coverage (TTM)
3.80%
Management effectiveness
Return on assets (TTM)
2.44%
Return on equity (TTM)
24.43%
Valuation
Price to earnings (TTM)
16.37
Price to revenue (TTM)
0.87
Price to book
3.85
Price to tangible book (TTM)
-3.94
Price to free cash flow (TTM)
9.2
Growth
Revenue change (TTM)
17.91%
Earnings per share change (TTM)
-47.03%
3-year revenue growth
56.33%
3-year earnings per share growth
-16.00%
What the Analysts think about MGM Resorts
Analyst Ratings
Majority rating from 21 analysts.
MGM Resorts Financial Performance
Income StatementBalance sheetCash Flow
Income Statement
Revenues and expenses
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$4.4B
0.18%
Net income
$217M
-30.63%
Profit margin
4.95%
-30.87%
MGM Resorts Earnings Performance
Earnings per share (EPS)
Company profitability
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.59
$0.64
$1.06
$0.74
-
Expected
$0.54
$0.49
$0.71
$0.56
$0.61
Surprise
9.01%
31.12%
48.38%
31.14%
-
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.
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.
Market closedNon-fractional
Upcoming events
No upcoming events
FAQs
What’s the current market cap for MGM Resorts stock?
MGM Resorts (MGM) has a market cap of $13B as of July 03, 2024.
What is the P/E ratio for MGM Resorts stock?
The price to earnings (P/E) ratio for MGM Resorts (MGM) stock is 16.37 as of July 03, 2024.
Does MGM Resorts stock pay dividends?
No, MGM Resorts (MGM) stock does not pay dividends to its shareholders as of July 03, 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.
Buy or sell MGM Resorts stock
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