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A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
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A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
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A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
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NYSE:MGM

MGM Resorts International (MGM) Stock Price, News & Analysis

$44.68
-0.37 (-0.82%)
(As of 12/29/2023 ET)
Compare
Today's Range
$44.58
▼
$45.23
50-Day Range
$34.24
▼
$45.05
52-Week Range
$32.62
▼
$51.35
Volume
2.63 million shs
Average Volume
4.50 million shs
Market Capitalization
$15.26 billion
P/E Ratio
15.20
Dividend Yield
N/A
Price Target
$56.35
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

MGM Resorts International MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
26.1% Upside
$56.35 Price Target
Short Interest
Healthy
4.38% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
0.33mentions of MGM Resorts International in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$2.23 M Sold Last Quarter
Proj. Earnings Growth
8.41%
From $2.26 to $2.45 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Consumer Discretionary Sector

33rd out of 265 stocks

Hotels & Motels Industry

3rd out of 28 stocks

See Top Rated MarketRank™ Stocks Here

MGM stock logo

About MGM Resorts International Stock (NYSE:MGM)

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

MGM Stock Price History

MGM Stock News Headlines

December 28, 2023 | msn.com
A tale of 2 casino ransomware attacks: One paid out, one did not
December 23, 2023 | finance.yahoo.com
Las Vegas Strip casinos double down on unpopular pricing move
December 31, 2023 | MarketBeat Internal (Ad)
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December 23, 2023 | americanbankingnews.com
MGM Resorts International (NYSE:MGM) Given Consensus Recommendation of "Moderate Buy" by Brokerages
December 22, 2023 | ca.finance.yahoo.com
MGM Dec 2023 46.000 put
December 21, 2023 | americanbankingnews.com
Contrasting SJM (OTCMKTS:SJMHF) & MGM Resorts International (NYSE:MGM)
December 20, 2023 | finance.yahoo.com
MGM Resorts' (MGM) BetMGM, NHL Extend Multi-Year Partnership
December 20, 2023 | msn.com
Why MGM Resorts Stock Jumped Today
December 31, 2023 | MarketBeat Internal (Ad)
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December 19, 2023 | finance.yahoo.com
BETMGM AND NATIONAL HOCKEY LEAGUE ANNOUNCE MULTI-YEAR NORTH AMERICAN PARTNERSHIP EXTENSION
December 8, 2023 | msn.com
Why Is MGM (MGM) Up 4.2% Since Last Earnings Report?
December 7, 2023 | seekingalpha.com
MGM Resorts: Market Misses This Outstanding Value Buy Despite Ongoing Performance
December 5, 2023 | msn.com
MGM Grand Detroit Casino Workers Vote to Ratify Contract
December 5, 2023 | finance.yahoo.com
BetMGM CEO and CFO to participate in 2023 Morgan Stanley Global Consumer and Retail Conference
December 5, 2023 | markets.businessinsider.com
The Latest Analyst Ratings for MGM Resorts Intl
December 4, 2023 | seekingalpha.com
MGM Resorts International (MGM) BetMGM Business Update Conference (Transcript)
December 4, 2023 | finance.yahoo.com
UPDATE 1-BetMGM sees $500 mln profit in 2026, joint owner Entain says
December 3, 2023 | finance.yahoo.com
Las Vegas Strip resort casino sets a bizarre record
December 1, 2023 | finance.yahoo.com
Critical U.S. infrastructure is being targeted by a growing threat
December 1, 2023 | msn.com
MGM Resorts Unveils Plans For New Glitzy, Vegas-Style Empire City
November 29, 2023 | yahoo.com
MGM+ Bosses Detail International Strategy & Say They Are Eschewing “One Size Fits All” Approach
November 28, 2023 | finance.yahoo.com
Las Vegas Strip headliner extends impressive residency
November 28, 2023 | seekingalpha.com
MGM Resorts International (MGM) Bank of America Leveraged Finance Conference Call Transcript
November 28, 2023 | msn.com
MGM Resorts employees to assemble 200,000 meals for Giving Tuesday
November 27, 2023 | finance.yahoo.com
Controversial Las Vegas Strip headliner extends residency
November 27, 2023 | finance.yahoo.com
Iconic Las Vegas Strip act signs a long-term residency extension
November 27, 2023 | finance.yahoo.com
NOW OPEN: LPM RESTAURANT & BAR BRINGS JOIE DE VIVRE TO THE COSMOPOLITAN OF LAS VEGAS
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
12/31/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/14/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Sector
Consumer Discretionary
Current Symbol
NYSE:MGM
CUSIP
55295310
CIK
789570
Web
www.mgmresorts.com
Phone
(702) 693-7120
Fax
702-693-8626
Employees
46,000
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$56.35
High Stock Price Target
$75.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+26.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.94
Trailing P/E Ratio
15.20
Forward P/E Ratio
19.77
P/E Growth
N/A
Net Income
$1.47 billion
Net Margins
7.23%
Pretax Margin
7.27%
Return on Equity
18.04%
Return on Assets
2.03%

Debt

Debt-to-Equity Ratio
1.47
Current Ratio
1.78
Quick Ratio
1.73

Sales & Book Value

Annual Sales
$13.13 billion
Price / Sales
1.16
Cash Flow
$12.99 per share
Price / Cash Flow
3.44
Book Value
$13.57 per share
Price / Book
3.29

Miscellaneous

Outstanding Shares
341,580,000
Free Float
334,307,000
Market Cap
$15.26 billion
Optionable
Optionable
Beta
2.14

Social Links

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Key Executives

  • Mr. William Joseph Hornbuckle IV (Age 65)
    President, CEO & Director
    Comp: $6.24M
  • Mr. Jonathan S. Halkyard (Age 58)
    CFO & Treasurer
    Comp: $3.03M
  • Mr. Corey Ian Sanders (Age 59)
    Chief Operating Officer
    Comp: $3.53M
  • Mr. John M. McManus Esq. (Age 56)
    Chief Legal & Administrative Officer and Secretary
    Comp: $2.12M
  • Mr. Gary M. Fritz (Age 49)
    President of MGM Resorts International Interactive
    Comp: $704.69k
  • Mr. Todd R. MeinertMr. Todd R. Meinert (Age 48)
    Senior VP & Chief Accounting Officer
  • Andrew Chapman
    Director of Investor Relations
  • Mr. Jeff Mochal
    Senior Vice President of Corporate Communications
  • Ms. Jyoti Chopra (Age 59)
    Senior VP and Chief People, Inclusion & Sustainability Officer
  • Ms. Jennifer D. Michaels (Age 54)
    Senior Vice President of Public Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions














MGM Stock Analysis - Frequently Asked Questions

Should I buy or sell MGM Resorts International stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Resorts International in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MGM shares.
View MGM analyst ratings or view top-rated stocks.

What is MGM Resorts International's stock price target for 2024?

10 brokerages have issued 12 month price targets for MGM Resorts International's stock. Their MGM share price targets range from $40.00 to $75.00. On average, they predict the company's stock price to reach $56.35 in the next year. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for MGM or view top-rated stocks among Wall Street analysts.

How have MGM shares performed in 2023?

MGM Resorts International's stock was trading at $33.53 at the start of the year. Since then, MGM shares have increased by 33.3% and is now trading at $44.68.
View the best growth stocks for 2023 here.

When is MGM Resorts International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our MGM earnings forecast.

How were MGM Resorts International's earnings last quarter?

MGM Resorts International (NYSE:MGM) issued its earnings results on Wednesday, November, 8th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.12. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.86 billion. MGM Resorts International had a net margin of 7.23% and a trailing twelve-month return on equity of 18.04%. The firm's revenue was up 16.3% compared to the same quarter last year. During the same period last year, the firm earned ($1.39) earnings per share.
Read the conference call transcript.

What ETFs hold MGM Resorts International's stock?

ETFs with the largest weight of MGM Resorts International (NYSE:MGM) stock in their portfolio include AdvisorShares Gerber Kawasaki ETF (GK), AdvisorShares Vice ETF (VICE), VanEck Gaming ETF (BJK), AdvisorShares Hotel ETF (BEDZ), Roundhill Sports Betting & iGaming ETF (BETZ), Pinnacle Focused Opportunities ETF (FCUS), iBET Sports Betting & Gaming ETF (IBET) and Invesco Leisure and Entertainment ETF (PEJ).

How will MGM Resorts International's stock buyback program work?

MGM Resorts International announced that its Board of Directors has approved a stock repurchase program on Wednesday, November 8th 2023, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 14.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

What is Bill Hornbuckle's approval rating as MGM Resorts International's CEO?

83 employees have rated MGM Resorts International Chief Executive Officer Bill Hornbuckle on Glassdoor.com. Bill Hornbuckle has an approval rating of 65% among the company's employees.

What other stocks do shareholders of MGM Resorts International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Resorts International investors own include Walt Disney (DIS), Bank of America (BAC), Delta Air Lines (DAL), NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Boeing (BA), Las Vegas Sands (LVS), Intel (INTC) and AT&T (t).

How do I buy shares of MGM Resorts International?

Shares of MGM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does MGM Resorts International have any subsidiaries?
The following companies are subsidiares of MGM Resorts International: 550 Leasing Company II LLC, AC Holding Corp., AC Holding Corp. II, Arena Land Holdings LLC, Aria Resort & Casino LLC, Beau Rivage Resorts LLC, Bellagio LLC, Blue Tarp reDevelopment LLC, Borgata Hotel Casino and Spa, Boru Merger Sub I LLC, Cedar Downs OTB LLC, Circus Circus Casinos Inc., CityCenter Facilities Management LLC, CityCenter Realty Corporation, CityCenter Retail Holdings Management LLC, Destron Inc., Grand Garden Arena Management LLC, Grand Laundry Inc., LV Concrete Corp., Las Vegas Arena Management LLC, Las Vegas Basketball Ventures LLC, MAC CORP., MGM (Beijing) Hospitality Services Co. Ltd., MGM Asia Pacific Limited, MGM Branding and Development Holdings Ltd., MGM CC LLC, MGM China Holdings Ltd., MGM Dev LLC, MGM Development Services Limited, MGM Elgin Sub Inc., MGM Finance Corp., MGM Grand (International) Pte Ltd., MGM Grand Condominiums LLC, MGM Grand Condominiums II LLC, MGM Grand Condominiums III LLC, MGM Grand Detroit Inc., MGM Grand Detroit LLC, MGM Grand Hotel LLC, MGM Growth Properties LLC, MGM Growth Properties OP GP LLC, MGM Growth Properties Operating Partnership LP, MGM Hospitality Development LLC, MGM Hospitality Global LLC, MGM Hospitality Holdings LLC, MGM Hospitality India Private Ltd., MGM Hospitality International GP Ltd., MGM Hospitality International Holdings Ltd., MGM Hospitality International LP, MGM Hospitality LLC, MGM International LLC, MGM Lessee LLC, MGM MA Sub LLC, MGM National Harbor LLC, MGM Public Policy LLC, MGM Resorts Advertising Inc., MGM Resorts Arena Holdings LLC, MGM Resorts Aviation Corp., MGM Resorts Corporate Services, MGM Resorts Design & Development, MGM Resorts Development LLC, MGM Resorts Festival Grounds II LLC, MGM Resorts Festival Grounds LLC, MGM Resorts Global Development LLC, MGM Resorts Interactive LLC, MGM Resorts International Holdings Ltd., MGM Resorts International Marketing Inc., MGM Resorts International Marketing Ltd., MGM Resorts International Operations Inc., MGM Resorts Japan LLC, MGM Resorts Land Holdings LLC, MGM Resorts Manufacturing Corp., MGM Resorts Mississippi LLC, MGM Resorts Regional Operations LLC, MGM Resorts Retail, MGM Resorts Satellite LLC, MGM Resorts Sub 1 LLC, MGM Resorts Sub B LLC, MGM Resorts Venue Management LLC, MGM Resorts West Japan LLC, MGM Sports & Interactive Gaming LLC, MGM Springfield reDevelopment LLC, MGM Yonkers Inc., MGMM Insurance Company, MGP Finance Co-Issuer Inc., MGP Lessor Holdings LLC, MGP Lessor LLC, MGP OH Inc., MGP Yonkers Realty Sub LLC, MH Inc., MMNY Land Company Inc., Mandalay Bay LLC, Mandalay Employment LLC, Mandalay Place LLC, Mandalay Resort Group, Marina District Development Company LLC, Marina District Development Holding Co. LLC, Mercantile Merger Sub I LLC, Metropolitan Marketing LLC, Mirage Laundry Services Corp., Mirage Resorts LLC, NH Cigars LLC, New Castle LLC, New York-New York Hotel & Casino LLC, New York-New York Tower LLC, Northfield Park Associates LLC, PRMA LLC, PRMA Land Development Company, Park District Holdings LLC, Park Theater LLC, Project CC LLC, Ramparts LLC, San Antonio Starts, Signature Tower 2 LLC, Signature Tower 3 LLC, Signature Tower I LLC, The Mirage Casino-Hotel LLC, The Signature Condominiums LLC, Tower B LLC, Tower C LLC, Turnberry/MGM Grand Tower B LLC, Turnberry/MGM Grand Tower C LLC, Turnberry/MGM Grand Towers LLC, Vdara Condo Hotel LLC, Vendido LLC, Victoria Partners, VidiAd, Vintage Land Holdings II LLC, and Vintage Land Holdings LLC.
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This page (NYSE:MGM) was last updated on 12/31/2023 by MarketBeat.com Staff

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