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MGM Resorts (DE:MGG)
FRANKFURT:MGG
MGM Resorts (MGG) Stock Price & Analysis
2 Followers
MGG Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€31.99 - €46.25
Previous Close€37.16
Volume0.00
Average Volume (3M)200.00
Market Cap
€11.83B
Enterprise Value€38.77B
Total Cash (Recent Filing)$2.93B
Total Debt (Recent Filing)$31.47B
Price to Earnings (P/E)―
Beta1.22
Next Earnings
Jul 31, 2024EPS Estimate
€0.54Last Dividend Ex-Date
Dec 08, 2022Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding313,680,435
10 Day Avg. Volume40
30 Day Avg. Volume200
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)-4.12
Price to Sales (P/S)0.73
Price to Cash Flow (P/CF)4.40
P/FCF Ratio6.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.18
Enterprise Value/Gross Profit5.09
Enterprise Value/Ebitda14.00
Forecast
1Y Price Target
€53.56Price Target Upside42.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
MGM Resorts News
PremiumMarket News
SPY ETF Update, 5/27/2024 
PremiumMarket News
SPY ETF Update, 5/23/2024 
Bulls Say, Bears Say
Bulls Say
Financial PerformanceMGM Resorts beats on top and bottom lines, reporting EBITDAR that exceeded consensus expectations by 6%, indicating strong financial performance.
Stock BuybackWith the U.S. portfolio trading at less than 5x EBITDA, the company's share repurchase program has reduced the share count by 33%, demonstrating confidence in its value and financial strategy.
Strategic VisionMGM's strategic vision to transform into a global gaming leader is supported by $4.7bn of domestic liquidity, enhancing its position in both brick-and-mortar and online gaming.
Bears Say
Financial PerformanceLas Vegas operations showed a decrease in EBITDAR, reflecting tough competition and potential market challenges.
Investment ConcernsStays committed to 2024 being an investment year which should weigh on shares given peers have begun to realize profits.
Operational ChallengesAdverse weather in January is expected to affect the company's first-quarter regional estimates.
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Ownership Overview
0.00% Insiders
0.00% Mutual Funds
18.58% Other Institutional Investors
81.42% Public Companies and
Individual Investors
Website Traffic
The estimated number of people who visited one or more of the websites owned by MGM Resorts
Desktop Users
Mobile Users
MGG FAQ
What was MGM Resorts’s price range in the past 12 months?
MGM Resorts lowest stock price was €31.98 and its highest was €46.24 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 Jul 31, 2024 which is in 45 days.
How were MGM Resorts’s earnings last quarter?
MGM Resorts released its earnings results on May 01, 2024. The company reported €0.685 earnings per share for the quarter, beating the consensus estimate of €0.521 by €0.164.
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 <€0.01 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 €0.54.
How many shares outstanding does MGM Resorts have?
Currently, no data Available
What happened to MGM Resorts’s price movement after its last earnings report?
MGM Resorts reported an EPS of €0.685 in its last earnings report, beating expectations of €0.521. Following the earnings report the stock price went down -6.384%.
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 562M.
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MGM Resorts Stock Smart Score
Outperform
1
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8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
€53.56 (42.46% Upside)
€53.56 (42.46% Upside)
Blogger Sentiment
Bullish
DE:MGG Sentiment 95%
Sector Average 67%
Sector Average 67%
Insider Transactions
Sold Shares
Worth $6.2M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-9.10%
12-Months-Change
Fundamentals
Return on Equity
21.53%
Trailing 12-Months
Asset Growth
-3.36%
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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MGG Company Deck
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MGG Earnings Call
Q1 2024
0:00 / 0:00
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MGG Net revenue Breakdown
54.44% Las Vegas Strip Resorts
22.71% Regional Operations
19.51% MGM China
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MGG Stock 12 Month Forecast
Average Price Target
€53.56
▲(42.46% Upside)
Technical Analysis
MGM Resorts
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Wynn Resorts
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Las Vegas Sands
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Caesars Entertainment
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Full House Resorts
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Best Analysts Covering MGG
1 Year
1 Year Success Rate
15/22 ratings generated profit
1 Year Average Return
+10.38%
reiterated a buy rating 2 months ago
Copying Steven Wieczynski's trades and holding each position for 1 Year would result in 68.18% of your transactions generating a profit, with an average return of +10.38% per trade.
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