MGM Resorts reported an EPS of $0.44 in its last earnings report, beating expectations of $0.064. Following the earnings report the stock price went up 8.377%.

Q: Which hedge fund is a major shareholder of MGM Resorts?

Among the largest hedge funds holding MGM Resorts’s share is Corvex Management LP. It holds MGM Resorts’s shares valued at 296M.

0 Followers

0JWC Stock Chart & Stats

Advanced Chart >

Day’s Range$0 - $0

52-Week Range$26.51 - $46.18

Previous Close$40.36

Volume985.00

Average Volume (3M)15.72K

Market Cap

$14.69B

Enterprise Value$42.60B

Total Cash (Recent Filing)$4.51B

Total Debt (Recent Filing)$32.02B

Price to Earnings (P/E)8.6

Beta1.80

Next Earnings

Aug 03, 2023

EPS Estimate

$0.52

Last Dividend Ex-Date

Dec 08, 2022

Dividend Yield

<0.01 (0.02%)

Share Statistics

EPS (TTM)4.68

Shares Outstanding363,799,070

10 Day Avg. Volume1,255

30 Day Avg. Volume15,722

Standard Deviation0.17

R-Squared0.51

Alpha0.02

Financial Highlights & Ratios

Price to Book (P/B)-7.49

Price to Sales (P/S)5.68

Price to Cash Flow (P/CF)5.20

P/FCF Ratio4.50

Enterprise Value/Market CapN/A

Enterprise Value/Revenue3.50

Enterprise Value/Gross Profit6.06

Enterprise Value/Ebitda10.59

Forecast

1Y Price Target

$57.17

Price Target Upside41.67% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering12

MGM Resorts News

MGM Resorts price target raised to $58 from $53 at Deutsche Bank

Deutsche Bank analyst Carlo Santarelli raised the firm’s price target on MGM Resorts to $58 from $53 and...

26d ago

MGM

MGM Resorts price target raised to $51 from $38 at Susquehanna

Susquehanna analyst Joseph Stauff raised the firm’s price target on MGM Resorts to $51 from $38 and keeps...

26d ago

MGM

MGM Resorts price target raised to $58 from $57 at Truist

Truist raised the firm’s price target on MGM Resorts to $58 from $57 and keeps a Buy rating...

27d ago

MGM

3 Best Stocks to Buy Now, 5/2/2023, According to Top Analysts

Which stocks are best to buy now? According to top Wall Street analysts, the three stocks listed below...

27d ago

MGM

MELI

See More MGM News >

Financials

Annual

Income Statement >

Risk Analysis

Main Risk Category

Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy

---

Product Monthly Users

Number of people who visit MGM Resorts websites

Desktop Users

Mobile Users

Detailed Usage Analysis >

0JWC FAQ

What was MGM Resorts’s price range in the past 12 months?

MGM Resorts lowest stock price was $26.51 and its highest was $46.18 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 Aug 03, 2023 which is in 66 days.

How were MGM Resorts’s earnings last quarter?

MGM Resorts released its earnings results on May 01, 2023. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.064 by $0.376.

Is MGM Resorts overvalued?

According to Wall Street analysts MGM Resorts’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does MGM Resorts pay dividends?

MGM Resorts pays a Quarterly dividend of <$0.01 which represents an annual dividend yield of 0.02%. See more information on MGM Resorts dividends here

What is MGM Resorts’s EPS estimate?

MGM Resorts’s EPS estimate is $0.52.

How many shares outstanding does MGM Resorts have?

MGM Resorts has 363,799,070 shares outstanding.

What happened to MGM Resorts’s price movement after its last earnings report?

MGM Resorts reported an EPS of $0.44 in its last earnings report, beating expectations of $0.064. Following the earnings report the stock price went up 8.377%.

Which hedge fund is a major shareholder of MGM Resorts?

Among the largest hedge funds holding MGM Resorts’s share is Corvex Management LP. It holds MGM Resorts’s shares valued at 296M.

---

MGM Resorts Stock Smart Score

Outperform

Fundamentals

Return on Equity

39.10%

Trailing 12-Months

Asset Growth

12.66%

Trailing 12-Months

The MGM Resorts Holdings stock analysis is based on the TipRanks Smart Score which is derived from 6 unique data sets including Analyst recommendations, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

Learn more about TipRanks Smart Score

Go to Top Smart score Stocks >

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.

---