MGM Resorts reported an EPS of -$1.39 in its last earnings report, missing expectations of $0.257. Following the earnings report the stock price went down -10.538%.

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 198M.

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MGM Stock Chart & Stats

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Day’s Range$0 - $0

52-Week Range$26.41 - $48.99

Previous Close$41.01

Volume2.55M

Average Volume (3M)4.50M

Market CapN/A

Enterprise ValueN/A

Total Cash (Recent Filing)$5.30B

Total Debt (Recent Filing)$33.71B

Price to Earnings (P/E)14.0

Beta1.27

Next EarningsFeb 08, 2023

EPS Estimate-$1.46

Last Dividend Ex-DateDec 08, 2022

Dividend Yield<0.01 (0.02%)

1Y Price Target$51.23

EPS (TTM)2.92

Shares Outstanding384,020,296

R-Squared0.54

Standard Deviation0.15

10 Day Avg. Volume3,937,984

30 Day Avg. Volume4,504,281

Price to Book (P/B)-5.04

Price to Sales (P/S)1.57

Price to Cash Flow (P/CF)9.10

P/FCF Ratio-11.80

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Price Target Upside24.92% Upside

Rating ConsensusStrong Buy

Alpha-0.00312

Number of Analyst Covering11

MGM Resorts News

MGM Resorts, NFLPA launch events, hospitality partnership

MGM Resorts International announced a multi-year agreement to become a hospitality and strategic partner of the National Football...

1d ago

MGM

3 Stocks to Buy Today, 1/27/2023, According to Top Analysts

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

1d ago

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THC

BetMGM sees FY23 revenue $1.8B-$2B, expects to be EBITDA positive in second half

Adam Greenblatt, CEO of BetMGM, jointly owned by Entain (GMVHF) and MGM Resorts (MGM), commented: "The talented team...

2d ago

MGM

BetMGM reports FY22 revenue $1.44B

BetMGM, jointly owned by Entain and MGM Resorts (MGM) provided an update on performance and outlook for FY23....

2d ago

MGM

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Financials

Annual

Income Statement >

Risk Analysis

Main Risk Category

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

Detailed Risk Analysis >

Product Monthly Users

Number of people who visit MGM Resorts websites

Desktop Users

Mobile Users

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MGM FAQ

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

MGM Resorts lowest stock price was $26.41 and its highest was $48.98 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 Feb 08, 2023 which is in 11 days.

How were MGM Resorts’s earnings last quarter?

MGM Resorts released its earnings results on Nov 02, 2022. The company reported -$1.39 earnings per share for the quarter, missing the consensus estimate of $0.257 by -$1.647.

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 -$1.46.

How many shares outstanding does MGM Resorts have?

MGM Resorts has 384,020,300 shares outstanding.

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

MGM Resorts reported an EPS of -$1.39 in its last earnings report, missing expectations of $0.257. Following the earnings report the stock price went down -10.538%.

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 198M.

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MGM Resorts Stock Smart Score

Outperform

Technicals

SMA

Positive

20 days / 200 days

Momentum

0.98%

12-Months-Change

Fundamentals

Return on Equity

21.98%

Trailing 12-Months

Asset Growth

14.49%

Trailing 12-Months

The MGM Resorts stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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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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