MGM Resorts reported an EPS of $0.64 in its last earnings report, beating expectations of $0.522. Following the earnings report the stock price went down -1.138%.

Q: 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 362M.

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MGM Stock Chart & Stats

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Day’s Range$0 - $0

52-Week Range$32.43 - $51.35

Previous Close$39.73

Volume4.10M

Average Volume (3M)4.89M

Market Cap

$13.68B

Enterprise Value$42.49B

Total Cash (Recent Filing)$3.32B

Total Debt (Recent Filing)$31.63B

Price to Earnings (P/E)13.5

Beta1.45

Next Earnings

Feb 07, 2024

EPS Estimate

$0.67

Last Dividend Ex-Date

Dec 08, 2022

Dividend Yield

<0.01 (0.02%)

Share Statistics

EPS (TTM)2.93

Shares Outstanding341,583,381

10 Day Avg. Volume4,086,402

30 Day Avg. Volume4,889,943

Standard Deviation0.15

R-Squared0.57

Alpha-0.00176

Financial Highlights & Ratios

Price to Book (P/B)-4.70

Price to Sales (P/S)2.37

Price to Cash Flow (P/CF)4.90

P/FCF Ratio6.10

Enterprise Value/Market CapN/A

Enterprise Value/Revenue3.73

Enterprise Value/Gross Profit6.04

Enterprise Value/Ebitda19.90

Forecast

1Y Price Target

$54.36

Price Target Upside37.86% Upside

Rating ConsensusStrong Buy

Number of Analyst Covering12

MGM Resorts News

The FlyMGM Resorts management to meet with Truist

3d ago

The FlyBet On It: Bragg Gaming surges following investor push for sale

6d ago

The FlyWynn Resorts workers ratify contract with LV hospitality unions, Reuters says

6d ago

Market NewsLabor Unions Ratify Deal with Wynn Resorts (NASDAQ:WYNN)

7d ago

Market NewsSports Betting Interest Rises Ahead of Thanksgiving Weekend

7d ago

The FlyMGM Resorts price target lowered to $57 from $60 at JMP Securities

8d ago

Market NewsFormula One (NASDAQ:FWONA) Vegas: A Qualified Success. Mostly.

9d ago

Market NewsMGM’s (NYSE:MGM) New Labor Deal Draws Mixed Response from Workers

10d ago

See More MGM News >

Financials

Annual

Income Statement >

Options Prices

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Ownership Overview

0.77% Insiders

22.26% Mutual Funds

41.64% Other Institutional Investors

35.33% Public Companies and Individual Investors

Detailed Ownership Overview >

MGM FAQ

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

MGM Resorts lowest stock price was $32.43 and its highest was $51.35 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 07, 2024 which is in 69 days.

How were MGM Resorts’s earnings last quarter?

MGM Resorts released its earnings results on Nov 08, 2023. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.522 by $0.118.

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 $0.67.

How many shares outstanding does MGM Resorts have?

MGM Resorts has 341,583,370 shares outstanding.

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

MGM Resorts reported an EPS of $0.64 in its last earnings report, beating expectations of $0.522. Following the earnings report the stock price went down -1.138%.

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 362M.

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MGM Resorts Stock Smart Score

Outperform

Fundamentals

Return on Equity

24.88%

Trailing 12-Months

Asset Growth

-10.05%

Trailing 12-Months

Learn more about TipRanks Smart Score

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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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