MGM Resorts International (MGM)
- Previous Close
42.04 - Open
42.11 - Bid --
- Ask --
- Day's Range
42.00 - 42.74 - 52 Week Range
34.12 - 51.35 - Volume
2,606,616 - Avg. Volume
3,728,284 - Market Cap (intraday)
13.448B - Beta (5Y Monthly) 2.20
- PE Ratio (TTM)
13.30 - EPS (TTM)
3.19 - Earnings Date May 1, 2024
- Forward Dividend & Yield 0.01 (0.03%)
- Ex-Dividend Date Dec 8, 2022
- 1y Target Est
55.33
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. 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.
www.mgmresorts.com58,000
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: MGM
Performance Overview: MGM
Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: MGM
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Statistics: MGM
Valuation Measures
Market Cap
13.45B
Enterprise Value
42.14B
Trailing P/E
13.30
Forward P/E
20.12
PEG Ratio (5yr expected)
15.37
Price/Sales (ttm)
0.94
Price/Book (mrq)
3.53
Enterprise Value/Revenue
2.61
Enterprise Value/EBITDA
15.34
Financial Highlights
Profitability and Income Statement
Profit Margin
7.09%
Return on Assets (ttm)
2.25%
Return on Equity (ttm)
27.01%
Revenue (ttm)
16.12B
Net Income Avi to Common (ttm)
1.14B
Diluted EPS (ttm)
3.19
Balance Sheet and Cash Flow
Total Cash (mrq)
2.93B
Total Debt/Equity (mrq)
724.46%
Levered Free Cash Flow (ttm)
884.45M
Research Analysis: MGM
Analyst Price Targets
Fair Value
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Research Reports: MGM
Analyst Report: MGM Resorts International
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns U.S. regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
RatingBullishPrice TargetAnalyst Report: MGM Resorts International
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns U.S. regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
RatingBullishPrice TargetAnalyst Report: MGM Resorts International
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns U.S. regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
RatingBullishPrice TargetAnalyst Report: MGM Resorts International
MGM Resorts International owns and operates 15 properties in Nevada, Mississippi, and Michigan, and is an investor in other properties in Nevada, New Jersey, Illinois, and Macau. The company derives approximately half its revenues from casino operations, with the remainder from hotels, food and beverage sales, and entertainment venues. With a market cap of about $14.3 billion, MGM is generally considered a large-cap growth stock.
RatingNeutralPrice Target