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MGM Resorts International (MGM)

NYSE - Nasdaq Real Time Price. Currency in USD
47.44+0.84 (+1.80%)
As of 10:31AM EDT. Market open.
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MACD

MACD

Previous Close46.60
Open46.93
Bid47.37 x 900
Ask47.43 x 900
Day's Range46.74 - 47.45
52 Week Range34.12 - 51.35
Volume586,750
Avg. Volume4,085,852
Market Cap15.039B
Beta (5Y Monthly)2.19
PE Ratio (TTM)14.87
EPS (TTM)3.19
Earnings DateApr 29, 2024 - May 03, 2024
Forward Dividend & Yield0.01 (0.03%)
Ex-Dividend DateDec 08, 2022
1y Target Est55.29
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    Analyst Report: MGM Resorts InternationalMGM 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.
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