MGM Resorts International (NYSE:MGM – Get Free Report) will announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
MGM Resorts International (NYSE:MGM – Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.20. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.21 billion. MGM Resorts International had a return on equity of 26.36% and a net margin of 5.15%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. On average, analysts expect MGM Resorts International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
MGM Resorts International Stock Performance
Shares of MGM Resorts International stock opened at $40.36 on Monday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.47 and a quick ratio of 1.42. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.97 and a beta of 2.23. MGM Resorts International has a one year low of $33.44 and a one year high of $48.24. The stock’s 50-day moving average is $38.38 and its 200-day moving average is $40.26.
Insider Activity at MGM Resorts International
Analysts Set New Price Targets
A number of equities analysts have weighed in on MGM shares. Truist Financial reduced their price target on MGM Resorts International from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. JMP Securities decreased their target price on shares of MGM Resorts International from $57.00 to $56.00 and set a “market outperform” rating for the company in a research report on Monday, October 14th. Morgan Stanley boosted their price target on shares of MGM Resorts International from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus increased their price objective on shares of MGM Resorts International from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Susquehanna upped their target price on MGM Resorts International from $54.00 to $55.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.08.
Get Our Latest Report on MGM Resorts International
MGM Resorts International Company Profile
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.
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