MGM Resorts reported an EPS of $0.59 in its last earnings report, beating expectations of $0.558. Following the earnings report the stock price went down -7.105%.

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 282M.

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MGM Stock Chart & Stats

Advanced Chart >

Day’s Range$0 - $0

52-Week Range$31.40 - $51.35

Previous Close$36.84

Volume5.62M

Average Volume (3M)4.85M

Market Cap

$12.93B

Enterprise Value$41.36B

Total Cash (Recent Filing)$3.84B

Total Debt (Recent Filing)$31.85B

Price to Earnings (P/E)35.8

Beta1.45

Next Earnings

Nov 08, 2023

EPS Estimate

$0.58

Last Dividend Ex-Date

Dec 08, 2022

Dividend Yield

<0.01 (0.02%)

Share Statistics

EPS (TTM)1.03

Shares Outstanding350,889,195

10 Day Avg. Volume4,796,002

30 Day Avg. Volume4,852,116

Standard Deviation0.15

R-Squared0.57

Alpha0.00042

Financial Highlights & Ratios

Price to Book (P/B)-5.45

Price to Sales (P/S)6.62

Price to Cash Flow (P/CF)5.50

P/FCF Ratio7.90

Enterprise Value/Market CapN/A

Enterprise Value/Revenue3.81

Enterprise Value/Gross Profit5.88

Enterprise Value/Ebitda21.37

Forecast

1Y Price Target

$56.50

Price Target Upside58.57% Upside

Rating ConsensusStrong Buy

Number of Analyst Covering14

MGM Resorts News

Bet On It: Sportradar and Genius Sports both accused of infringing on patents

The FlyBet On It: Sportradar and Genius Sports both accused of infr...

5d ago

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The FlyMGM Resorts initiated with an Overweight at Capital One

7d ago

MGM

Palo Alto Networks Stock (NASDAQ:PANW): Bank on Cybersecurity Concerns

Stock Analysis & IdeasPalo Alto Networks Stock (NASDAQ:PANW): Bank on Cybersecurit...

9d ago

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Stock Analysis & IdeasMGM, CZR, WYNN: Time to Roll the Dice on Casino Stocks?

12d ago

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MGM Resorts likely to lose some share after cyberattack, says Macquarie

The FlyMGM Resorts likely to lose some share after cyberattack, say...

12d ago

CZR

MGM

The FlyBet On It: MGM discloses impact from cybersecurity breach

12d ago

BYD

CZR

Market NewsMGM Resorts (NYSE:MGM) Feels the Pinch from Cyberattack

13d ago

CLX

CZR

MGM Resorts sees negative impact on Q3 results from cybersecurity issue

The FlyMGM Resorts sees negative impact on Q3 results from cybersec...

13d ago

MGM

See More MGM News >

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 Insights

The estimated number of people who visited one or more of the websites owned by MGM Resorts

Desktop Users

Mobile Users

Detailed Usage Analysis >

MGM FAQ

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

MGM Resorts lowest stock price was $31.40 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 Nov 08, 2023 which is in 20 days.

How were MGM Resorts’s earnings last quarter?

MGM Resorts released its earnings results on Aug 02, 2023. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.558 by $0.032.

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 0.03%. See more information on MGM Resorts dividends here

What is MGM Resorts’s EPS estimate?

MGM Resorts’s EPS estimate is $0.58.

How many shares outstanding does MGM Resorts have?

MGM Resorts has 350,889,200 shares outstanding.

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

MGM Resorts reported an EPS of $0.59 in its last earnings report, beating expectations of $0.558. Following the earnings report the stock price went down -7.105%.

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 282M.

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MGM Resorts Stock Smart Score

Neutral

Fundamentals

Return on Equity

7.21%

Trailing 12-Months

Asset Growth

-11.41%

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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