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MGM Resorts International (MGM)

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36.72 +0.31 (+0.87%)
As of 11:45 AM EST. Market Open.
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DELL
  • Previous Close 36.41
  • Open 36.45
  • Bid 37.01 x 1100
  • Ask 37.03 x 1400
  • Day's Range 36.22 - 37.36
  • 52 Week Range 33.44 - 48.25
  • Volume 1,155,835
  • Avg. Volume 4,642,084
  • Market Cap (intraday) 10.935B
  • Beta (5Y Monthly) 2.24
  • PE Ratio (TTM) 13.16
  • EPS (TTM) 2.79
  • Earnings Date Oct 30, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date Dec 8, 2022
  • 1y Target Est 50.57

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.com

58,000

Full Time Employees

December 31

Fiscal Year Ends

Recent News: MGM

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Related Videos: MGM

Performance Overview: MGM

Trailing total returns as of 11/4/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

MGM
17.80%
S&P 500
19.72%

1-Year Return

MGM
3.76%
S&P 500
31.03%

3-Year Return

MGM
24.56%
S&P 500
22.53%

5-Year Return

MGM
28.98%
S&P 500
86.20%

Compare To: MGM

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Statistics: MGM

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Valuation Measures

Annual
As of 11/1/2024
  • Market Cap

    10.84B

  • Enterprise Value

    39.89B

  • Trailing P/E

    13.05

  • Forward P/E

    12.09

  • PEG Ratio (5yr expected)

    1.28

  • Price/Sales (ttm)

    0.68

  • Price/Book (mrq)

    3.35

  • Enterprise Value/Revenue

    2.31

  • Enterprise Value/EBITDA

    15.96

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    5.24%

  • Return on Assets (ttm)

    2.54%

  • Return on Equity (ttm)

    29.01%

  • Revenue (ttm)

    17.22B

  • Net Income Avi to Common (ttm)

    903.35M

  • Diluted EPS (ttm)

    2.79

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.95B

  • Total Debt/Equity (mrq)

    841.03%

  • Levered Free Cash Flow (ttm)

    911.93M

Research Analysis: MGM

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 4.17B
Earnings 184.58M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

41.91
50.57 Average
36.72 Current
56.00 High
 

Company Insights: MGM

Research Reports: MGM

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  • MGM Earnings: Near-Term Headwinds Damp Stock, but Intermediate-Term Prospects Intact; Shares Cheap

    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 US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US 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.

    Rating
    Price Target
     
  • Mid Cap U.S. Pick List October 2024

    This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.

     
  • Mid Cap U.S. Pick List September 2024

    This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.

     
  • MGM's Digital Business Succumbing to Competitive Pressure, While Vegas and Macao Demand Are Healthy

    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 US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US 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.

    Rating
    Price Target
     

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