- Previous Close
36.87 - Open
37.37 - Bid 36.56 x 1100
- Ask 36.41 x 1400
- Day's Range
36.40 - 37.96 - 52 Week Range
33.44 - 48.25 - Volume
5,988,857 - Avg. Volume
4,642,084 - Market Cap (intraday)
10.841B - Beta (5Y Monthly) 2.24
- PE Ratio (TTM)
13.05 - EPS (TTM)
2.79 - Earnings Date Oct 30, 2024
- Forward Dividend & Yield --
- Ex-Dividend Date Dec 8, 2022
- 1y Target Est
50.66
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
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Performance Overview: MGM
Trailing total returns as of 11/1/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: MGM
View MoreValuation Measures
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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Research Reports: MGM
View MoreMGM 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.
RatingPrice TargetMid 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.
RatingPrice Target