Among 13 analysts covering MGM Resorts (NYSE:MGM), 10 have Buy rating, 0 Sell and 3 Hold. UBS AG reaffirmed a "buy" rating on shares of MGM Resorts International in a research note on Monday, July 10th. There are brokerage firms with lower targets than the average, including one setting a price target of $33. Employees Retirement Association Of Colorado reported 0.02% of its portfolio in MGM Resorts International (NYSE:MGM).
MGM Resorts International (MGM) last reported earnings results on 07/27/17. The gross margin parades a value of 42.70% with the company running a operating margin of 19.30% and a profit margin of 9.50%. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. There are brokerage firms with lower targets than the average, including one setting a price target of $43.
MGM Resorts International (MGM) ended its previous trading session at $29.69 with the Loss of -0.17%. The company has market cap of $84.28 million.
MGM Resorts International (MGM) formed multiple top with $32.07 target or 8.00% above today's $29.69 share price. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03.
According to 11 analysts, the Average Revenue Estimate for the current Fiscal quarter is $2.64 Billion and the Low Revenue estimate is $2.48 Billion, while the High Revenue estimate is $2.8 Billion. MGM Resorts International had a return on equity of 7.97% and a net margin of 9.26%. The monthly performance exhibited a rate of -6.99% with an annual performance rate of 15.30%. According to the Analysts, the Low Earnings estimate for the current quarter is $0.03, while the High earnings estimate is $0.42.Comparatively, EPS for the same quarter previous year was $0.33. On Monday, May 1 Mandekic Anthony Leo sold $370,375 worth of MGM Resorts International (NYSE:MGM) or 11,913 shares.
MGM Resorts International declared that its Board of Directors has authorized a share repurchase program on Tuesday, September 5th that permits the company to buyback $1.00 billion in outstanding shares. Marsico Capital Management Llc acquired 7,020 shares as Anthem Inc (ANTM)'s stock rose 10.08%. Corporate insiders own 12.20% of the company's stock. On average, analysts anticipate that MGM Resorts International will post $1.28 EPS for the current year. If you are accessing this story on another website, it was illegally copied and republished in violation of USA & worldwide copyright & trademark laws. The company's revenue was up 16.4% on a year-over-year basis.
The company's ATR (Average True Range) is 0.09. The Stock now has a Weekly Volatility of 2.03% and Monthly Volatility of 2.02%. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. McManus John had sold 14,942 shares worth $459,377. The disclosure for this sale can be found here. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BEARISH signal.
Here are some institutional investors who have increased or decreased their stake in (MGM). The ROA for MGM Resorts International tells us exactly what earnings were generated from the invested capital. Toronto Dominion Bank lifted its position in MGM Resorts International by 12.4% in the 2nd quarter. Central Bank & Trust CO bolstered its ownership by buying 2,054 shares an increase of 28.9% in the quarter. Global X Management Co. Massachusetts-based Highvista Strategies Limited Liability Corp has invested 0.67% in MGM Resorts International (NYSE:MGM). Closing price generally refers to the last price at which a stock trades during a regular trading session. Shellback Lp reported 3.64% of its portfolio in MGM Resorts International (NYSE:MGM). Finally, Cigna Investments Inc. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/17/canyon-capital-advisors-llc-acquires-1583585-shares-of-mgm-resorts-international-mgm.html. It dived, as 45 investors sold MGM Resorts International shares while 137 reduced holdings. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world.