News stories about MGM Resorts International (NYSE:MGM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MGM Resorts International earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.3137008319317 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Pamunkey Tribe’s Plan for Virginia’s First Casino Will Spark War With MGM (casino.org)
- How MGM Resorts Was Convinced to Scrape a Luxor Nightclub for an Esports Arena (inc.com)
- The Sophisticated Beaches Of The South Of France Have Relocated To Park MGM (hauteliving.com)
- MGM Resorts International, (NYSE: MGM) – Volatility Factor to Consider – Stock Watch (stocksnewstimes.com)
- Today’s Research Reports on Stocks to Watch: Caesars Entertainment and MGM Resorts (finance.yahoo.com)
A number of equities analysts have weighed in on MGM shares. JPMorgan Chase & Co. restated an “overweight” rating and set a $44.00 price objective (up from $41.00) on shares of MGM Resorts International in a research report on Tuesday, January 9th. Zacks Investment Research cut shares of MGM Resorts International from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Jefferies Group started coverage on shares of MGM Resorts International in a research report on Thursday, January 18th. They set a “buy” rating and a $43.00 price objective for the company. Bank of America upped their price objective on shares of MGM Resorts International from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, Telsey Advisory Group started coverage on shares of MGM Resorts International in a research report on Wednesday, March 14th. They set a “market perform” rating and a $39.00 price objective for the company. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.94.
Shares of MGM Resorts International (NYSE:MGM) traded up $0.45 during midday trading on Tuesday, hitting $36.73. 5,725,141 shares of the stock were exchanged, compared to its average volume of 8,102,999. The firm has a market capitalization of $20,383.56, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.77 and a quick ratio of 0.73. MGM Resorts International has a 1-year low of $25.21 and a 1-year high of $38.41.
MGM Resorts International (NYSE:MGM) last issued its earnings results on Tuesday, February 20th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.51 billion. MGM Resorts International had a net margin of 17.92% and a return on equity of 5.78%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. equities research analysts expect that MGM Resorts International will post 1.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, March 9th were issued a $0.12 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from MGM Resorts International’s previous quarterly dividend of $0.11. MGM Resorts International’s dividend payout ratio is currently 14.12%.
In other news, Director William Warwick Grounds acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was purchased at an average price of $35.50 per share, with a total value of $35,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President William Hornbuckle sold 60,000 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $36.36, for a total transaction of $2,181,600.00. Following the completion of the sale, the president now directly owns 26,289 shares of the company’s stock, valued at approximately $955,868.04. The disclosure for this sale can be found here. In the last three months, insiders purchased 46,000 shares of company stock valued at $49,000 and sold 142,646 shares valued at $5,104,710. Corporate insiders own 12.20% of the company’s stock.
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About MGM Resorts International
MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.
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