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MGM Resorts International NYSE:MGM Stock Report

Last Price

US$47.21

Market Cap

US$14.8b

7D

5.5%

1Y

9.0%

Updated

28 Mar, 2024

Data

Company Financials +

MGM Resorts International

NYSE:MGM Stock Report

Market Cap: US$14.8b

MGM Resorts International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MGM Resorts International
Historical stock prices
Current Share PriceUS$47.21
52 Week HighUS$51.35
52 Week LowUS$34.12
Beta2.19
1 Month Change12.40%
3 Month Change5.66%
1 Year Change8.95%
3 Year Change18.92%
5 Year Change73.89%
Change since IPO1,108.58%

Recent News & Updates

MGM Resorts International's (NYSE:MGM) Prospects Need A Boost To Lift Shares

Mar 22
MGM Resorts International's (NYSE:MGM) Prospects Need A Boost To Lift Shares

MGM Resorts International's (NYSE:MGM) Intrinsic Value Is Potentially 44% Above Its Share Price

Feb 15
MGM Resorts International's (NYSE:MGM) Intrinsic Value Is Potentially 44% Above Its Share Price

Recent updates

MGM Resorts International's (NYSE:MGM) Prospects Need A Boost To Lift Shares

Mar 22
MGM Resorts International's (NYSE:MGM) Prospects Need A Boost To Lift Shares

MGM Resorts International's (NYSE:MGM) Intrinsic Value Is Potentially 44% Above Its Share Price

Feb 15
MGM Resorts International's (NYSE:MGM) Intrinsic Value Is Potentially 44% Above Its Share Price

MGM Resorts: Super Bowl And Chinese New Year Together Pose Unprecedented Upside Catalyst For Q1

Jan 11

We Think MGM Resorts International (NYSE:MGM) Is Taking Some Risk With Its Debt

Jan 01
We Think MGM Resorts International (NYSE:MGM) Is Taking Some Risk With Its Debt

MGM Resorts: Shares Look Attractive Amid Recovery In Macau

Dec 07

MGM Resorts: Despite Cyberattack, Best Recession-Resistant Play In The Sector

Nov 03

MGM Resorts: A High-Risk High-Reward Opportunity

Oct 13

MGM Resorts: Impact Of Ransomware Attack

Sep 25

MGM Resorts: Pent-Up Demand Likely To Translate Into Higher Profits

Sep 01

MGM Resorts: Trading At Attractive Multiples, Potential For +40% Price Appreciation

Aug 18

MGM Resorts: BetMGM First Half Result Adds To Rationale To Buy It Now

Jul 28

MGM Resorts International: Value, Growth, Deleveraging, And Buybacks

Jul 13

Is MGM Resorts International (NYSE:MGM) Using Too Much Debt?

Jul 06
Is MGM Resorts International (NYSE:MGM) Using Too Much Debt?

MGM: A Dip Signals A Buy As Value Scenario Grows With Sector Recovery

Jun 08

Is MGM Resorts International (NYSE:MGM) Weighed On By Its Debt Load?

Apr 03
Is MGM Resorts International (NYSE:MGM) Weighed On By Its Debt Load?

MGM Resorts: Smart Corporate Strategy Is The Engine For Much Higher Valuation

Feb 08

Do MGM Resorts International's (NYSE:MGM) Earnings Warrant Your Attention?

Jan 16
Do MGM Resorts International's (NYSE:MGM) Earnings Warrant Your Attention?

MGM Resorts added as a new long idea at Hedgeye

Jan 12

Is MGM Resorts International (NYSE:MGM) Using Debt Sensibly?

Dec 29
Is MGM Resorts International (NYSE:MGM) Using Debt Sensibly?

MGM Resorts: Raise Your Bet For 2023

Dec 25

MGM Sees Vegas Recovery, Regional Resilience And BetMGM Growth

Nov 03

MGM Resorts Is The Best Bet Among Casino Stocks Right Now

Oct 18

MGM Resorts and ExteNet Systems enter national connectivity partnership

Sep 28

MGM Resorts goes ex-dividend tomorrow

Sep 07

BetMGM and SportsGrid expand multi-year betting content deal

Aug 23

MGM Resorts: Hiding In Plain Sight, A Global Giant In The Making

Aug 08

Does MGM Resorts International (NYSE:MGM) Have A Healthy Balance Sheet?

Aug 04
Does MGM Resorts International (NYSE:MGM) Have A Healthy Balance Sheet?

MGM Resorts, Bet MGM renew and expand agreement with MLB

Jul 14

MGM: The Bear Dip In Progress Has Put MGM In Bargain Range At $27

Jun 16

MGM Resorts: IAC's Barry Diller Licensed In Nevada In Clear Swerve To Bigger Online Deals Ahead

May 25

We Think MGM Resorts International (NYSE:MGM) Is Taking Some Risk With Its Debt

Apr 21
We Think MGM Resorts International (NYSE:MGM) Is Taking Some Risk With Its Debt

Shareholder Returns

MGMUS HospitalityUS Market
7D5.5%0.7%0.4%
1Y9.0%30.8%28.8%

Return vs Industry: MGM underperformed the US Hospitality industry which returned 30.8% over the past year.

Return vs Market: MGM underperformed the US Market which returned 28.8% over the past year.

Price Volatility

Is MGM's price volatile compared to industry and market?
MGM volatility
MGM Average Weekly Movement3.9%
Hospitality Industry Average Movement5.7%
Market Average Movement6.0%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: MGM has not had significant price volatility in the past 3 months.

Volatility Over Time: MGM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198667,000Bill Hornbucklehttps://www.mgmresorts.com

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.

MGM Resorts International Fundamentals Summary

How do MGM Resorts International's earnings and revenue compare to its market cap?
MGM fundamental statistics
Market capUS$14.77b
Earnings (TTM)US$1.14b
Revenue (TTM)US$16.12b

13.1x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGM income statement (TTM)
RevenueUS$16.12b
Cost of RevenueUS$8.51b
Gross ProfitUS$7.61b
Other ExpensesUS$6.47b
EarningsUS$1.14b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 01, 2024

Earnings per share (EPS)3.61
Gross Margin47.22%
Net Profit Margin7.10%
Debt/Equity Ratio145.3%

How did MGM perform over the long term?

See historical performance and comparison
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