MGM Resorts International (MGM)
(Delayed Data from NYSE)
$37.35 USD
+0.50 (1.36%)
Updated Sep 24, 2024 04:00 PM ET
After-Market: $37.35 0.00 (0.00%) 7:58 PM ET
3-Hold of 5 3
A Value C Growth F Momentum B VGM
Company Summary
MGM Resorts International is a holding company and primarily owns and operates casino resorts through wholly owned subsidiaries. The company’s resort portfolio incorporates 31 unique hotel and gaming offerings, including some of the most familiar resort brands in the industry, such as Bellagio, MGM Grand, Mandalay Bay and The Mirage.
The company reports under three operating segments: Las Vegas Strip Resorts (54.4% of total revenues in 2023), Regional Operations (22.7%), MGM China (19.5%) and Management and other operations (3.4%). MGM China’s operations consist of the MGM Macau resort and casino (MGM Macau) and the company is ...
Company Summary
MGM Resorts International is a holding company and primarily owns and operates casino resorts through wholly owned subsidiaries. The company’s resort portfolio incorporates 31 unique hotel and gaming offerings, including some of the most familiar resort brands in the industry, such as Bellagio, MGM Grand, Mandalay Bay and The Mirage.
The company reports under three operating segments: Las Vegas Strip Resorts (54.4% of total revenues in 2023), Regional Operations (22.7%), MGM China (19.5%) and Management and other operations (3.4%). MGM China’s operations consist of the MGM Macau resort and casino (MGM Macau) and the company is currently developing an integrated casino, hotel, and entertainment resort on the Cotai Strip in the region. Meanwhile, in Oct 2015, MGM Resorts created a controlled real estate investment trust (REIT) named MGM Growth Properties LLC (MGP), which began trading in April 2016.
MGM Resorts International holds a 73% interest in MGM Growth Properties LLC (MGP), a premier real estate investment trust engaged in the acquisition, ownership and leasing of large-scale resorts. It also owns a 56% stake in MGM China Holdings Limited, which owns MGM MACAU and 100% of CityCenter in Las Vegas.
MGM Resorts recently acquired the operations of Empire City Casino in New York and Hard Rock Rocksino in Ohio, which was rebranded as MGM Northfield Park. In 2018, MGM Resorts opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in Shanghai.
The company’s superior business model, extensive non-gaming revenue opportunities, high-quality assets and attractive property locations are the primary growth drivers. In the past few years, it has taken various initiatives to align every recognized brand into one global entertainment brand. This resulted in a disciplined business model, with a unified view of strategy.
General Information
MGM Resorts International
3600 LAS VEGAS BLVD SOUTH
LAS VEGAS, NV 89109
Phone: 702-693-7120
Fax: 702-693-8626
Web: http://www.mgmresorts.com
Email: ir@mgmresorts.com
Industry | Gaming |
Sector | Consumer Discretionary |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/13/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.62 |
Current Year EPS Consensus Estimate | 2.63 |
Estimated Long-Term EPS Growth Rate | 20.60 |
Exp Earnings Date | 11/13/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 36.85 |
52 Week High | 48.25 |
52 Week Low | 33.44 |
Beta | 2.22 |
20 Day Moving Average | 4,832,699.50 |
Target Price Consensus | 54.21 |
4 Week | -3.13 |
12 Week | -14.02 |
YTD | -17.52 |
4 Week | -4.85 |
12 Week | -17.68 |
YTD | -31.21 |
Shares Outstanding (millions) | 303.77 |
Market Capitalization (millions) | 11,193.91 |
Short Ratio | NA |
Last Split Date | 5/19/2005 |
Dividend Yield | 0.00% |
Annual Dividend | $0.00 |
Payout Ratio | 0.00 |
Change in Payout Ratio | -0.53 |
Last Dividend Payout / Amount | NA / $0.00 |
Fundamental Ratios
P/E (F1) | 14.01 |
Trailing 12 Months | 11.17 |
PEG Ratio | 0.68 |
vs. Previous Year | 45.76% |
vs. Previous Quarter | 16.22% |
vs. Previous Year | 9.77% |
vs. Previous Quarter | -1.28% |
Price/Book | 2.93 |
Price/Cash Flow | 7.00 |
Price / Sales | 0.66 |
6/30/24 | 26.36 |
3/31/24 | 23.62 |
12/31/23 | 20.51 |
6/30/24 | 2.59 |
3/31/24 | 2.45 |
12/31/23 | 2.25 |
6/30/24 | 1.47 |
3/31/24 | 1.51 |
12/31/23 | 1.57 |
6/30/24 | 1.42 |
3/31/24 | 1.46 |
12/31/23 | 1.53 |
6/30/24 | 6.42 |
3/31/24 | 6.24 |
12/31/23 | 5.97 |
6/30/24 | 5.15 |
3/31/24 | 5.35 |
12/31/23 | 7.07 |
6/30/24 | 6.79 |
3/31/24 | 7.02 |
12/31/23 | 9.11 |
6/30/24 | 12.56 |
3/31/24 | 12.84 |
12/31/23 | 12.69 |
6/30/24 | 63.95 |
3/31/24 | 64.18 |
12/31/23 | 63.69 |
6/30/24 | 1.65 |
3/31/24 | 1.56 |
12/31/23 | 1.46 |
6/30/24 | 62.38 |
3/31/24 | 61.01 |
12/31/23 | 59.54 |