MGM Resorts International (NYSE:MGM) Issues Quarterly Earnings Results

MGM Resorts International (NYSE:MGM) posted its quarterly earnings results on Wednesday. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03, FiscalAI reports. MGM Resorts International had a return on equity of 23.37% and a net margin of 2.40%.The firm had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis.

Here are the key takeaways from MGM Resorts International’s conference call:

• Record second-quarter consolidated revenue: Las Vegas Strip revenue and segment adjusted EBITDA increased year over year, regional operations delivered all-time same-store quarterly revenue, and MGM Digital revenue grew 20%. Las Vegas benefited from strong group and convention demand, events, and improved MGM Grand performance.
• Regional and Macau operations remained resilient. Regional same-store slot handle and win rose 4% and 3%, respectively, while MGM China’s market share increased sequentially to 16.4%; management said Macau volumes rebounded to approximately first-quarter levels in July after a World Cup-related June disruption.
• Digital continued to expand, with BetMGM iGaming growth and MGM Digital revenue up 20%; management expects MGM Digital’s full-year EBITDA loss to be below last year’s level and sees potentially significant operating leverage in the European LeoVegas and BetMGM businesses in 2027.
• Long-term investments and capital returns remain active. The Osaka integrated resort remains on time and on budget for a fall 2030 opening, although MGM expects $125 million-$175 million of additional funding in the second half; the company also repurchased approximately 4.3 million shares for $164 million during the quarter.
• Las Vegas demand remains uneven: luxury, group, and convention segments are strong, but lower-end properties such as Luxor and Excalibur remain challenged, international visitation is below prior levels, and the company acknowledged that the fourth-quarter outlook requires additional work.

MGM Resorts International Price Performance

Shares of NYSE:MGM traded down $1.02 during trading on Friday, hitting $44.64. 552,059 shares of the company’s stock were exchanged, compared to its average volume of 4,573,376. The business’s 50-day simple moving average is $46.34 and its 200 day simple moving average is $39.95. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 27.06 and a beta of 1.29. MGM Resorts International has a 52-week low of $29.18 and a 52-week high of $51.59. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.33 and a quick ratio of 1.30.

Wall Street Analyst Weigh In

MGM has been the subject of a number of research analyst reports. Wells Fargo & Company raised shares of MGM Resorts International from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $33.00 to $48.30 in a research report on Tuesday, July 7th. HSBC raised MGM Resorts International to a “strong-buy” rating in a research report on Thursday. Truist Financial raised shares of MGM Resorts International from a “hold” rating to a “buy” rating and increased their target price for the stock from $42.00 to $55.00 in a report on Wednesday, May 27th. Stifel Nicolaus restated a “hold” rating and set a $49.00 target price (up from $48.00) on shares of MGM Resorts International in a research note on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of MGM Resorts International from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.49.

Key Headlines Impacting MGM Resorts International

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: HSBC upgraded MGM to “strong-buy,” adding fresh analyst support. Susquehanna also raised its price target to $53 from $52 while maintaining a positive rating. Zacks.com Susquehanna Adjusts Price Target
• Positive Sentiment: Second-quarter revenue reached a record $4.45 billion, up 2.2% year over year and slightly ahead of consensus. Las Vegas Strip revenue increased 3% to $2.2 billion, while regional operations posted record same-store quarterly revenue. MGM Second-Quarter Results MGM Results Driven by Las Vegas
• Positive Sentiment: MGM Digital revenue grew 20% year over year, with iGaming strength offsetting relatively flat online sports betting. Management highlighted continued growth momentum during the earnings call. MGM iGaming Strength Earnings Call Highlights
• Neutral Sentiment: MGM China reported record revenue and a 15.9% market share, reinforcing Macau’s recovery, though China operations remain an important source of earnings volatility. MGM China Interim Financial Data
• Negative Sentiment: Quarterly EPS of $0.59 declined from $0.79 a year earlier. Reports cited pressure from China and regional operating margins, tempering the benefit of Las Vegas and digital growth. MGM Misses Q2 Earnings Estimates

Insider Buying and Selling

In other MGM Resorts International news, Director Daniel J. Taylor sold 6,675 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $38.44, for a total value of $256,587.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.38% of the company’s stock.

Institutional Investors Weigh In On MGM Resorts International

Institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC increased its holdings in MGM Resorts International by 235.1% in the 4th quarter. Corient Private Wealth LLC now owns 932,610 shares of the company’s stock valued at $34,031,000 after acquiring an additional 654,328 shares during the last quarter. Beacon Pointe Advisors LLC increased its stake in MGM Resorts International by 3.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 16,645 shares of the company’s stock worth $607,000 after acquiring an additional 496 shares during the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of MGM Resorts International by 114.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 54,600 shares of the company’s stock worth $1,831,000 after acquiring an additional 29,182 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of MGM Resorts International by 207.5% during the 4th quarter. NewEdge Advisors LLC now owns 11,367 shares of the company’s stock valued at $415,000 after acquiring an additional 7,671 shares during the last quarter. Finally, Empowered Funds LLC increased its position in MGM Resorts International by 88.5% in the fourth quarter. Empowered Funds LLC now owns 15,114 shares of the company’s stock worth $552,000 after purchasing an additional 7,096 shares during the last quarter. Institutional investors own 68.11% of the company’s stock.

MGM Resorts International Company Profile

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.