Headlines about MGM Resorts International (NYSE:MGM) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGM Resorts International earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.4701168891685 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- MGM Resorts International (NYSE:MGM) Trading Down – Insiders Are Selling – Modern Readers (modernreaders.com)
- MGM Resorts International Launches Online Poker and Casino … – 4Flush.com (4flush.com)
- Iridian Asset Management Llc Buys Altaba Inc, MGM Resorts International, Ball Corp, Sells … – Nasdaq (nasdaq.com)
- MGM Resorts International Reinforces Commitment to Japanese Market – PR Newswire (press release) (prnewswire.com)
- The MGM Resorts International (MGM) Receives Buy Rating from Deutsche Bank AG (naijaoversabi.com)
MGM has been the topic of several recent research reports. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $31.00 target price on shares of MGM Resorts International in a research report on Thursday, April 20th. Aegis reiterated a “buy” rating on shares of MGM Resorts International in a research report on Sunday, April 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $36.00 target price (up from $32.00) on shares of MGM Resorts International in a research report on Thursday, April 27th. Stifel Nicolaus lifted their target price on shares of MGM Resorts International from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Nomura reiterated a “buy” rating and set a $35.00 target price on shares of MGM Resorts International in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $34.59.
Shares of MGM Resorts International (MGM) traded down 3.11% during trading on Thursday, hitting $30.51. 6,909,799 shares of the company’s stock were exchanged. MGM Resorts International has a 1-year low of $23.38 and a 1-year high of $34.53. The stock’s 50-day moving average price is $32.45 and its 200-day moving average price is $29.92. The stock has a market cap of $17.54 billion, a PE ratio of 18.05 and a beta of 1.48.
MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. MGM Resorts International had a net margin of 9.26% and a return on equity of 7.97%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the company posted $0.29 EPS. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities analysts expect that MGM Resorts International will post $1.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, September 11th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, September 8th. This represents a $0.44 annualized dividend and a yield of 1.44%. MGM Resorts International’s dividend payout ratio is presently 26.04%.
In related news, Director Mary Christine Gay sold 3,000 shares of MGM Resorts International stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $31.88, for a total transaction of $95,640.00. Following the sale, the director now directly owns 11,208 shares in the company, valued at approximately $357,311.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John Mcmanus sold 10,000 shares of MGM Resorts International stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $31.28, for a total transaction of $312,800.00. Following the sale, the executive vice president now owns 46,917 shares in the company, valued at $1,467,563.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,501 shares of company stock worth $3,417,518. 12.20% of the stock is owned by corporate insiders.
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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