MGM Resorts International (NYSE:MGM – Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect MGM Resorts International to post earnings of $0.68 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
MGM Resorts International (NYSE:MGM – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.18. MGM Resorts International had a return on equity of 23.62% and a net margin of 5.35%. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same period last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts expect MGM Resorts International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
MGM Resorts International Stock Up 2.2 %
Shares of MGM stock opened at $42.78 on Tuesday. MGM Resorts International has a 1 year low of $34.12 and a 1 year high of $51.35. The stock has a market cap of $13.42 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.87 and a beta of 2.24. The business’s fifty day moving average is $42.05 and its 200-day moving average is $42.82. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.46 and a current ratio of 1.51.
Analysts Set New Price Targets
Read Our Latest Research Report on MGM
Insider Transactions at MGM Resorts International
In other news, Director Daniel J. Taylor sold 4,344 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $41.02, for a total value of $178,190.88. Following the completion of the sale, the director now owns 5,250 shares of the company’s stock, valued at $215,355. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Daniel J. Taylor sold 4,344 shares of MGM Resorts International stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $41.02, for a total transaction of $178,190.88. Following the completion of the sale, the director now owns 5,250 shares of the company’s stock, valued at $215,355. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Keith A. Meister sold 139,300 shares of MGM Resorts International stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $40.44, for a total value of $5,633,292.00. Following the sale, the director now directly owns 5,859,478 shares of the company’s stock, valued at approximately $236,957,290.32. The disclosure for this sale can be found here. Insiders sold a total of 147,988 shares of company stock valued at $5,991,759 over the last quarter. Company insiders own 2.13% of the company’s stock.
About MGM Resorts International
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.
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