News articles about MGM Resorts International (NYSE:MGM) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MGM Resorts International earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.7101476561339 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
MGM has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of MGM Resorts International from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research raised shares of MGM Resorts International from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Monday, February 5th. Barclays boosted their price target on shares of MGM Resorts International from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $37.00 price target (up from $36.00) on shares of MGM Resorts International in a research note on Wednesday, February 21st. Finally, Telsey Advisory Group began coverage on shares of MGM Resorts International in a report on Wednesday, March 14th. They issued a “market perform” rating and a $39.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $38.53.
Shares of MGM Resorts International stock traded down $1.44 during trading hours on Friday, hitting $34.13. The company had a trading volume of 9,690,572 shares, compared to its average volume of 7,208,175. MGM Resorts International has a twelve month low of $27.01 and a twelve month high of $38.41. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.09. The stock has a market cap of $19,330.11, a price-to-earnings ratio of 33.46, a PEG ratio of 1.62 and a beta of 1.40.
MGM Resorts International (NYSE:MGM) last issued its earnings results on Tuesday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. MGM Resorts International had a net margin of 17.92% and a return on equity of 5.78%. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the business posted $0.11 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. analysts forecast that MGM Resorts International will post 1.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, March 9th were given a $0.12 dividend. This is an increase from MGM Resorts International’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.48 annualized dividend and a yield of 1.41%. MGM Resorts International’s dividend payout ratio is 47.06%.
In other MGM Resorts International news, Director William A. Bible sold 6,260 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $34.47, for a total transaction of $215,782.20. Following the completion of the transaction, the director now owns 27,081 shares in the company, valued at approximately $933,482.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William Warwick Grounds purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was acquired at an average price of $35.50 per share, for a total transaction of $35,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 46,000 shares of company stock valued at $49,000 and sold 142,646 shares valued at $5,104,710. 12.20% of the stock is owned by corporate insiders.
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MGM Resorts International Company Profile
MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China. The company operates through two segments, Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
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