FY2025 Earnings Forecast for MGM Issued By Seaport Res Ptn

MGM Resorts International (NYSE:MGM) – Seaport Res Ptn reduced their FY2025 earnings per share estimates for MGM Resorts International in a research note issued on Wednesday, February 5th. Seaport Res Ptn analyst V. Umansky now expects that the company will post earnings of $2.32 per share for the year, down from their prior forecast of $2.33. The consensus estimate for MGM Resorts International’s current full-year earnings is $2.37 per share.

A number of other research firms have also weighed in on MGM. JMP Securities reiterated a “market outperform” rating and issued a $50.00 price objective on shares of MGM Resorts International in a research note on Thursday, January 16th. Mizuho cut their price target on MGM Resorts International from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Jefferies Financial Group decreased their price objective on MGM Resorts International from $52.00 to $50.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Barclays lowered their target price on MGM Resorts International from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Finally, BTIG Research cut MGM Resorts International from a “buy” rating to a “neutral” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.93.

MGM Resorts International Stock Performance

MGM opened at $34.56 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 1.63. MGM Resorts International has a 12-month low of $31.61 and a 12-month high of $48.24. The firm has a 50 day moving average of $34.53 and a two-hundred day moving average of $37.08. The firm has a market capitalization of $10.29 billion, a PE ratio of 12.34, a P/E/G ratio of 2.93 and a beta of 2.20.

Insider Activity

In other news, Director Keith A. Meister sold 51,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $36.57, for a total value of $1,865,070.00. Following the transaction, the director now owns 5,687,478 shares in the company, valued at $207,991,070.46. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.13% of the company’s stock.

Institutional Trading of MGM Resorts International

Large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in MGM Resorts International by 14.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 57,911 shares of the company’s stock worth $2,007,000 after purchasing an additional 7,487 shares during the last quarter. PFG Advisors boosted its position in MGM Resorts International by 36.5% during the fourth quarter. PFG Advisors now owns 9,609 shares of the company’s stock worth $333,000 after acquiring an additional 2,570 shares during the last quarter. Prosperity Financial Group Inc. boosted its position in MGM Resorts International by 18.1% during the fourth quarter. Prosperity Financial Group Inc. now owns 14,249 shares of the company’s stock worth $494,000 after acquiring an additional 2,187 shares during the last quarter. Markel Group Inc. purchased a new stake in MGM Resorts International during the 4th quarter valued at about $1,386,000. Finally, Daiwa Securities Group Inc. raised its holdings in MGM Resorts International by 5.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 29,969 shares of the company’s stock valued at $1,038,000 after acquiring an additional 1,503 shares during the last quarter. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

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.