FY2025 Earnings Estimate for MGM Issued By Seaport Res Ptn

MGM Resorts International (NYSE:MGM) – Analysts at Seaport Res Ptn cut their FY2025 earnings per share estimates for MGM Resorts International in a note issued to investors on Thursday, February 13th. Seaport Res Ptn analyst V. Umansky now anticipates that the company will post earnings of $2.22 per share for the year, down from their previous estimate of $2.32. The consensus estimate for MGM Resorts International’s current full-year earnings is $2.37 per share. Seaport Res Ptn also issued estimates for MGM Resorts International’s FY2026 earnings at $2.83 EPS and FY2027 earnings at $3.25 EPS.

MGM has been the subject of several other reports. Argus upgraded shares of MGM Resorts International from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Friday. Stifel Nicolaus boosted their price objective on shares of MGM Resorts International from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. Susquehanna Bancshares boosted their price objective on shares of MGM Resorts International from $53.00 to $56.00 in a research report on Wednesday. BTIG Research downgraded shares of MGM Resorts International from a “buy” rating to a “neutral” rating in a research report on Monday, February 3rd. Finally, Mizuho boosted their price objective on shares of MGM Resorts International from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, MGM Resorts International currently has an average rating of “Moderate Buy” and a consensus price target of $51.47.

MGM Resorts International Trading Down 1.4 %

Shares of MGM stock opened at $39.82 on Friday. MGM Resorts International has a 1 year low of $31.61 and a 1 year high of $48.24. The stock has a market cap of $11.85 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 2.94 and a beta of 2.20. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 1.63. The stock has a 50 day simple moving average of $34.38 and a 200 day simple moving average of $36.81.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. MGM Resorts International had a return on equity of 25.84% and a net margin of 5.23%.

Insider Activity at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 51,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $36.57, for a total transaction of $1,865,070.00. Following the sale, the director now owns 5,687,478 shares of the company’s stock, valued at approximately $207,991,070.46. This represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.13% of the stock is currently owned by company insiders.

Institutional Trading of MGM Resorts International

Institutional investors have recently bought and sold shares of the company. Empower Advisory Group LLC boosted its position in MGM Resorts International by 4.2% during the third quarter. Empower Advisory Group LLC now owns 1,571,492 shares of the company’s stock valued at $61,430,000 after acquiring an additional 62,997 shares during the last quarter. Goldentree Asset Management LP boosted its position in MGM Resorts International by 86.4% during the third quarter. Goldentree Asset Management LP now owns 3,000,000 shares of the company’s stock valued at $117,270,000 after acquiring an additional 1,390,599 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in MGM Resorts International during the fourth quarter valued at $2,010,000. Assenagon Asset Management S.A. boosted its position in MGM Resorts International by 80.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 358,186 shares of the company’s stock valued at $12,411,000 after acquiring an additional 159,522 shares during the last quarter. Finally, Zacks Investment Management boosted its position in MGM Resorts International by 7.8% during the third quarter. Zacks Investment Management now owns 400,393 shares of the company’s stock valued at $15,651,000 after acquiring an additional 29,107 shares during the last quarter. Institutional investors own 68.11% of the company’s stock.

MGM Resorts International Company Profile

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.