MGM Resorts International (NYSE:MGM) Director Keith A. Meister acquired 81,249 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average cost of $27.99 per share, for a total transaction of $2,274,159.51. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NYSE MGM traded down $0.10 during midday trading on Thursday, hitting $28.76. 4,597,830 shares of the company’s stock traded hands, compared to its average volume of 6,975,562. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.78 and a quick ratio of 0.75. The stock has a market capitalization of $15.43 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 4.79 and a beta of 1.40. The company has a fifty day moving average price of $27.72. MGM Resorts International has a 1 year low of $21.61 and a 1 year high of $31.66.
MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.12 billion. MGM Resorts International had a return on equity of 4.03% and a net margin of 2.26%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, analysts predict that MGM Resorts International will post 0.96 EPS for the current year.
Several research firms recently issued reports on MGM. Morgan Stanley boosted their price objective on Yum! Brands from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Credit Suisse Group reaffirmed a “neutral” rating and set a $108.00 target price on shares of Wynn Resorts in a research report on Wednesday, March 20th. Finally, Deutsche Bank cut shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 price target on the stock. in a report on Wednesday, May 1st. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $31.88.
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 Macau. 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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