MGM Resorts International (MGM) to Release Earnings on Tuesday

MGM Resorts International (NYSE:MGM) is scheduled to release its earnings data before the market opens on Tuesday, February 20th. Analysts expect MGM Resorts International to post earnings of $0.09 per share for the quarter.

MGM Resorts International (NYSE MGM) opened at $33.20 on Tuesday. The stock has a market cap of $18,800.00, a price-to-earnings ratio of 32.55, a PEG ratio of 5.88 and a beta of 1.43. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.02. MGM Resorts International has a 1-year low of $25.15 and a 1-year high of $38.41.

Several brokerages have recently issued reports on MGM. Zacks Investment Research upgraded shares of MGM Resorts International from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Monday, February 5th. Stifel Nicolaus downgraded shares of MGM Resorts International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $38.00 to $33.00 in a report on Wednesday, October 18th. JPMorgan Chase & Co. upped their price target on shares of MGM Resorts International from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Jefferies Group began coverage on shares of MGM Resorts International in a report on Thursday, January 18th. They set a “buy” rating and a $43.00 price target for the company. Finally, Nomura lowered their price target on shares of MGM Resorts International from $38.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $37.38.

In other news, insider Phyllis James sold 19,149 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $33.64, for a total transaction of $644,172.36. Following the transaction, the insider now owns 8,961 shares of the company’s stock, valued at approximately $301,448.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Baldwin sold 61,600 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $32.56, for a total transaction of $2,005,696.00. Following the transaction, the insider now directly owns 70,049 shares in the company, valued at approximately $2,280,795.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,877 shares of company stock valued at $2,853,502. Company insiders own 12.20% of the company’s stock.

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About MGM Resorts International

MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.

Earnings History for MGM Resorts International (NYSE:MGM)

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