Equities analysts predict that MGM Resorts Overseas (NYSE:MGM) will report $1.55 billion in product sales for the present quarter that is fiscal Zacks reports. Six analysts have provided estimates for MGM Resorts International’s earnings, with estimates ranging from $1.31 billion to $1.72 billion. MGM Resorts International reported sales of $2.25 billion in the quarter that is same 12 months, which may recommend a poor year-over-year development price of 31.1per cent. The company is anticipated to announce its next quarterly profits outcomes on Thursday, April 29th.
According to Zacks, analysts expect that MGM Resorts Overseas will report full-year product sales of $8.23 billion for the present year that is fiscal with estimates ranging from $7.34 billion to $9.17 billion. For the year that is next analysts anticipate that the organization will upload product sales of $11.12 billion, with quotes including $10.45 billion to $11.72 billion. Zacks’ sales averages are a typical according to a study of research analysts that that coverage that is provide MGM Resorts International.
MGM Resorts International (NYSE:MGM) last posted its earnings that are quarterly on Wednesday, February tenth. The business reported ($0.90) profits per share (EPS) for the quarter, topping the Thomson Reuters’ opinion estimate of ($0.96) by $0.06. MGM Resorts Overseas had a net margin of 20.81% and a return that is negative equity of 12.08%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.53 billion. The business posted $0.08 earnings per share during the same quarter in the prior year. The business’s quarterly income ended up being down 53.1% set alongside the exact same quarter year that is last.
MGM has been the subject of several analyst that is recent. Bank of America raised stocks of MGM Resorts Overseas from an “underperform” score to a “neutral” score in a study on February 16th tuesday. Stifel Nicolaus raised their price objective on shares of MGM Resorts International from $34.00 to $40.00 in a report on February 11th thursday. The Goldman Sachs Group raised their cost goal on stocks of MGM Resorts Overseas from $23.00 to $27.00 and provided the stock a “sell” rating in a study on January 26th tuesday. Smith Barney Citigroup cut shares of MGM Resorts International from a “buy” rating to a “neutral” rating in a research note on January 7th thursday. They noted that the move ended up being a valuation call. Finally, Argus raised stocks of MGM Resorts Overseas from a “hold” rating to a “buy” rating and set a $42.00 cost target in the stock in a study note on March 1st monday. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an rating that is average ofHold” and a consensus cost target of $29.47.
In other news, Director William Warwick Grounds offered 3,500 stocks of MGM Resorts Overseas stock in a transaction on Wednesday, March 3rd. The stocks had been offered at an price that is average of39.10, for a total transaction of $136,850.00. Also, CEO William Hornbuckle sold 40,000 shares of MGM Resorts International stock in a transaction on April 1st thursday. The stock ended up being offered at an price that is average of38.13, for a total transaction of $1,525,200.00. Following the transaction, the executive that is chief now straight has 217,923 stocks into the business, respected at $8,309,403.99. The disclosure because of this purchase can here be found. Over the last ninety days, insiders sold 2,297,107 shares of company stock worth $85,684,143. Insiders own 5.06% of the company’s stock.
Hedge funds and other investors that are institutional recently made modifications for their jobs into the business. Clearview Wealth Advisors LLC bought a position that is new shares of MGM Resorts International during the fourth quarter worth $29,000. Hoover Financial Advisors Inc. acquired a stake that is new stocks of MGM Resorts Overseas through the 4th quarter worth $30,000. SOA Riches Advisors LLC. obtained a stake that is new shares of MGM Resorts International during the fourth quarter worth $36,000. Advisory Alpha LLC acquired a stake that is new stocks of MGM Resorts Overseas through the third quarter worth $25,000. Finally, Valley Brook Capital Group acquired a stake that is new shares of MGM Resorts International during the fourth quarter worth $37,000. 63.39% of the stock is currently owned by institutional investors.
NYSE MGM opened at $39.70 on Friday. A market is had by the firm limit of $19.65 billion, a price-to-earnings ratio of 14.18 and a beta of 2.42. The business has a 50 time average that is moving of37.83 and a 200-day moving average of $29.63. The company has a ratio that is current of, a fast ratio of 2.20 and a debt-to-equity ratio of 0.98. MGM Resorts Overseas has a low that is 1-year of10.00 and a 1-year high of $42.04.
The firm also recently disclosed a dividend that is quarterly that was compensated on Monday, March 15th. Investors of record on March 10th were paid a $0.0025 dividend wednesday. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $0.01 dividend on an annualized basis and a yield of 0.03%. MGM Resorts International’s payout ratio is presently 1.30%.
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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