Quarterly EPS analysis of MGM Resorts International (NYSE:MGM)

Andrew Cummings
September 18, 2017

MGM Resorts International's dividend payout ratio is now 26.04%. The company's stock had a trading volume of 2,538,914 shares.

At a news conference today, representatives from MGM say the casino will create 7,000 jobs, and provide a total economic impact of $2.9 billion by 2019.

Hedge funds and other institutional investors have recently made changes to their positions in the company.

Let's have a look at some of the important valuation ratios of the MGM Resorts International (MGM). Among active positions in the latest quarter, 216 holders increased their positions by a total of 76.18 million shares, 224 holders decreased the positions by a total of 60.77 million shares, and 50 holders held their positions. LLC raised its stake in shares of MGM Resorts International by 30.4% in the first quarter. Stock's free cash flow yield, which represents the amount of cash available to investors before dividends, expressed as a percentage of the stock price, is 1.91. Pacad Investment Ltd. acquired a new position in MGM Resorts International during the second quarter worth about $169,000. Global X Management Co. Ibm Retirement Fund has invested 0.06% in MGM Resorts International (NYSE:MGM). This recommendation lands on a scale between 1 and 5. Finally, Colony Group LLC bought a new stake in MGM Resorts International during the 2nd quarter worth about $203,000. Deutsche Bank maintained MGM Resorts International (NYSE:MGM) rating on Thursday, July 27. If you are reading this report on another publication, it was stolen and republished in violation of USA & global copyright and trademark legislation. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

In other news, Director Rose Mckinney-James sold 3,097 shares of the company's stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $34.19, for a total value of $8,881,194.40. Following the completion of the transaction, the chief accounting officer now owns 197,993 shares of the company's stock, valued at approximately $6,704,042.98. The disclosure for this sale can be found here. Sumitomo Mitsui Holdings invested 0.07% of its portfolio in MGM Resorts International (NYSE:MGM). The stock increased 4.17% or $0.11 on September 15, reaching $2.75. The stock's 50 day moving average is $32.03 and its 200-day moving average is $30.60. Cobiz Investment Management Llc who had been investing in Intercontinental Exchange Inc for a number of months, seems to be bullish on the $38.48 billion market cap company. The stock touched 52-week High of $34.65 on 09/07/17 and 52-week Low of $24.78 on 09/21/16.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Thursday, July 27th.

The High Revenue estimate is predicted as 2.82 Million, while the Low Revenue Estimate prediction stands at 2.68 Million. MGM Resorts International had a return on equity of 7.97% and a net margin of 9.26%. MGM Resorts International's revenue for the quarter was up 16.4% compared to the same quarter past year. After $0.31 actual EPS reported by MGM Resorts International for the previous quarter, Wall Street now forecasts 9.68% EPS growth.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. The firm has "Hold" rating by Deutsche Bank given on Monday, September 11. Its down 0.22, from 1.23 in 2016Q3. This buyback authorization allows the company to reacquire up to 5.3% of its shares through open market purchases.

Several brokerages have weighed in on MGM.

Analysts await MGM Resorts International (NYSE:MGM) to report earnings on November, 6. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. BidaskClub downgraded shares of MGM Resorts International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 1st. MGM Resorts International (NYSE:MGM) has risen 45.28% since September 17, 2016 and is uptrending. On Monday, May 1 Mandekic Anthony Leo sold $370,375 worth of MGM Resorts International (NYSE:MGM) or 11,913 shares. Finally, Deutsche Bank AG downgraded MGM Resorts International from a "buy" rating to a "hold" rating and set a $36.00 price target on the stock.in a research note on Monday, September 11th. Stifel Nicolaus maintained it with "Buy" rating and $35 target in Friday, February 17 report.

Right now, the Mashantucket Pequot and Mohegan tribes, owners of Foxwoods Resort Casino and Mohegan Sun, have exclusive rights when it comes to developing gambling sites in CT. The Company operates in two segments: domestic resorts and MGM China.

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