The company will report its next earnings on Oct 27 – Oct 31 (Est.). Mean Earnings Per Share (EPS) forecast is set at $0.11 by these analysts. MGM Resorts International makes up approx 0.02% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in MGM in the latest quarter, The investment management firm added 10,500 additional shares and now holds a total of 155,404 shares of MGM Resorts International which is valued at $3,594,495. The stock has a market capitalization of $13.54B along with 565.61M outstanding shares.
Advertisement
According to 12 analysts, MGM Resorts International (NYSE:MGM)’s revenue estimates for the current quarter are $2.37B meanwhile the company has high revenue estimates of $2.48B in contradiction of low revenue estimates of $2.21B. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. The company had Year Ago Sales of 2.28 Billion.
As consideration for the MGM China shares, the Company issued to GPM’s partner Expert Angels Limited (“EA”) 7,060,492 shares of its common stock and paid consideration of $100 million. A number of important factors could cause actual results to differ materially from those indicated in such forward-looking statements, including effects of economic conditions and market conditions in the markets in which the Company operates, competition with other destination travel locations throughout the United Statesand the world, the design, timing and costs of expansion projects, and risks relating to worldwide operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company’s Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports) filed with the Securities and Exchange Commission.
MGM Resorts International (NYSE:MGM) opened at 24.65 on Friday.
Now the Insiders own 0.20% of MGM Resorts International shares. The share price of the stock surged -2.32% for the year. The mean price target is calculated keeping in view the consensus of 15 brokerage firms.
To analyze a stock, one should look for Upgrades and Downgrades of a stock. The trading activity of 3.09 Million shares climbed up over an average volume of 298.92K shares.
On 9/1/2016, MGM Resorts International (NYSE:MGM) finished the previous buying and selling session with the price of $24.65. The stock volatility for week was 1.55% while for month was 1.58%.The stock, as of last close, traded 47.65% to its 52 week low and was changed -5.54% from its 52 week high.
The simple 20 day moving average for MGM Resorts International is 0.49% and the simple 200-day moving average is at 8.38%. The stock touched 52-week High of $25.29 on Jun 9, 2016 and 52-week Low of $16.18 on Feb 9, 2016. Recently, analysts have updated the mean rating to 1.3. MGM Resorts International P/E (price to earnings) ratio is 0 and Forward P/E ratio of 22.68. Quarterly performance of the company shows declining momentum of -0.87% while its last one month trend is positive with 0.38%. The stock increased in value by nearly 4.18% over the past week and grew 3.66% in the past month. MGM Resorts International (NYSE:MGM) PEG ratio is at 3.20.
While looking at the Stock’s Performance, MGM Resorts International now shows a Weekly Performance of 4.18%, where Monthly Performance is 3.66%, Quarterly performance is 2.45%, 6 Months performance is 24.43% and yearly performance percentage is 21.67%.
Advertisement
Along with these its year to date performance is standing at 5.15%. The stock now has Weekly Volatility of 1.59% and Monthly Volatility of 1.64%.
