MGM Resorts International Commo (NYSE:MGM):
MGM Resorts International Issues 2016 Annual Corporate Social Responsibility Report.
In the market the company is trading down by -1.31 percent from yesterday’s close.
Additionally MGM Resorts International Commo recently declared a dividend payable on Thursday the 15th of June 2017. The dividend will be $0.110 per share for the quarter or $0.44 annualized. The dividend yield will be $1.38. The ex-dividend date will be Wednesday June 7th, 2017.
MGM Resorts International, launched on January 29, 1986, 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. Its MGM China?s operations consist of the MGM Macau resort and casino (MGM Macau), and the development of an integrated casino, hotel and entertainment resort on the Cotai Strip in Macau (MGM Cotai). Under its resort operation, the Business’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It makes investments in its resorts through remodeled hotel rooms, restaurants, entertainment and nightlife offerings, as well as other features and amenities. Its subsidiaries include Blue Tarp reDevelopment, LLC, Mandalay Resort Group and MGM CC, LLC..
Shares are trading at $31.56 a tad above $31.23, the 50 day moving average and which is marginally over the 200 day moving average of $28.88. The 50 day moving average moved up $0.33 and the 200 day average went up $2.68 or +9.266%.
The company currently has a P/E ratio of 14.663 and the market value is 18.14B. As of the last earnings report the EPS was $2.15 and is expected to be $1.27 for the current year with 574,739,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.35 with next year’s EPS anticipated to be $1.58.
Several Wall Street analysts have weighed in on the company. On October 6 the stock rating was upgraded from “Buy” to “Buy” by analysts at . On October 6 the company was upgraded to “Buy” from “Hold” in an announcement from Argus Research.
On October 5 Nomura kept the company rating at “Buy” and raised the price target from $25.00 to $32.00. June 20 investment analysts at Susquehanna left the company rating at “Buy” but raised the price target to $29.00 from $28.00.
June 17 investment analysts at Deutsche Bank maintained a stock rating of “Buy” but raised the price expectation to $29.00 from $25.00. June 9 investment analysts at Stifel Nicolaus held the company rating at “Buy” but moved up the price target to $30.00 from $27.00.