MGM Resorts International (MGM) Earns Media Impact Score of 0.17
Media coverage about MGM Resorts International (NYSE:MGM) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MGM Resorts International earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.8075970218733 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- Park MGM Opens Next Year in Vegas, but Meeting Space Arrives First (meetingsnet.com)
- MGM punts on affluent masses in Macau (calvinayre.com)
- MGM Resorts International (MGM) Short Interest Up 83.5% in July (americanbankingnews.com)
- MGM's Murren Says Focus Is on Growing Mass Market (finance.yahoo.com)
- Prudential Financial Inc. Increases Stake in MGM Resorts International (MGM) (wisdomsave.com)
Shares of MGM Resorts International (NYSE:MGM) traded up 1.94% on Tuesday, hitting $31.59. 7,768,169 shares of the company were exchanged. The stock has a market capitalization of $18.17 billion, a PE ratio of 18.70 and a beta of 1.48. MGM Resorts International has a 52-week low of $23.38 and a 52-week high of $34.53. The firm’s 50-day moving average is $32.15 and its 200-day moving average is $29.98.
MGM Resorts International (NYSE:MGM) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.67 billion. MGM Resorts International had a net margin of 9.26% and a return on equity of 7.97%. MGM Resorts International’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. Equities research analysts predict that MGM Resorts International will post $1.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, September 11th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, September 8th. This represents a $0.44 dividend on an annualized basis and a yield of 1.39%. MGM Resorts International’s payout ratio is presently 26.04%.
Several research analysts recently weighed in on the stock. Deutsche Bank AG upped their target price on shares of MGM Resorts International from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $36.00 target price (up previously from $32.00) on shares of MGM Resorts International in a report on Thursday, April 27th. CLSA reaffirmed an “outperform” rating on shares of MGM Resorts International in a report on Friday, April 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $34.00 target price (up previously from $33.00) on shares of MGM Resorts International in a report on Monday, July 10th. Finally, Instinet reaffirmed a “buy” rating and issued a $35.00 target price (up previously from $34.00) on shares of MGM Resorts International in a report on Saturday, April 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $34.81.
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In related news, CEO James Murren sold 57,269 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $31.54, for a total transaction of $1,806,264.26. Following the transaction, the chief executive officer now directly owns 969,111 shares in the company, valued at $30,565,760.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Selwood sold 10,046 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $31.56, for a total transaction of $317,051.76. Following the transaction, the executive vice president now owns 116,743 shares in the company, valued at $3,684,409.08. The disclosure for this sale can be found here. Insiders have sold 141,329 shares of company stock worth $4,546,246 over the last 90 days. 12.20% of the stock is currently owned by company insiders.
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.
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