Seaport Res Ptn Issues Pessimistic Estimate for MGM Earnings

MGM Resorts International (NYSE:MGM) – Research analysts at Seaport Res Ptn decreased their FY2025 earnings per share estimates for shares of MGM Resorts International in a research report issued on Thursday, February 13th. Seaport Res Ptn analyst V. Umansky now expects that the company will earn $2.22 per share for the year, down from their previous estimate of $2.32. The consensus estimate for MGM Resorts International’s current full-year earnings is $2.37 per share. Seaport Res Ptn also issued estimates for MGM Resorts International’s FY2026 earnings at $2.83 EPS and FY2027 earnings at $3.25 EPS.

MGM Resorts International (NYSE:MGM) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. MGM Resorts International had a return on equity of 25.84% and a net margin of 5.23%.

Several other brokerages have also recently commented on MGM. Capital One Financial upped their target price on shares of MGM Resorts International from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group dropped their target price on shares of MGM Resorts International from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Susquehanna Bancshares upped their target price on shares of MGM Resorts International from $53.00 to $56.00 in a research report on Wednesday. Morgan Stanley upped their target price on shares of MGM Resorts International from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their target price on shares of MGM Resorts International from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.39.

MGM Resorts International Stock Performance

Shares of MGM Resorts International stock opened at $40.38 on Friday. The firm has a fifty day moving average of $34.32 and a two-hundred day moving average of $36.83. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.94 and a beta of 2.20. MGM Resorts International has a 52 week low of $31.61 and a 52 week high of $48.24. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.21 and a current ratio of 1.24.

Hedge Funds Weigh In On MGM Resorts International

Hedge funds have recently modified their holdings of the stock. Empower Advisory Group LLC grew its holdings in shares of MGM Resorts International by 4.2% in the 3rd quarter. Empower Advisory Group LLC now owns 1,571,492 shares of the company’s stock valued at $61,430,000 after acquiring an additional 62,997 shares in the last quarter. Goldentree Asset Management LP grew its holdings in shares of MGM Resorts International by 86.4% in the 3rd quarter. Goldentree Asset Management LP now owns 3,000,000 shares of the company’s stock valued at $117,270,000 after acquiring an additional 1,390,599 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in shares of MGM Resorts International in the 4th quarter valued at about $2,010,000. Assenagon Asset Management S.A. grew its holdings in shares of MGM Resorts International by 80.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 358,186 shares of the company’s stock valued at $12,411,000 after acquiring an additional 159,522 shares in the last quarter. Finally, Zacks Investment Management grew its holdings in shares of MGM Resorts International by 7.8% in the 3rd quarter. Zacks Investment Management now owns 400,393 shares of the company’s stock valued at $15,651,000 after acquiring an additional 29,107 shares in the last quarter. Institutional investors own 68.11% of the company’s stock.

Insider Buying and Selling at MGM Resorts International

In other MGM Resorts International news, Director Keith A. Meister sold 51,000 shares of MGM Resorts International stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $36.57, for a total value of $1,865,070.00. Following the sale, the director now owns 5,687,478 shares of the company’s stock, valued at $207,991,070.46. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.13% of the company’s stock.

MGM Resorts International Company Profile

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. 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.