Burning Stock on the move: MGM Resorts International (MGM)


MGM Resorts International (MGM) belonging to the Consumer Discretionary sector has surged 2.95% and closed its last trading session at $27.58.

The company reported its EPS on 02/16/2017. Currently, the stock has a 1 Year Price Target of $33.33.

The consensus recommendation, according to Zacks Investment research, is 1.04. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.

The Stock had a 1.11 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.11 and 1.12 respectively.

MGM Resorts International on 02/16/2017 reported its EPS as $0.11 with the analysts projecting the EPS of the stock as $0.21. The company beat the analyst EPS Estimate with the difference of $-0.1. This shows a surprise factor of -47.6%.

Many analysts have provided their estimated foresights on MGM Resorts International Earnings, with 10 analysts believing the company would generate an Average Estimate of $0.31.

Whereas they predicted High and Low Earnings Estimate as $0.44 and $0.2 respectively. While in the same Quarter Previous year, the Actual EPS was $0.16.

Analysts are also projecting an Average Revenue Estimate for MGM Resorts International as $2.64 Billion in the Current Quarter. This estimate is provided by 14 analysts.

The High Revenue estimate is predicted as 2.79 Billion, while the Low Revenue Estimate prediction stands at 2.58 Billion. The company’s last year sales total was 2.21 Billion.

For the Current Quarter, the growth estimate for MGM Resorts International is 93.8%, while for the Next Quarter the stock growth estimate is 13.3%.

In the past 5 years, the stock showed growth of 60.7% per annum. While for the next 5 years, the growth estimate is 34.82%.

The Company got Initiated by Goldman on 16-Dec-16 to Buy.

Insider Trades for MGM Resorts International show that the latest trade was made on 2 Mar 2017 where Hornbuckle (William J Iv), the President completed a transaction type “Sell” in which 9261 shares were traded at a price of $26.46.

Over the period of 6 months, Insider Purchases show a total of 3 transaction in which 19000 shares were traded. 2 Insider Sales transactions were made totaling 15961 shares traded.

18 analysts projected Price Targets for MGM Resorts International. The analysts believe that the company stock price could grow as high as $37. The Low Price target projection by analysts is $31 and the Mean Price Target is $33.33.

MGM Resorts International (MGM) has the market capitalization of $15.84 Billion. The company rocked its 52-Week High of $30.62 on Dec 8, 2016 and touched its 52-Week Low of $20.14 on Mar 28, 2016.

The stock has Return on Assets (ROA) of 4.1 percent. Return on Equity (ROE) stands at 19% and Return on Investment (ROI) of 10.7 percent.

The stock is currently showing YTD performance of -3.93 Percent. The company has Beta Value of 1.61 and ATR value of 0.64. The Weekly and Monthly Volatility stands at 2.12% and 2.17%.