Stock In Spotlight: MGM Resorts International (NYSE:MGM)

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MGM Resorts International (NYSE:MGM) closed its last session at $34.44. The stock traded within a range of $32.89 and $34.49. The company operates in the Consumer Cyclical sector with a market capitalization of 19.54 Million. Trading volume for MGM Resorts International was 12.99 Million in its previous trading session. Currently, MGM Resorts International (NYSE:MGM) has an average volume of 7.52 Million.

Company Profile

MGM Resorts International, formerly known as MGM MIRAGE, is a global hospitality company, operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company’s resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It owns and operates properties located in Nevada, Mississippi and Michigan, and has investments in some properties in Nevada, Illinois and Macau. 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. MGM Resorts International is based in Las Vegas, Nevada.

Analyst Views

MGM Resorts International (NYSE:MGM) received a Buy rating from 4 analysts. 0 analysts gave its stock an Outperform rating. 3 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

MGM Resorts International (NYSE:MGM) touched its 1-Year High price of $38.41 on 01/29/18 and its 1-Year Low price of $25.15 on 03/10/17.

EPS & Financials

MGM Resorts International (NYSE:MGM) reported its EPS in the last quarter as $0.34/Share lagging the analyst estimate of $0.34/Share by a difference of $0. This showed a surprise of 0% in the last quarter earnings.

For the current quarter, 11 analysts are projecting a mean EPS of $0.07/share. According to their observations and findings, the stock could provide a high EPS of $0.12/share and a low EPS of $-0.05/share.

Analysts believe that the company has the potential to earn average revenue of $2.5 Billion for the current quarter. According to their predictions high & low revenue estimates are 2.55 Billion and 2.45 Billion respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. MGM Resorts International (NYSE:MGM) has a 20-Day average volume of 9.59 Million. According to today’s trading volume MGM Resorts International is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BULLISH signal. The 100-Day trend also shows a BULLISH trend as well.

The company currently has an insider ownership of 0.2 Percent and Institutional ownership of 84.1 Percent. The return on assets stands at 2.1%, Return on Equity currently is 9.3% and the Return on Investment value is 10.7%.

MGM Resorts International (NYSE:MGM) gross margin percentage stands at 42.8% while its operating margin for the past trailing twelve month is 16.7 percent and its overall profit margin (ttm) is 5.6 Percent. The stock is currently moving below its 20-Day Simple Moving Average of -3.78% with a 50-Day Simple Moving Average of -0.11 percent. As of today, the company has a SMA200 (200-day simple moving average) of 5.62 Percent. The Stock has YTD (year to date) performance of 3.14 percent.

The TTM operating margin for the company stands at 16.7%. The return on invested capital is at 10.7%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 0.

The company’s stock is currently moving with a +ve distance from the 200 day SMA of approximately 5.62%, and has a solid year to date (YTD) performance of 3.14% which means that the stock is constantly adding to its value from the previous fiscal year end price.