MGM Resorts International (MGM) Earns Media Impact Score of 0.20

Headlines about MGM Resorts International (NYSE:MGM) have been trending somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MGM Resorts International earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.3774858898545 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news headlines that may have effected Accern’s analysis:

MGM Resorts International (NYSE MGM) traded down $0.08 during trading hours on Friday, reaching $35.03. The company’s stock had a trading volume of 6,030,000 shares, compared to its average volume of 6,950,000. MGM Resorts International has a 52-week low of $25.15 and a 52-week high of $35.18. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. The firm has a market cap of $19,830.00, a P/E ratio of 34.34, a P/E/G ratio of 6.39 and a beta of 1.45.

MGM Resorts International (NYSE:MGM) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. MGM Resorts International had a return on equity of 6.47% and a net margin of 5.44%. research analysts forecast that MGM Resorts International will post 1.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 11th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, December 8th. MGM Resorts International’s payout ratio is presently 43.14%.

A number of research firms recently issued reports on MGM. JPMorgan Chase & Co. reissued an “overweight” rating and set a $44.00 target price (up from $41.00) on shares of MGM Resorts International in a research note on Tuesday, January 9th. Stifel Nicolaus reissued a “hold” rating and set a $36.00 target price (up from $33.00) on shares of MGM Resorts International in a research note on Thursday, November 9th. Zacks Investment Research raised MGM Resorts International from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Barclays reissued an “overweight” rating on shares of MGM Resorts International in a research note on Monday, October 2nd. Finally, Nomura lowered their target price on MGM Resorts International from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $36.79.

In other news, insider Robert Baldwin sold 61,600 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $32.56, for a total value of $2,005,696.00. Following the completion of the sale, the insider now owns 70,049 shares of the company’s stock, valued at approximately $2,280,795.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Mcmanus sold 10,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $33.35, for a total value of $333,500.00. Following the completion of the sale, the executive vice president now directly owns 54,337 shares of the company’s stock, valued at approximately $1,812,138.95. The disclosure for this sale can be found here. In the last three months, insiders sold 96,877 shares of company stock valued at $3,187,002. 12.20% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for MGM Resorts International (NYSE:MGM)

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