What is Seaport Res Ptn’s Forecast for MGM FY2025 Earnings?

MGM Resorts International (NYSE:MGM) – Analysts at Seaport Res Ptn reduced their FY2025 earnings per share (EPS) estimates for MGM Resorts International in a report released on Wednesday, February 5th. Seaport Res Ptn analyst V. Umansky now forecasts that the company will earn $2.32 per share for the year, down from their prior forecast of $2.33. The consensus estimate for MGM Resorts International’s current full-year earnings is $2.37 per share.

Several other brokerages also recently issued reports on MGM. Jefferies Financial Group reduced their price objective on MGM Resorts International from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Barclays reduced their price objective on MGM Resorts International from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. Truist Financial reduced their target price on MGM Resorts International from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. BTIG Research downgraded MGM Resorts International from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, Mizuho reduced their target price on MGM Resorts International from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.93.

MGM Resorts International Trading Up 0.7 %

Shares of MGM stock opened at $34.48 on Friday. The business’s fifty day moving average price is $34.53 and its 200 day moving average price is $37.08. MGM Resorts International has a 1-year low of $31.61 and a 1-year high of $48.24. The firm has a market capitalization of $10.26 billion, a PE ratio of 12.31, a P/E/G ratio of 2.93 and a beta of 2.20. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.24 and a quick ratio of 1.21.

Institutional Investors Weigh In On MGM Resorts International

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

Insider Activity

In other news, Director Keith A. Meister sold 51,000 shares of the 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 completion of the sale, the director now owns 5,687,478 shares in the company, valued at approximately $207,991,070.46. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.83% 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.