MGM Resorts International (NYSE:MGM – Get Free Report) posted its earnings results on Wednesday. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.20, Briefing.com reports. MGM Resorts International had a net margin of 5.35% and a return on equity of 23.62%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the company posted $0.59 EPS. MGM Resorts International’s quarterly revenue was up 9.8% compared to the same quarter last year.
MGM Resorts International Trading Down 13.2 %
MGM traded down $5.68 during midday trading on Thursday, reaching $37.29. 20,031,029 shares of the company’s stock traded hands, compared to its average volume of 3,825,610. MGM Resorts International has a 52 week low of $34.12 and a 52 week high of $49.63. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.51 and a quick ratio of 1.46. The firm has a fifty day moving average of $42.15 and a two-hundred day moving average of $42.83. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 0.89 and a beta of 2.24.
Insider Activity
In other MGM Resorts International news, Director Alexis Herman sold 4,344 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $41.50, for a total value of $180,276.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Alexis Herman sold 4,344 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $41.50, for a total transaction of $180,276.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith A. Meister sold 139,300 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $40.44, for a total transaction of $5,633,292.00. Following the sale, the director now directly owns 5,859,478 shares in the company, valued at $236,957,290.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,988 shares of company stock valued at $5,991,759. Company insiders own 2.13% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on MGM
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.
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