|Bid||15.95 x 2200|
|Ask||16.00 x 2900|
|Day's range||15.27 - 16.00|
|52-week range||5.90 - 34.64|
|Beta (5Y monthly)||2.23|
|PE ratio (TTM)||2.90|
|Earnings date||23 Jul 2020 - 27 Jul 2020|
|Forward dividend & yield||0.01 (0.06%)|
|Ex-dividend date||09 Jun 2020|
|1y target est||21.04|
Casinos may be opening up around the country, but MGM Resorts' (NYSE: MGM) stock is likely to be stuck in place, because there's nothing to move it higher. Jefferies analyst David Katz downgraded his rating of the resort operator to hold from buy and reduced his price target 23% to $17 per share today, arguing there are no catalysts for any price appreciation. While MGM Resorts has properties in China and several regional U.S. markets, Katz notes it is the biggest operator in Las Vegas with the greatest hospitality market share for the MICE (meetings, incentive travel, conventions, and events) business.
MGM Resorts (MGM) is set to resume operations in properties at Mississippi while maintaining comprehensive protocols to contain the spread of coronavirus.
Casino giant Caesars’ mountains of debt raises uncertainty about its pending merger with Eldorado (ERI) amid the pandemic, says Dan Wasiolek, senior equity analyst at Morningstar.
Deutsche Bank (DE:DBKGn) analyst Carlo Santarelli maintained a Hold rating on Mgm Resorts International on Tuesday, setting a price target of $13, which is approximately 6.14% below the present share price of $13.85.
Red Rock Resorts (RRR) first-quarter 2020 results are likely to reflect increased costs in maintenance, modification, sports betting, marketing initiatives and investment projects.
Decline in traffic due to the coronavirus-induced shutdowns is likely to get reflected in Melco Resorts' (MLCO) first-quarter revenue results.
Investors should typically have a long-term mindset when buying a stock, which means thinking about where a stock will be in the next three, five, or 10 years. Yet the current environment necessitates investors adopting a more immediate outlook if only to ascertain whether a company will be able to make it through to the next year -- let alone survive the next decade.
The ability to implement travel restrictions will determine whether the Las Vegas Strip can reopen without having to close again.
Casino operator MGM Resorts (NYSE: MGM) closed down all of its U.S. casino resorts in March. MGM will be screening its resort employees for "signs and symptoms of infection," including taking their temperatures for signs of fever. Guests will be "asked" to self-screen, and stay away from the resorts if they believe they have contracted COVID-19.
KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of MGM Resorts International (NYSE:MGM) ("MGM") who held large, unhedged concentrated positions in MGM stock and/or received margin calls resulting in the forced sale of stock. The recent losses were the result of unsuitable advice during the Coronavirus ("COVID-19") pandemic. The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in MGM stock.
Shares of MGM Resorts (NYSE: MGM) jumped 42.6% in April, according to data provided by S&P Global Market Intelligence, after investors became a bit more bullish on the casino industry's recovery. In March, the market's recovery and investors' more optimistic view of the effects of COVID-19 on the economy pushed stocks higher overall. Additionally, investors were pleased with the ability of companies to raise money to survive.
What happened MGM Resorts (NYSE: MGM) fell 10% on Friday after reporting earnings yesterday that showed the casino operator swung to a $0.45-per-share adjusted loss in the first quarter, compared to a $0.
Joining the call from the company today are Bill Hornbuckle, acting Chief Executive Officer and President; Corey Sanders, Treasurer and Chief Financial Officer; Grant Bowie, CEO and Executive Director of MGM China Holdings Limited; and Aaron Fischer, Chief Strategy Officer. This call is being broadcast live on the Internet at investors.mgmresorts.com, and we have also furnished our press release on Form 8-K to the SEC.
Since the casino industry in the world's biggest gambling enclaves is essentially shut down because of the SARS-CoV-2 coronavirus, few investors expected a standout quarter from one of the sector's mainstays, MGM Resorts International (NYSE: MGM). In January, MGM agreed to sell its MGM Grand Las Vegas and its Mandalay Bay resorts to a joint venture controlled by the similarly named though independent real estate investment trust (REIT) MGM Growth Properties and Blackstone Real Estate Income Trust.
MGM (MGM) delivered earnings and revenue surprises of -462.50% and 0.00%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
MGM (MGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
China suddenly shut down approximately 600-700 cinemas (again) despite its original plan to gradually reopen as a result of the slowdown.