MGM Resorts International (MGM) to Release Earnings on Wednesday

MGM Resorts International (NYSE:MGM) is projected to release its Q2 2025 earnings data after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.55 per share and revenue of $4.28 billion for the quarter.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.29 billion. MGM Resorts International had a net margin of 3.95% and a return on equity of 20.64%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. On average, analysts expect MGM Resorts International to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MGM Resorts International Price Performance

Shares of NYSE:MGM opened at $38.56 on Tuesday. The company’s 50-day moving average is $34.72 and its 200 day moving average is $33.29. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.26 and a current ratio of 1.31. The company has a market capitalization of $10.49 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 2.48 and a beta of 1.76. MGM Resorts International has a fifty-two week low of $25.30 and a fifty-two week high of $43.99.

MGM Resorts International declared that its Board of Directors has authorized a share buyback program on Wednesday, April 30th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 22.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citizens Jmp downgraded shares of MGM Resorts International from an “outperform” rating to a “market perform” rating in a report on Thursday, June 26th. Truist Financial upped their price objective on shares of MGM Resorts International from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Susquehanna upped their price objective on shares of MGM Resorts International from $45.00 to $50.00 and gave the company a “positive” rating in a report on Thursday, May 1st. JMP Securities reaffirmed a “market perform” rating on shares of MGM Resorts International in a report on Thursday, June 26th. Finally, Citigroup raised shares of MGM Resorts International from a “hold” rating to a “strong-buy” rating and upped their price objective for the company from $55.00 to $57.00 in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, MGM Resorts International has an average rating of “Moderate Buy” and an average price target of $48.00.

Insider Activity

In related news, Director Keith A. Meister sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $32.09, for a total value of $1,925,400.00. Following the transaction, the director directly owned 5,627,478 shares in the company, valued at approximately $180,585,769.02. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Corey Ian Sanders sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.43, for a total transaction of $1,377,200.00. Following the completion of the transaction, the chief operating officer owned 281,530 shares in the company, valued at approximately $9,693,077.90. This trade represents a 12.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,261 shares of company stock worth $3,486,367 over the last ninety days. Company insiders own 3.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of MGM Resorts International by 12.1% in the first quarter. NewEdge Advisors LLC now owns 3,893 shares of the company’s stock worth $115,000 after purchasing an additional 421 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in MGM Resorts International by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,652 shares of the company’s stock worth $582,000 after buying an additional 951 shares in the last quarter. Finally, Woodline Partners LP boosted its stake in MGM Resorts International by 39.1% in the first quarter. Woodline Partners LP now owns 18,901 shares of the company’s stock worth $560,000 after buying an additional 5,312 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors.

About MGM Resorts International

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.