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

MGM Resorts International (NYSE:MGM) – Investment analysts at Seaport Res Ptn reduced their FY2025 earnings estimates for shares of MGM Resorts International in a research report issued to clients and investors on Wednesday, February 5th. Seaport Res Ptn analyst V. Umansky now expects that the company will post earnings of $2.32 per share for the year, down from their previous estimate of $2.33. The consensus estimate for MGM Resorts International’s current full-year earnings is $2.37 per share.

Several other analysts have also recently weighed in on MGM. Wells Fargo & Company dropped their price target on shares of MGM Resorts International from $53.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Jefferies Financial Group lowered their price objective on MGM Resorts International from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Morgan Stanley lifted their target price on MGM Resorts International from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Barclays lowered their price target on MGM Resorts International from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Finally, Mizuho reduced their price objective on shares of MGM Resorts International from $57.00 to $56.00 and set an “outperform” rating on the stock in a 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 MarketBeat, MGM Resorts International currently has an average rating of “Moderate Buy” and an average price target of $51.93.

MGM Resorts International Price Performance

MGM Resorts International stock opened at $34.56 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 1.63. The company has a 50-day moving average price of $34.53 and a 200 day moving average price of $37.08. MGM Resorts International has a 12-month low of $31.61 and a 12-month high of $48.24. The stock has a market cap of $10.29 billion, a P/E ratio of 12.34, a PEG ratio of 2.93 and a beta of 2.20.

Insider Activity at MGM Resorts International

In related news, Director Keith A. Meister sold 51,000 shares of MGM Resorts International stock in a transaction on 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 transaction, the director now directly 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.13% of the company’s stock.

Institutional Investors Weigh In On MGM Resorts International

Hedge funds have recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. acquired a new stake in MGM Resorts International in the third quarter valued at approximately $28,000. Assetmark Inc. increased its position in shares of MGM Resorts International by 104.1% in the 4th quarter. Assetmark Inc. now owns 806 shares of the company’s stock valued at $28,000 after purchasing an additional 411 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of MGM Resorts International in the 4th quarter valued at approximately $28,000. Eastern Bank acquired a new stake in shares of MGM Resorts International in the 3rd quarter valued at $35,000. Finally, Brooklyn Investment Group purchased a new stake in shares of MGM Resorts International during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 68.11% 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.