0 30 eps expected for mgm resorts international mgm


$0.30 EPS Expected for MGM Resorts International (MGM)


March 24, 2018 – By Ellis Scott



Investors sentiment increased to 1.53 in Q3 2017. Its up 0.52, from 1.01 in 2017Q2. It improved, as 43 investors sold MGM Resorts International shares while 113 reduced holdings. 94 funds opened positions while 145 raised stakes. 458.66 million shares or 7.73% more from 425.76 million shares in 2017Q2 were reported.

M&T Fincl Bank holds 28,691 shares. Blackrock holds 0.05% in MGM Resorts International (NYSE:MGM) or 29.71 million shares. Hoplite Capital Management Lp reported 2.59 million shares. Commonwealth Equity reported 44,180 shares or 0.01% of all its holdings. Invesco Limited has invested 0.01% in MGM Resorts International (NYSE:MGM). Parallax Volatility Advisers Limited Partnership invested in 0.01% or 138,984 shares. Shell Asset holds 65,091 shares or 0.02% of its portfolio. Chevy Chase Tru Hldgs reported 454,375 shares or 0.07% of all its holdings. Icon Advisers has 7,600 shares. Blue Ridge Capital Ltd Limited Liability Company owns 1.67 million shares for 0.98% of their portfolio. Savings Bank Of Nova Scotia has invested 0.02% in MGM Resorts International (NYSE:MGM). Moreover, Cap Rech Investors has 0.32% invested in MGM Resorts International (NYSE:MGM). Moreover, Citadel Lc has 0.01% invested in MGM Resorts International (NYSE:MGM). Frontier Capital Mgmt Com Lc holds 0.53% or 2.24M shares. Mitsubishi Ufj & has invested 0.06% in MGM Resorts International (NYSE:MGM).

Since February 22, 2018, it had 1 buying transaction, and 6 insider sales for $5.07 million activity. Another trade for 1,000 shares valued at $35,500 was bought by GROUNDS WILLIAM WARWICK. On Monday, March 12 HERMAN ALEXIS sold $159,351 worth of MGM Resorts International (NYSE:MGM) or 4,350 shares. $2.18 million worth of MGM Resorts International (NYSE:MGM) was sold by HORNBUCKLE WILLIAM. TAYLOR DANIEL J had sold 12,536 shares worth $434,632. The insider SANDERS COREY IAN sold 23,134 shares worth $848,588. Shares for $215,773 were sold by BIBLE WILLIAM A on Tuesday, March 6.



Analysts expect MGM Resorts International (NYSE:MGM) to report $0.30 EPS on April, 26.They anticipate $0.08 EPS change or 21.05 % from last quarter’s $0.38 EPS. MGM’s profit would be $169.91M giving it 27.72 P/E if the $0.30 EPS is correct. The stock decreased 3.68% or $1.27 during the last trading session, reaching $33.26. About 12.17M shares traded or 54.99% up from the average. MGM Resorts International (NYSE:MGM) has risen 45.28% since March 24, 2017 and is uptrending. It has outperformed by 28.58% the S&P500.

MGM Resorts International (NYSE:MGM) Ratings Coverage

Among 18 analysts covering MGM Resorts (NYSE:MGM), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. MGM Resorts had 62 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Thursday, January 28. The stock of MGM Resorts International (NYSE:MGM) has “Buy” rating given on Monday, June 20 by UBS. The rating was maintained by Telsey Advisory Group on Tuesday, January 17 with “Outperform”. As per Thursday, November 9, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, February 21 by Bank of America. Susquehanna maintained MGM Resorts International (NYSE:MGM) rating on Friday, April 21. Susquehanna has “Positive” rating and $31 target. Nomura maintained MGM Resorts International (NYSE:MGM) rating on Wednesday, October 5. Nomura has “Buy” rating and $32 target. JP Morgan maintained MGM Resorts International (NYSE:MGM) rating on Tuesday, October 13. JP Morgan has “Overweight” rating and $28 target. Stifel Nicolaus maintained the shares of MGM in report on Wednesday, February 21 with “Hold” rating. The stock of MGM Resorts International (NYSE:MGM) has “Buy” rating given on Friday, June 17 by Deutsche Bank.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company has market cap of $18.84 billion. The firm operates through two divisions, Domestic Resorts and MGM China. It has a 9.91 P/E ratio. The Company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

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