MGM Resorts International (NASDAQ:MGM) Expected To Report Earnings On Wednesday

Mikayla Whitmore A view of the MGM Grand as seen from Rivea at Delano Las Vegas on Feb. 2 2016

Mikayla Whitmore A view of the MGM Grand as seen from Rivea at Delano Las Vegas on Feb. 2 2016

When it comes to net revenue, the average estimate from a total of 11 analysts is 2.76 billion - compared to $2.52 billion posted in the year-ago period.

MGM reported net income of $149.12 million in the third quarter of 2017. Now trading with a market value of 18.68B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Parkside Commercial Bank And invested in 0.07% or 2,115 shares.

Shares of MGM Resorts International (MGM) traded down $0.66 during midday trading on Thursday, hitting $32.40. The firm has "Outperform" rating by RBC Capital Markets given on Friday, October 16.

Since May 15, 2017, it had 0 buys, and 3 selling transactions for $1.31 million activity. Zacks Investment Research cut shares of MGM Resorts International from a "hold" rating to a "sell" rating in a research report on Friday, July 28th. McManus John sold 10,000 shares worth $312,773.

MGM Resorts International's top executive on Wednesday told investors he was proud of his company's team reacting to "an evil individual that made a decision to carry out a devastating act of violence" on October 1. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. Therefore 29% are positive.

The PEG ratio for MGM Resorts International is now 2.35. The stock has "Overweight" rating by Morgan Stanley on Friday, May 6. The rating was initiated by Morgan Stanley with "Overweight" on Friday, May 6. The firm earned "Overweight" rating on Wednesday, September 30 by Barclays Capital. Gulf Natl Bank (Uk) Ltd has invested 0% of its portfolio in MGM Resorts International (NYSE:MGM). Deutsche Bank has "Buy" rating and $28 target. Colony Group LLC acquired a new position in shares of MGM Resorts International in the 2nd quarter valued at $203,000. The company told Nevada regulators in May that it would pay the $86.9 million exit fee to leave the grid by October 1. Over the last three months, insiders sold 698,548 shares of company stock valued at $23,770,532.

Other hedge funds also recently added to or reduced their stakes in the company. 425.76 million shares or 3.24% more from 412.40 million shares in 2017Q1 were reported. It also upped Weyerhaeuser Co (Put) (NYSE:WY) stake by 910,000 shares and now owns 1.44 million shares. MGM Resorts International, MGM has a debt/equity of 2.03, and the LTdebt/equity (Long Term Debt/Equity) of 1.95. Van Eck Corporation has invested 0.01% in MGM Resorts International (NYSE:MGM). Institutional investors own 76.20% of the company's stock. Webster Bancshares N A accumulated 0.01% or 1,259 shares. The lowest target is $32.0 while the high is $33.0. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/11/09/apg-asset-management-n-v-grows-stake-in-mgm-resorts-international-mgm.html.

Murren applauded the "incredible acts of bravery" undertaken by individuals in the wake of the mass shooting at the Route 91 Harvest Festival concert from a suite at the company's Mandalay Bay resort. For shareholders, given the total diluted outstanding shares of 582.06 million, this means overall earnings per share of 0.36. Td Asset holds 0.03% of its portfolio in MGM Resorts International (NYSE:MGM) for 575,452 shares.

Other equities analysts also recently issued research reports about the stock.

Among 49 analysts covering Apple Inc.

Among 36 analysts covering Texas Instruments (NASDAQ:TXN), 18 have Buy rating, 2 Sell and 16 Hold. Therefore 82% are positive. Nomura maintained it with "Buy" rating and $185 target in Wednesday, September 6 report. The stock of Apple Inc. (NASDAQ:AVAV) has "Overweight" rating given on Wednesday, December 9 by Piper Jaffray. As per Monday, August 28, the company rating was maintained by Robert W. Baird. The firm earned "Buy" rating on Friday, September 30 by Citigroup. The rating was maintained by Telsey Advisory on Tuesday, November 8 with "Outperform". The stock has "Buy" rating by Susquehanna on Wednesday, July 26. Stifel Nicolaus maintained the shares of RAI in report on Monday, July 17 with "Hold" rating.

Investors sentiment decreased to 1.01 in Q2 2017. Its up 0.44, from 1.7 in 2017Q1. It worsened, as 24 investors sold APAM shares while 46 reduced holdings. Marshall Wace Llp, a United Kingdom-based fund reported 387,036 shares. Bbt Capital Limited Liability reported 901,300 shares or 7.79% of all its holdings. Keybank Natl Association Oh owns 1.96% invested in Apple Inc. Aspen Invest reported 0.27% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). (NYSE:RAI). Moreover, Louisiana State Employees Retirement Systems has 0.16% invested in Reynolds American, Inc. (NASDAQ:AAPL). Sequoia Fincl Advsr Ltd Liability invested in 195,707 shares or 3.49% of the stock. Cambridge Investment Advsrs reported 0% of its portfolio in Artisan Partners Asset Management Inc (NYSE:APAM). Regentatlantic Cap Ltd Com owns 34,700 shares for 0.1% of their portfolio.

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