Positive News Coverage Somewhat Unlikely to Affect MGM Resorts International (NYSE:MGM) Stock Price

News articles about MGM Resorts International (NYSE:MGM) have trended positive on Friday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGM Resorts International earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.5813697897243 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

NYSE MGM opened at $27.48 on Friday. MGM Resorts International has a one year low of $26.31 and a one year high of $38.41. The stock has a market capitalization of $14.66 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 3.51 and a beta of 1.44. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.25.

MGM Resorts International (NYSE:MGM) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. MGM Resorts International had a return on equity of 5.07% and a net margin of 17.11%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period last year, the company earned $0.28 EPS. MGM Resorts International’s revenue for the quarter was up 7.8% on a year-over-year basis. sell-side analysts expect that MGM Resorts International will post 1.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Monday, September 10th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 7th. This represents a $0.48 annualized dividend and a yield of 1.75%. MGM Resorts International’s payout ratio is 47.06%.

Several equities analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on MGM Resorts International in a report on Tuesday, August 14th. They set a “neutral” rating and a $31.00 price target for the company. Zacks Investment Research upgraded MGM Resorts International from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 8th. Barclays reduced their price target on MGM Resorts International from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Monday, August 6th. Telsey Advisory Group reduced their price target on MGM Resorts International from $34.00 to $31.00 and set a “market perform” rating for the company in a report on Friday, August 3rd. Finally, Morgan Stanley reduced their price target on MGM Resorts International from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $37.14.

In other MGM Resorts International news, CFO Daniel D’arrigo sold 29,377 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $29.23, for a total value of $858,689.71. Following the transaction, the chief financial officer now directly owns 260,676 shares of the company’s stock, valued at $7,619,559.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexis Herman sold 1,750 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $28.28, for a total value of $49,490.00. The disclosure for this sale can be found here. Insiders sold a total of 34,627 shares of company stock valued at $1,009,155 over the last quarter. 12.20% of the stock is owned by corporate insiders.

About MGM Resorts International

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and China. The company operates through two segments, Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

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Insider Buying and Selling by Quarter for MGM Resorts International (NYSE:MGM)

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