Equities research analysts expect MGM Resorts International (NYSE:MGM) to report earnings per share (EPS) of $0.07 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for MGM Resorts International’s earnings. The lowest EPS estimate is ($0.05) and the highest is $0.16. MGM Resorts International posted earnings of $0.11 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 36.4%. The company is expected to report its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that MGM Resorts International will report full year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.23. For the next financial year, analysts anticipate that the company will report earnings of $1.37 per share, with EPS estimates ranging from $1.16 to $1.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow MGM Resorts International.

A number of equities analysts recently commented on MGM shares. Roth Capital started coverage on MGM Resorts International in a research note on Wednesday, October 25th. They issued a “buy” rating and a $38.00 price objective on the stock. Zacks Investment Research lowered MGM Resorts International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Morgan Stanley set a $35.00 price objective on MGM Resorts International and gave the stock a “buy” rating in a research note on Friday, October 6th. Nomura cut their price objective on MGM Resorts International from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus lowered MGM Resorts International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $38.00 to $33.00 in a research note on Wednesday, October 18th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $36.79.

In other news, EVP John Mcmanus sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $33.35, for a total transaction of $333,500.00. Following the transaction, the executive vice president now directly owns 54,337 shares of the company’s stock, valued at $1,812,138.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Baldwin sold 61,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $32.56, for a total value of $2,005,696.00. Following the transaction, the insider now directly owns 70,049 shares in the company, valued at $2,280,795.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,877 shares of company stock worth $3,187,002. Insiders own 12.20% of the company’s stock.

Several large investors have recently modified their holdings of MGM. Spirit of America Management Corp NY acquired a new position in shares of MGM Resorts International during the third quarter worth approximately $104,000. Sun Life Financial INC acquired a new position in shares of MGM Resorts International during the third quarter worth approximately $124,000. Pacad Investment Ltd. acquired a new position in shares of MGM Resorts International during the second quarter worth approximately $169,000. Toronto Dominion Bank raised its position in shares of MGM Resorts International by 12.4% during the second quarter. Toronto Dominion Bank now owns 5,644 shares of the company’s stock worth $177,000 after purchasing an additional 624 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of MGM Resorts International during the third quarter worth approximately $197,000. 82.96% of the stock is currently owned by institutional investors.

MGM Resorts International (NYSE MGM) traded up $0.29 during trading on Thursday, hitting $33.92. The company had a trading volume of 5,981,800 shares, compared to its average volume of 6,222,528. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market capitalization of $19,270.00, a price-to-earnings ratio of 33.25, a P/E/G ratio of 6.34 and a beta of 1.45. MGM Resorts International has a one year low of $25.15 and a one year high of $34.65.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 11th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.30%. The ex-dividend date was Friday, December 8th. MGM Resorts International’s dividend payout ratio (DPR) is presently 43.14%.

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About MGM Resorts International

MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.

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Earnings History and Estimates for MGM Resorts International (NYSE:MGM)

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