MGM Resorts International moved 1.2% this afternoon session, trading between a high of $38.78 and a low of $37.1499 per share. Yesterday the stock finished at $38.21 per share, compared to an average analyst target price of $56.78.
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The large-cap hotels/resorts company is based in the United States, and over the last twelve months it has returned a dividend yield of 0.0%. MGM Resorts International has trailing twelve months earnings per share (EPS) of 2.98, which at today's prices amounts to a price to earnings (P/E) ratio of 13.0.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of -0.07. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
---|---|---|---|---|
2023 | 14,823,791 | 14,620,461 | 1 | -91.67 |
2022 | 13,127,485 | 11,527,900 | 12 | -47.83 |
2021 | 9,680,140 | 7,486,264 | 23 | 276.92 |
2020 | 5,162,082 | 5,847,454 | -13 | -143.33 |
2019 | 12,899,672 | 9,078,978 | 30 | 172.73 |
2018 | 11,763,096 | 10,441,300 | 11 |
MGM Resorts International's 10.7% average gross margins are thinner than the 56.29% average of the Lodging industry, implying that the firm might be lacking in competitivity.