MGM Resorts International (NYSE: MGM) has reported E.P.S. of $0.60 for its second fiscal quarter (ending June 30) versus $0.56 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.67 compared to $1.06 a year ago.
Recent Price Action
MGM Resorts International (NYSE: MGM) stock closed at $42.97 on 7/31/24 after a modest gain of 0.4%. Moreover, this advance was accompanied by above average trading volume at 140% of normal. The stock has performed in line with the market over the last nine months and has declined -1.9% during the last week.
Current PriceTarget Research Rating
MGM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MGM Resorts has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. MGM Resorts has a neutral Power Rating of 49 and a neutral Appreciation Score of 42, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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