MGM Resorts International is set to release its latest quarterly earnings on Tuesday, April 28th, with a consensus estimate EPS of $0.54.
Currently priced at $40.67, MGM has seen a modest increase of 12 cents (0.296%) from the previous close. The trading volume is at $1.21 million, 24.9% above the average.
In the previous earnings report on Tuesday, February 10th, MGM reported an EPS of $0.64. The consensus estimate revenue stood at $4.44 billion.
MGM's cash flow indicates a free cash flow of $535.89 million. Noteworthy figures include operating cash flow at $832.35 million and a net change in cash of -$70.56 million.
With revenue at $4.61 billion, MGM's gross profit stands at $2 billion. The net income reported is $294 million, resulting in an EPS of $1.11.
Key ratios show MGM's return on equity at 12.1% and a price-to-earnings ratio of 8.22. The quick ratio is at 1.2, reflecting the company's liquidity position.
MGM's total assets amount to $41.37 billion, with total liabilities at $38 billion. The company maintains a healthy cash position with $2 billion in cash and cash equivalents.
This comprehensive overview showcases MGM's stable financial performance and strategic positioning in the market.
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.