MGM Resorts International Reports First Quarter Financial Results
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MGM Resorts (MGM) Misses Guidance for First Time in 9 Quarters, Sterne Agee CRT Remain Bullish
May 5, 2015 9:44 AM EDTSterne Agee CRT maintained a Buy rating on MGM Resorts International (NYSE: MGM) and lowered their price target to $27 (from $28) after MGM missed Las Vegas Rev/PAR guidance for the first time in 9 quarters. this lead to a 6% YoY decrease in Strip EBITDA. However, MGM plans on executing several cost saving... More
MGM Resorts (MGM) PT Trimmed to $25 at Credit Suisse
May 5, 2015 7:20 AM EDTCredit Suisse analyst J. Simkins revised estimates and trimmed its price target on MGM Resorts (NYSE: MGM) to $25.00 (from $26.00) following Q1 results but maintained an Outperform rating.
For an analyst ratings summary and ratings history on MGM Resorts... More
MGM Resorts (MGM) Tops Q1 EPS by 19c
May 4, 2015 8:17 AM EDTMGM Resorts (NYSE: MGM) reported Q1 EPS of $0.33, $0.19 better than the analyst estimate of $0.14. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.4 billion.
Rooms revenue at wholly owned domestic resorts increased 2% with a 1% increase... More