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MGM

MGM Resorts

$29.23

0.37 (1.28%)

16:23
02/13/19
02/13
16:23
02/13/19
16:23

MGM Resorts reports Q4 Las Vegas Strip Resorts net revenue up 6% to $1.4B

Las Vegas Strip Resorts: Net revenues increased 6% to $1.4B compared to the prior year quarter; REVPAR increased 8.2% compared to the prior year quarter; and Adjusted Property EBITDA of $401M, a 15% increase compared to $349M in the prior year quarter and Adjusted Property EBITDA margin of 29.1%, a 222 basis point increase compared to the prior year quarter. Excluding insurance proceeds of $24M in the current year quarter, Adjusted Property EBITDA increased 8% and Adjusted Property EBITDA margin increased 51 basis points compared to the prior year quarter.

  • 13

    Feb

MGM MGM Resorts
$29.23

0.37 (1.28%)

12/05/18
UBSW
12/05/18
NO CHANGE
UBSW
UBS now sees Macau gross gaming revenue declining in 2019
UBS analyst Robin Farley lowered her 2019 Macau gross gaming revenue forecast to down 1% from up 5% previously. Her 2020 GGR estimate is now up 4% from a prior estimate of up 8%. Despite better than expected revenue in November, likely due to hold fluctuations, the lower estimates are driven by weaker VIP and premium demand amid heightened risk to the macroeconomic outlook in China, Farley tells investors in a research note partially titled "More Visitors Spending Less." She raised her price target for Neutral-rated Wynn Resorts (WYNN) to $113 from $108 while lowering her targets for Neutral-rated MGM Resorts (MGM) to $30 from $32 and Neutral-rated Melco Resorts & Entertainment (MLCO) to $19.50 from $21.60. The analyst also keeps a Neutral rating on Las Vegas Sands (LVS).
01/03/19
DBAB
01/03/19
NO CHANGE
Target $33
DBAB
Hold
MGM plan to reduce costs positive for shares, says Deutsche Bank
Deutsche Bank analyst Carlo Santarelli says MGM Resorts this morning announced an "enhanced" margin strategy with a plan to reduce costs and improve efficiencies. He views the "MGM 2020" plan as positive for the shares. The analyst has a Hold rating on MGM with a $33 price target.
01/08/19
JPMS
01/08/19
NO CHANGE
Target $38
JPMS
Overweight
MGM Resorts added to Analyst Focus List at JPMorgan
JPMorgan analyst Joseph Greff added MGM Resorts to his firm's Analyst Focus List saying he sees an increasingly favorable setup for 2019. The analyst raised his price target for the shares to $38 from $35 and keeps an Overweight rating on the name. He sees a combination of relatively low expectations in Las Vegas, improving operations/efficiencies and an attractive valuation.
01/18/19
MSCO
01/18/19
NO CHANGE
MSCO
Overweight
Morgan Stanley prefers Las Vegas to Macau in gaming entering 2019
Morgan Stanley analyst Thomas Allen said he is confident that the Las Vegas outlook is better than perceived after Q4 appears to have shown a meaningful rebound, noting also that his convention tracker supports strong 2019 demand growth and that flight capacity to the market is growing. Meanwhile, as a firm, Morgan Stanley has cut its Macau market gaming revenue outlook and industry view, Allen noted. Combining his Las Vegas outlook and bullish stance on regional U.S. gaming, Allen called MGM Resorts (MGM) and Caesars (CZR) his preferred large cap gaming stocks entering 2019, stating that he believes expectations for both are beatable. He reiterates Overweight ratings on both, as well as on Las Vegas Sands (LVS), and keeps an Equal Weight rating on Wynn Resorts (WYNN).

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FB

Facebook

$162.54

-1.4 (-0.85%)

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BABA

Alibaba

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FB

Facebook

$162.54

-1.4 (-0.85%)

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PZZA

Papa John's

$45.28

1.71 (3.92%)

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GM

General Motors

$39.10

0.21 (0.54%)

, VLKAY

Volkswagen

$0.00

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GM

General Motors

$39.10

0.21 (0.54%)

VLKAY

Volkswagen

$0.00

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NSANY

Nissan

$0.00

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F

Ford

$8.54

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FCAU

Fiat Chrysler

$14.75

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HMC

Honda

$27.35

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TM

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DDAIF

Daimler AG

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DOOR

Masonite

$57.31

-0.07 (-0.12%)

17:41
02/18/19
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17:41
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Earnings
Masonite reports Q4 adjusted EPS 68c, consensus 80c »

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LECO

Lincoln Electric

$88.48

1.27 (1.46%)

17:34
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Lincoln Electric Board declares quarterly dividend of 47c per common share »

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RIG

Transocean

$8.93

0.395 (4.63%)

17:28
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Transocean reports Q4 EPS (34c), consensus (24c) »

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CLR

Continental Resources

$46.94

1.8 (3.99%)

17:14
02/18/19
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Earnings
Continental Resources reports Q4 adjusted 54c, consensus 62c »

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SPN

Superior Energy

$4.43

0.165 (3.87%)

16:53
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Earnings
Superior Energy reports Q4 EPS ($4.85), may not compare consensus (0.28c) »

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  • 19

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MSG

Madison Square Garden

$291.37

0.85 (0.29%)

16:46
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MSG denies Knicks sale talks after Bill Simmons claims otherwise »

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WIN

Windstream

$3.37

0.2 (6.31%)

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Windstream postpones release of Q4, FY18 financial results »

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UFPI

Universal Forest

$32.22

0.36 (1.13%)

16:43
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Universal Forest signs agreement to acquire Wolverine Wood Products »

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  • 21

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SCI

Service Corp.

$45.96

0.56 (1.23%)

16:36
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Breaking Earnings news story on Service Corp. »

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  • 19

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SCI

Service Corp.

$45.96

0.56 (1.23%)

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  • 19

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APY

Apergy

$36.84

0.92 (2.56%)

16:27
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Earnings
Apergy reports Q4 adjusted EPS 36c, consensus 33c »

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NAVI

Navient

$11.75

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SLCA

U.S. Silica

$14.41

-0.005 (-0.03%)

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JBHT

J.B. Hunt

$113.78

1.66 (1.48%)

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CAT

Caterpillar

$136.21

3.575 (2.70%)

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  • 20

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CUB

Cubic

$60.35

2.995 (5.22%)

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HMC

Honda

$27.35

0.04 (0.15%)

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HMC

Honda

$27.35

0.04 (0.15%)

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LUNMF

Lundin Mining

$0.00

(0.00%)

13:04
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Downgrade
Lundin Mining rating change at Goldman Sachs »

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CVR

Chicago Rivet & Machine

$28.36

0.56 (2.01%)

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