NYSE:MGMHospitality
MGM Resorts (MGM) Net Margin Falls to 0.4% After $307M Loss, Challenging Bullish Growth Outlook
MGM Resorts International (MGM) reported net profit margins of just 0.4% for the latest period, falling from last year's 5.2%. The company was hit by a one-off $307.1 million loss. Analysts expect annual earnings to surge 38.7% over the next three years, outpacing the broader US market's projected 15.7% yearly growth. Shares are trading at $30.72, notably below both the estimated fair value of $72.06 and Wall Street price targets. With profitability pressured and significant discounts on the...