International Game Technology (NYSE:IGT) Announces Earnings Results

International Game Technology (NYSE:IGT) posted its quarterly earnings results on Tuesday. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.10), RTT News reports. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The company had revenue of $651.00 million during the quarter, compared to the consensus estimate of $657.84 million. During the same period last year, the firm posted $0.56 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. International Game Technology updated its FY 2025 guidance to EPS.

International Game Technology Price Performance

Shares of NYSE IGT opened at $18.22 on Wednesday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 29.88 and a beta of 1.91. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36. International Game Technology has a fifty-two week low of $16.42 and a fifty-two week high of $27.27. The firm’s 50-day simple moving average is $17.30 and its 200 day simple moving average is $19.52.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Truist Financial reduced their target price on International Game Technology from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. StockNews.com raised International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

About International Game Technology

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.