Equities analysts expect International Game Technology PLC (NYSE:IGT) to post earnings of $0.21 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for International Game Technology’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.07. International Game Technology posted earnings per share of $0.24 in the same quarter last year, which would indicate a negative year over year growth rate of 12.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, March 5th.
On average, analysts expect that International Game Technology will report full-year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.10. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.15 per share, with EPS estimates ranging from $0.55 to $1.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow International Game Technology.
International Game Technology (NYSE:IGT) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.08). International Game Technology had a return on equity of 7.80% and a net margin of 0.97%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company posted $0.31 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis.
IGT has been the topic of a number of recent analyst reports. Deutsche Bank reissued a “buy” rating and set a $21.00 price target (up from $20.00) on shares of International Game Technology in a report on Tuesday, November 19th. ValuEngine raised shares of International Game Technology from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $24.00.
NYSE IGT traded down $0.02 during mid-day trading on Wednesday, reaching $14.12. 1,443,715 shares of the stock were exchanged, compared to its average volume of 2,650,547. The business’s 50 day moving average is $14.18 and its 200-day moving average is $13.50. International Game Technology has a 1 year low of $11.32 and a 1 year high of $17.85. The company has a market capitalization of $3.03 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.44 and a beta of 1.35. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.92 and a current ratio of 1.03.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date is Wednesday, November 27th. International Game Technology’s dividend payout ratio (DPR) is presently 81.63%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Man Group plc boosted its position in shares of International Game Technology by 456.1% in the 3rd quarter. Man Group plc now owns 365,967 shares of the company’s stock worth $5,200,000 after buying an additional 300,153 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of International Game Technology during the 3rd quarter worth $876,000. Stifel Financial Corp grew its position in International Game Technology by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 115,847 shares of the company’s stock worth $1,636,000 after acquiring an additional 2,340 shares during the last quarter. Boston Partners grew its position in shares of International Game Technology by 4,856.2% in the 3rd quarter. Boston Partners now owns 8,293,003 shares of the company’s stock valued at $117,823,000 after buying an additional 8,125,678 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of International Game Technology by 92.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,958 shares of the company’s stock valued at $156,000 after purchasing an additional 5,261 shares during the period. 37.73% of the stock is currently owned by hedge funds and other institutional investors.
About International Game Technology
International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.
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