Analysts expect International Game Technology PLC (NYSE:IGT) to post earnings of $0.34 per share


Brokers expect International Game Technology PLC (NYSE:IGT – Get Rating) to post earnings per share of $0.34 for the current quarter, Zacks reports. Four analysts have released earnings estimates for International Game Technology, with estimates ranging from $0.26 to $0.49. International Game Technology reported earnings per share of $0.38 in the same quarter last year, indicating a negative 10.5% year-over-year growth rate. The company is due to release its next quarterly results on Monday, January 1.

On average, analysts expect International Game Technology to report annual earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.13 to $1.90. For the next fiscal year, analysts expect the company to post earnings of $1.81 per share, with EPS estimates ranging from $1.30 to $2.27. Zacks EPS averages are an average based on a survey of sell-side research companies that provide coverage for International Game Technology.

International Game Technology (NYSE:IGT – Get Rating) last released its results on Tuesday, March 1. The company reported earnings per share (EPS) of $0.09 for the quarter, missing analyst consensus estimates of $0.39 per ($0.30). The company posted revenue of $1.05 billion for the quarter, versus analyst estimates of $1.02 billion. International Game Technology achieved a net margin of 11.78% and a return on equity of 3.59%.

A number of research analysts have weighed in on IGT shares. Credit Suisse Group raised its price target on shares of International Game Technology from $59.00 to $63.00 and gave the stock an “outperform” rating in a Wednesday, March 2 research report . StockNews.com upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a Friday, April 8 research report. One analyst gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $43.20.

Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Steward Partners Investment Advisory LLC increased its position in International Game Technology shares by 100.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,200 shares of the company worth $35,000 after purchasing an additional 600 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in International Game Technology during Q3, valued at approximately $54,000. National Bank of Canada FI acquired a new stake in International Game Technology during the 4th quarter at a value of approximately $60,000. PNC Financial Services Group Inc. increased its stake in International Game Technology by 19.9% ​​during the third quarter. PNC Financial Services Group Inc. now owns 3,612 shares of the company valued at $96,000 after acquiring an additional 600 shares in the last quarter. Finally, Future Financial Wealth Management LLC acquired a new stake in International Game Technology during Q4, valued at approximately $99,000. Hedge funds and other institutional investors hold 44.33% of the company’s shares.

NYSE IGT rose $0.05 on Monday, hitting $24.60. 1,036,201 shares of the company have been traded, compared to its average volume of 1,490,972. The company has a market capitalization of $5.01 billion, a price-earnings ratio of 10.56 and a beta of 1 .98. The stock has a 50-day moving average price of $25.92 and a 200-day moving average price of $27.29. International Game Technology has a fifty-two week minimum of $15.15 and a fifty-two week maximum of $32.95. The company has a debt ratio of 3.29, a quick ratio of 1.20 and a current ratio of 1.30.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 29. Investors of record on Tuesday, March 15 received a dividend of $0.20 per share. The ex-dividend date was Monday, March 14. This represents an annualized dividend of $0.80 and a dividend yield of 3.25%. International Game Technology’s dividend payout ratio (DPR) is currently 34.33%.

About International Gaming Technology (Get an evaluation)

International Game Technology PLC operates and provides game technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America and the Caribbean. It operates in three segments: Global Lottery, Global Gaming and Digital & Betting. The company designs, sells, operates and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and the 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.

Recommended Stories

Get a Free Copy of Zacks’ Research Report on International Game Technology (IGT)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for International Game Technology (NYSE:IGT)



Get news and reviews for International Game Technology Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for International Game Technology and related companies with MarketBeat.com’s FREE daily newsletter.