International Game Technology (IGT) to announce quarterly results on Tuesday

International Game Technology (NYSE: IGT) is expected to release its quarterly results before the market opens on Tuesday, November 9. Analysts expect the company to report earnings of $ 0.18 per share for the quarter. Parties wishing to listen to the corporate conference call can do so by using this link.

International Game Technology (NYSE: IGT) last announced its results on Tuesday, August 3. The company reported ($ 0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $ 0.23 of ($ 0.71). International Game Technology posted a net margin of 0.71% and a negative return on equity of 3.61%. The company posted revenue of $ 1.04 billion for the quarter, compared to a consensus estimate of $ 926.69 million. In the same quarter of the previous year, the company achieved earnings per share ($ 1.37). The company’s revenue for the quarter increased 73.5% compared to the same quarter last year. On average, analysts expect International Game Technology to post $ 0 EPS for the current fiscal year and $ 1 EPS for the next fiscal year.

Actions of International stock of gaming technology open for $ 31.89 Tuesday. International Game Technology has a one-year low at $ 8.10 and a one-year high at $ 31.94. The company has a market cap of $ 6.53 billion, a price-to-earnings ratio of 245.31 and a beta of 2.04. The company has a current ratio of 1.28, a quick ratio of 1.20, and a debt ratio of 3.61. The company’s 50-day moving average is $ 23.61.

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IGT has been the subject of several research analyst reports. Credit Suisse Group raised its price target for International Game Technology shares from $ 35 to $ 36.00 and gave the company an “outperformance” rating in a research report on Thursday, September 23. The Berenberg Bank launched coverage on the shares of International Game Technology in a research report on Tuesday, October 19. They set a “buy” rating and a target price of $ 35 for the company. Eight analysts rated the stock with a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $ 27.29.

A hedge fund recently increased its stake in International Game Technology stock. Morgan Stanley increased its stake in International Game Technology PLC (NYSE: IGT) by 147.7% in the second quarter, according to the company in its latest SEC filing. The fund held 1,248,905 shares of the company after acquiring an additional 744,706 shares during the quarter. Morgan Stanley owned 0.61% of International Game Technology valued at $ 29,924,000 at the end of the most recent quarter. Institutional investors and hedge funds hold 42.78% of the company’s shares.

About International Game Technology

International Game Technology Plc is engaged in the design, manufacture and marketing of electronic game equipment, software and network systems. It operates through the Global Lottery and Global Gaming segments. The Global Lottery segment is responsible for the global traditional lottery and iLottery business, including sales, operations, product development, technology and support.

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Revenue History for International Game Technology (NYSE: IGT)

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