Wall Street brokers expect International Game Technology PLC (NYSE: IGT) to report sales of $ 1.03 billion for the current quarter, Zacks reports. Four analysts have released earnings estimates for International Game Technology, with the lowest sales estimate at $ 1.00 billion and the highest estimate at $ 1.05 billion. International Game Technology recorded sales of $ 885.13 million in the same quarter last year, suggesting a positive year-over-year growth rate of 16.4%. The company is expected to release its next earnings report on Tuesday, March 1.
On average, analysts expect International Game Technology to report annual revenue of $ 4.07 billion for the current fiscal year, with estimates ranging from $ 4.04 billion to $ 4.04 billion. 09 billion dollars. For next year, analysts predict the company will post sales of $ 4.16 billion, with estimates ranging from $ 4.10 billion to $ 4.25 billion. Zacks’ sales calculations are an average based on a survey of seller-side analysts who follow International Game Technology.
International Game Technology (NYSE: IGT) last released its quarterly results on Tuesday, November 9. The company reported EPS of $ 0.31 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.21 of $ 0.10. The company posted revenue of $ 984.00 million in the quarter, compared to a consensus estimate of $ 981.00 million. International Game Technology delivered a net margin of 5.63% and a negative return on equity of 2.85%. The company’s quarterly revenue increased 20.6% compared to the same quarter last year. In the same quarter of the previous year, the company posted earnings per share of $ 0.26.
A number of brokerage firms have recently commented on IGT. Credit Suisse Group raised its price target for International Game Technology shares from $ 36.00 to $ 57.00 and gave the company an “outperformance” rating in a report released on Wednesday, November 10. Berenberg Bank began covering shares of International Game Technology in a research note on Tuesday, October 19. They set a “buy” rating and a target price of $ 35 for the stock. Deutsche Bank Aktiengesellschaft raised its price target for International Game Technology shares from $ 32.00 to $ 42.00 and gave the stock a “buy” rating in a Wednesday 10 research note. November. Stifel Nicolaus assumed coverage of International Game Technology’s shares in a research note on Thursday, December 16. They set a “buy” rating and a price target of $ 43.00 for the stock. Finally, Jefferies Financial Group downgraded International Game Technology’s shares from a âbuyâ rating to a âholdâ rating and lowered its target price for the share from $ 38.00 to $ 33.00 in a report. research published Wednesday, November 17. One research analyst rated the stock with a conservation rating and seven gave the stock a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $ 36.57.
International stock of gaming technology opened for $ 28.91 on Friday. International Game Technology has a 12-month low of $ 15.11 and a 12-month high of $ 32.95. The stock has a market cap of $ 5.92 billion, a P / E ratio of 27.27 and a beta of 2.14. The company has a current ratio of 1.31, a rapid ratio of 1.21 and a debt ratio of 3.24. The company has a fifty-day simple moving average of $ 28.17 and a 200-day simple moving average of $ 24.67.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 7. Shareholders of record on Tuesday, November 23 received a dividend of $ 0.20. The ex-dividend date was Monday, November 22. This represents an annualized dividend of $ 0.80 and a dividend yield of 2.77%. International Game Technology’s dividend payout ratio is currently 75.47%.
Several hedge funds have recently increased or reduced their holdings in IGT. Baillie Gifford & Co. purchased a new position in shares of International Game Technology during the third quarter for a value of approximately $ 29,000. Ellevest Inc. increased its stake in the shares of International Game Technology by 320.1% during the third quarter. Ellevest Inc. now owns 1,189 shares of the company valued at $ 31,000 after purchasing an additional 906 shares during the period. Dark Forest Capital Management LP purchased a new position in International Game Technology shares during the third quarter for a value of approximately $ 54,000. FORA Capital LLC purchased a new position in International Game Technology shares during the second quarter valued at approximately $ 92,000. Finally, PNC Financial Services Group Inc. increased its stake in International Game Technology shares by 19.9% ââduring the third quarter. PNC Financial Services Group Inc. now owns 3,612 shares of the company valued at $ 96,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds hold 42.59% 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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