International Game Technology PLC (NYSE:IGT – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $28.67.
IGT has been the subject of a number of recent research reports. B. Riley restated a “buy” rating and set a $30.00 price target on shares of International Game Technology in a research note on Friday, July 26th. StockNews.com cut shares of International Game Technology from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Finally, Stifel Nicolaus lifted their price target on shares of International Game Technology from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st.
Read Our Latest Research Report on IGT
Institutional Investors Weigh In On International Game Technology
International Game Technology Stock Performance
Shares of IGT stock opened at $21.73 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 2.57. The company has a 50 day moving average price of $21.78 and a 200-day moving average price of $21.02. International Game Technology has a 52 week low of $18.90 and a 52 week high of $31.85. The firm has a market capitalization of $4.33 billion, a PE ratio of 20.70 and a beta of 1.96.
International Game Technology (NYSE:IGT – Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. International Game Technology had a net margin of 4.89% and a return on equity of 19.95%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts expect that International Game Technology will post 1.48 earnings per share for the current year.
International Game Technology Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Tuesday, August 13th. International Game Technology’s dividend payout ratio (DPR) is 76.19%.
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.
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