International Game Technology (IGT) Scheduled to Post Quarterly Earnings on Thursday
International Game Technology (NYSE:IGT) is scheduled to issue its quarterly earnings data on Thursday, January 23rd. International Game Technology has set its FY14 guidance at $1.28-1.38 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
International Game Technology (NYSE:IGT) last announced its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.04. The company had revenue of $632.00 million for the quarter, compared to the consensus estimate of $603.05 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts expect International Game Technology to post $1.29 EPS for the current fiscal year and $1.41 EPS for the next fiscal year.
Shares of International Game Technology (NYSE:IGT) opened at 18.14 on Wednesday. International Game Technology has a 52-week low of $14.75 and a 52-week high of $21.20. The stock has a 50-day moving average of $17.58 and a 200-day moving average of $18.50. The company has a market cap of $4.515 billion and a P/E ratio of 17.25. International Game Technology also saw some unusual options trading on Tuesday. Stock traders acquired 12,673 call options on the company. This is an increase of approximately 357% compared to the average volume of 2,774 call options.
IGT has been the subject of a number of recent research reports. Analysts at Argus downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, January 7th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of International Game Technology in a research note to investors on Tuesday, December 3rd. They now have a $18.00 price target on the stock. Finally, analysts at Sterne Agee cut their price target on shares of International Game Technology from $25.00 to $21.50 in a research note to investors on Friday, November 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.95.
International Game Technology (NYSE:IGT)is a global gaming company specializing in the design, development, manufacture, and marketing of electronic gaming equipment and systems products, including online and mobile solutions.
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