International Game Technology (IGT) Set to Announce Quarterly Earnings on Tuesday
International Game Technology (NYSE:IGT) is scheduled to be posting its Q214 quarterly earnings results on Tuesday, April 22nd. Analysts expect International Game Technology to post earnings of $0.19 per share and revenue of $498.14 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
International Game Technology (NYSE:IGT) last announced its earnings results on Thursday, January 23rd. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.05. The company had revenue of $541.20 million for the quarter, compared to the consensus estimate of $554.29 million. During the same quarter last year, the company posted $0.28 earnings per share. International Game Technology’s revenue was up 2.0% compared to the same quarter last year. On average, analysts expect International Game Technology to post $1.03 EPS for the current fiscal year and $1.18 EPS for the next fiscal year.
International Game Technology (NYSE:IGT) opened at 13.89 on Monday. International Game Technology has a 52 week low of $13.31 and a 52 week high of $21.20. The stock’s 50-day moving average is $14.51 and its 200-day moving average is $16.51. The company has a market cap of $3.427 billion and a price-to-earnings ratio of 12.70.
Several analysts have recently commented on the stock. Analysts at Sterne Agee cut their price target on shares of International Game Technology from $16.50 to $15.00 in a research note on Wednesday, April 2nd. On a related note, analysts at Citigroup Inc. cut their price target on shares of International Game Technology from $21.00 to $17.50 in a research note on Thursday, March 27th. Finally, analysts at Credit Suisse cut their price target on shares of International Game Technology from $14.00 to $12.00 in a research note on Thursday, March 27th. They now have an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.71.
International Game Technology (NYSE:IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming.
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