International Game Technology (IGT) Announces Quarterly Dividend of $0.11
International Game Technology (NYSE:IGT) declared a quarterly dividend on Friday, June 13th, American Banking News.com reports. Investors of record on Friday, June 27th will be given a dividend of 0.11 per share on Friday, July 11th. This represents a $0.44 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, June 26th.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of International Game Technology in a research note on Monday, June 2nd. They now have a $11.00 price target on the stock, down previously from $12.00. On the ratings front, analysts at Ned Davis Research upgraded shares of International Game Technology from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at Janney Montgomery Scott reiterated a “neutral” rating on shares of International Game Technology in a research note on Wednesday, April 23rd. They now have a $12.00 price target on the stock, down previously from $13.00. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. International Game Technology has an average rating of “Hold” and an average target price of $15.29.
International Game Technology (NYSE:IGT) opened at 14.35 on Friday. International Game Technology has a 52 week low of $12.14 and a 52 week high of $21.20. The stock’s 50-day moving average is $12.71 and its 200-day moving average is $14.94. The company has a market cap of $3.544 billion and a price-to-earnings ratio of 15.75.
International Game Technology (NYSE:IGT) last released its earnings data on Tuesday, April 22nd. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $512.80 million for the quarter, compared to the consensus estimate of $498.14 million. During the same quarter last year, the company posted $0.36 earnings per share. International Game Technology’s revenue was down 14.5% compared to the same quarter last year. On average, analysts predict that International Game Technology will post $1.03 earnings per share for the current fiscal year.
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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