International Game Technology Announces Quarterly Dividend of $0.11 (IGT)
International Game Technology (NYSE:IGT) announced a quarterly dividend on Wednesday, August 20th, Analyst RN reports. Investors of record on Thursday, September 18th will be paid a dividend of 0.11 per share on Friday, October 3rd. This represents a $0.44 annualized dividend and a dividend yield of 2.63%.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of International Game Technology in a research note on Friday, August 1st. They now have a $18.00 price target on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of International Game Technology in a research note on Wednesday, July 30th. They now have a $18.00 price target on the stock, up previously from $11.00. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of International Game Technology in a research note on Wednesday, July 30th. They now have a $18.25 price target on the stock, up previously from $15.00. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. International Game Technology presently has an average rating of “Hold” and a consensus target price of $16.13.
International Game Technology (NYSE:IGT) opened at 16.76 on Wednesday. International Game Technology has a 1-year low of $12.14 and a 1-year high of $21.20. The stock has a 50-day moving average of $16.47 and a 200-day moving average of $14.6. The company has a market cap of $4.143 billion and a price-to-earnings ratio of 17.64.
International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.01. The company had revenue of $467.60 million for the quarter, compared to the consensus estimate of $521.90 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was down 19.2% on a year-over-year basis. Analysts expect that International Game Technology will post $1.03 EPS 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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