International Game Technology (NYSE:IGT) Scheduled to Post Earnings on Tuesday
International Game Technology (NYSE:IGT) is scheduled to release its earnings data before the market opens on Tuesday, August 1st. Analysts expect International Game Technology to post earnings of $0.32 per share for the quarter.
International Game Technology (NYSE:IGT) last announced its earnings results on Thursday, May 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.19. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. International Game Technology had a return on equity of 11.97% and a net margin of 4.96%. The business’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, analysts expect International Game Technology to post $1.58 EPS for the current fiscal year and $1.73 EPS for the next fiscal year.
Shares of International Game Technology (NYSE IGT) traded down 1.775% during trading on Thursday, reaching $19.645. 484,149 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.98 billion, a PE ratio of 15.933 and a beta of 1.42. The company’s 50-day moving average price is $18.48 and its 200 day moving average price is $22.59. International Game Technology has a 52 week low of $17.25 and a 52 week high of $32.07.
A number of equities research analysts have weighed in on the stock. ValuEngine downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Telsey Advisory Group cut their price target on shares of International Game Technology from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, May 26th. Wells Fargo & Company reissued a “market perform” rating and issued a $25.50 price target on shares of International Game Technology in a report on Wednesday, April 19th. BidaskClub raised shares of International Game Technology from a “sell” rating to a “hold” rating in a report on Monday. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $27.00 price target (up from $22.00) on shares of International Game Technology in a report on Sunday, May 28th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. International Game Technology currently has an average rating of “Hold” and a consensus price target of $27.38.
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About International Game Technology
International Game Technology (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. The Company is a supplier of gaming entertainment products worldwide.
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