Brokerages expect International Game Technology (NYSE:IGT) to report $0.26 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for International Game Technology’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.34. International Game Technology reported earnings of $0.45 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 42.2%. The firm is scheduled to report its next quarterly earnings report on Monday, November 20th.

According to Zacks, analysts expect that International Game Technology will report full-year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.30. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.45 per share, with EPS estimates ranging from $1.10 to $1.81. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover International Game Technology.

International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.17). The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. International Game Technology had a negative net margin of 2.28% and a positive return on equity of 10.35%. International Game Technology’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS.

Several research analysts recently commented on IGT shares. ValuEngine upgraded International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Bank of America Corp upgraded International Game Technology from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $30.00 in a research note on Wednesday, September 20th. Deutsche Bank AG started coverage on International Game Technology in a research note on Tuesday, September 26th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, BidaskClub upgraded International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. International Game Technology currently has an average rating of “Hold” and an average price target of $28.13.

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Shares of International Game Technology (IGT) opened at 24.00 on Tuesday. International Game Technology has a 52-week low of $17.25 and a 52-week high of $32.07. The firm’s market cap is $4.87 billion. The firm has a 50-day moving average price of $22.62 and a 200-day moving average price of $20.75.

A number of hedge funds and other institutional investors have recently made changes to their positions in IGT. Renaissance Technologies LLC raised its stake in International Game Technology by 104.8% during the second quarter. Renaissance Technologies LLC now owns 2,791,500 shares of the company’s stock valued at $51,084,000 after buying an additional 1,428,700 shares in the last quarter. Peregrine Capital Management LLC bought a new position in shares of International Game Technology during the second quarter valued at approximately $20,764,000. FMR LLC grew its holdings in shares of International Game Technology by 37.8% during the first quarter. FMR LLC now owns 2,402,519 shares of the company’s stock valued at $56,940,000 after purchasing an additional 659,564 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of International Game Technology by 9.9% during the second quarter. Goldman Sachs Group Inc. now owns 4,280,449 shares of the company’s stock valued at $78,332,000 after purchasing an additional 386,229 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of International Game Technology by 14.1% during the second quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock valued at $47,420,000 after purchasing an additional 320,244 shares during the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

International Game Technology Company Profile

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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Earnings History and Estimates for International Game Technology (NYSE:IGT)

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