Brokerages expect International Game Technology (NYSE:IGT) to announce earnings per share (EPS) of $0.39 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for International Game Technology’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.46. International Game Technology posted earnings of $0.88 per share in the same quarter last year, which suggests a negative year over year growth rate of 55.7%. The business is expected to issue its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that International Game Technology will report full-year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.18 to $1.30. For the next fiscal year, analysts forecast that the firm will post earnings of $1.37 per share, with EPS estimates ranging from $1.02 to $1.55. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover International Game Technology.

International Game Technology (NYSE:IGT) last posted its earnings results on Tuesday, November 14th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.16. International Game Technology had a positive return on equity of 10.68% and a negative net margin of 18.62%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis.

IGT has been the subject of several recent analyst reports. Deutsche Bank boosted their target price on International Game Technology to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. ValuEngine upgraded International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Bank of America boosted their target price on International Game Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, Argus upgraded International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. International Game Technology currently has a consensus rating of “Buy” and a consensus price target of $30.70.

A number of hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. lifted its stake in International Game Technology by 40.4% during the third quarter. Point72 Asset Management L.P. now owns 6,632,396 shares of the company’s stock worth $162,825,000 after purchasing an additional 1,908,038 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 worth $78,332,000 after purchasing an additional 386,229 shares during the last quarter. Renaissance Technologies LLC lifted 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 worth $51,084,000 after purchasing an additional 1,428,700 shares during the last quarter. Vanguard Group Inc. lifted its stake in International Game Technology by 14.1% during the second quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock worth $47,420,000 after purchasing an additional 320,244 shares during the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in International Game Technology during the third quarter worth about $62,053,000. 40.64% of the stock is owned by hedge funds and other institutional investors.

International Game Technology (IGT) traded up $0.73 during trading on Tuesday, reaching $27.40. The company had a trading volume of 1,078,000 shares, compared to its average volume of 1,529,410. International Game Technology has a twelve month low of $17.25 and a twelve month high of $29.36. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.70 and a current ratio of 0.84. The stock has a market capitalization of $5,398.82, a PE ratio of 15.51 and a beta of 1.56.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Monday, November 27th. International Game Technology’s dividend payout ratio (DPR) is currently -17.78%.

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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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