International Game Technology (IGT) Receiving Somewhat Favorable News Coverage, Report Shows
Media coverage about International Game Technology (NYSE:IGT) has trended somewhat positive this week, according to Alpha One Sentiment. Alpha One, a unit of Accern, rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. International Game Technology earned a media sentiment score of 0.20 on Alpha One’s scale. Alpha One also assigned news articles about the company an impact score of 80 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Alpha One Sentiment’s rankings:
- New Analyst Ratings On International Game Technology (NYSE:IGT) (badhub.net)
- IGT, Konami Gaming in games cross-licence deal (ggrasia.com)
- IGT agrees patent cross-licensing deal with Konami Gaming (gamingintelligence.com)
- International Game Technology Has Returned 23.1% Since SmarTrend Recommendation (IGT) (mysmartrend.com)
- IGT slot awards $1.3 million jackpot at Red Hawk Casino (casinocitytimes.com)
Shares of International Game Technology (NYSE:IGT) traded down 1.84% on Wednesday, reaching $18.10. The company had a trading volume of 1,645,614 shares. International Game Technology has a 12 month low of $17.25 and a 12 month high of $32.07. The company’s 50-day moving average is $20.26 and its 200 day moving average is $24.09. The firm has a market capitalization of $3.66 billion, a PE ratio of 14.68 and a beta of 1.42.
International Game Technology (NYSE:IGT) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.19. International Game Technology had a net margin of 4.96% and a return on equity of 11.97%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The firm’s revenue was down 10.1% on a year-over-year basis. Equities analysts forecast that International Game Technology will post $1.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $0.80 dividend on an annualized basis and a yield of 4.42%. International Game Technology’s payout ratio is 65.04%.
IGT has been the topic of several research reports. Telsey Advisory Group dropped their price target on International Game Technology from $33.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, March 10th. Argus downgraded International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, March 24th. Wells Fargo & Company restated a “market perform” rating and set a $25.50 price objective on shares of International Game Technology in a research note on Wednesday, April 19th. Bank of America Corporation restated a “neutral” rating and set a $27.00 price objective (up from $22.00) on shares of International Game Technology in a research note on Sunday, May 28th. Finally, ValuEngine downgraded International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. International Game Technology presently has a consensus rating of “Hold” and an average target price of $27.10.
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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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