Equities analysts expect that International Game Technology PLC (NYSE:IGT) will report $0.35 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have issued estimates for International Game Technology’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.39. International Game Technology posted earnings of $0.68 per share during the same quarter last year, which would indicate a negative year over year growth rate of 48.5%. The firm is expected to issue its next earnings report on Thursday, March 14th.

According to Zacks, analysts expect that International Game Technology will report full-year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.03 to $1.14. For the next year, analysts anticipate that the business will post earnings of $1.63 per share, with EPS estimates ranging from $1.38 to $2.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover International Game Technology.

International Game Technology (NYSE:IGT) last issued its earnings results on Wednesday, October 31st. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. International Game Technology had a return on equity of 11.52% and a net margin of 3.27%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year.

A number of research analysts recently weighed in on IGT shares. Credit Suisse Group started coverage on International Game Technology in a report on Tuesday, August 14th. They issued a “neutral” rating and a $24.00 target price on the stock. ValuEngine cut International Game Technology from a “hold” rating to a “sell” rating in a report on Friday, September 7th. SunTrust Banks started coverage on International Game Technology in a report on Monday, October 1st. They issued a “hold” rating and a $21.00 target price on the stock. Societe Generale started coverage on International Game Technology in a report on Wednesday, October 17th. They issued a “buy” rating and a $20.50 target price on the stock. Finally, Jefferies Financial Group reduced their target price on International Game Technology from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $24.81.

A number of large investors have recently added to or reduced their stakes in IGT. Reilly Financial Advisors LLC increased its position in shares of International Game Technology by 2,035.6% during the third quarter. Reilly Financial Advisors LLC now owns 6,471 shares of the company’s stock worth $128,000 after acquiring an additional 6,168 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of International Game Technology by 2,792.2% during the third quarter. Glenmede Trust Co. NA now owns 11,482 shares of the company’s stock worth $226,000 after acquiring an additional 11,085 shares during the last quarter. Hilltop Holdings Inc. purchased a new stake in shares of International Game Technology during the second quarter worth about $234,000. Synovus Financial Corp increased its position in shares of International Game Technology by 21,298.2% during the third quarter. Synovus Financial Corp now owns 11,769 shares of the company’s stock worth $234,000 after acquiring an additional 11,714 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of International Game Technology during the second quarter worth about $239,000. 51.70% of the stock is currently owned by institutional investors.

International Game Technology stock traded down $0.05 during midday trading on Monday, reaching $16.88. The stock had a trading volume of 1,874,451 shares, compared to its average volume of 3,160,985. International Game Technology has a twelve month low of $14.14 and a twelve month high of $31.00. The stock has a market capitalization of $3.45 billion, a P/E ratio of 11.11, a PEG ratio of 1.54 and a beta of 1.27. The company has a current ratio of 1.03, a quick ratio of 0.88 and a debt-to-equity ratio of 2.95.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.74%. The ex-dividend date was Tuesday, November 13th. International Game Technology’s dividend payout ratio (DPR) is presently 52.63%.

International Game Technology Company Profile

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.

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

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