International Game Technology (IGT) is expected to report quarterly results on Tuesday

International Game Technology (NYSE:IGT) will release its quarterly earnings data before market open on Tuesday, March 1. Analysts expect the company to report earnings of $0.39 per share for the quarter. Parties wishing to listen to the company’s conference call can do so using this link.

IGT opened at $29.30 on Tuesday. The company has a fifty-day moving average price of $27.83 and a two-hundred-day moving average price of $26.22. The company has a debt ratio of 3.24, a quick ratio of 1.21 and a current ratio of 1.31. International Game Technology has a 52 week low of $15.11 and a 52 week high of $32.95. The company has a market capitalization of $6.00 billion, a PE ratio of 27.64 and a beta of 2.11.

A number of analysts have commented on IGT’s actions. Deutsche Bank Aktiengesellschaft raised its price target on shares of International Game Technology from $32.00 to $42.00 and gave the stock a “buy” rating in a Wednesday, November 10, report. Stifel Nicolaus launched coverage on shares of International Game Technology in a report on Thursday, December 16. They issued a “buy” rating and a price target of $43.00 for the company. Credit Suisse Group raised its price target on shares of International Game Technology from $36.00 to $57.00 and gave the company an “outperform” rating in a Wednesday, Nov. 10, report. Finally, Jefferies Financial Group downgraded shares of International Game Technology from a “buy” rating to a “hold” rating and lowered its price target for the company from $38.00 to $33.00 in a report. Wednesday, November 17. One investment analyst gave the stock a hold rating and five gave the company’s stock a buy rating. Based on data from MarketBeat.com, International Game Technology currently has an average rating of “Buy” and a consensus target price of $39.17.

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A number of institutional investors and hedge funds have been buying and selling stocks recently. California State Teachers Retirement System increased its position in International Game Technology by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 54,397 shares of the company valued at $1,573,000 after acquiring 350 additional shares in the last quarter. Zacks Investment Management increased its position in International Game Technology by 14.2% in the fourth quarter. Zacks Investment Management now owns 11,379 shares of the company valued at $329,000 after acquiring 1,416 additional shares last quarter. LPL Financial LLC strengthened its position in International Game Technology by 5.4% in the third quarter. LPL Financial LLC now owns 31,582 shares of the company valued at $831,000 after acquiring an additional 1,625 shares in the last quarter. Toroso Investments LLC purchased a new stake in International Game Technology in Q4 valued at $207,000. Finally, V Wealth Advisors LLC purchased a new stake in International Game Technology in Q4 valued at $234,000. 44.33% of the shares are currently held by institutional investors and hedge funds.

International Gaming Technology Company Profile

International Game Technology Plc is engaged in the design, manufacture and marketing of electronic game equipment, software and network systems. It operates through Global Lottery and Global Gaming segments. The Global Lottery segment is responsible for the global traditional lottery and iLottery business, including sales, operations, product development, technology and support.

Further reading

Earnings history for International Game Technology (NYSE:IGT)

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