International Game Technology PLC (NYSE:IGT) is expected to report earnings of $0.34 per share


Wall Street brokers predict that International Game Technology PLC (New York Stock Exchange: IGTGet a rating) will show earnings per share (EPS) of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made earnings estimates for International Game Technology. The lowest EPS estimate is $0.26 and the highest is $0.49. International Game Technology reported earnings per share of $0.38 in the same quarter last year, indicating a negative 10.5% year-over-year growth rate. The company is expected to announce its next quarterly earnings report before the market opens on Monday, January 1.

On average, analysts expect International Game Technology to report annual earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.13 to $1.90. For the next fiscal year, analysts expect the company to post earnings of $1.81 per share, with EPS estimates ranging from $1.30 to $2.27. Zacks Investment Research’s EPS calculations are an average average based on a survey of research analysts who cover International Game Technology.

International game technology (New York Stock Exchange: IGTGet a rating) last released its quarterly results on Tuesday, March 1. The company reported earnings per share of $0.09 for the quarter, missing the Zacks consensus estimate of $0.39 per ($0.30). The company posted revenue of $1.05 billion in the quarter, versus a consensus estimate of $1.02 billion. International Game Technology achieved a return on equity of 3.59% and a net margin of 11.78%.

Several analysts have recently released reports on IGT shares. StockNews.com upgraded International Game Technology from a “hold” rating to a “buy” rating in a Friday, April 8 research report. Credit Suisse Group raised its price target on International Game Technology from $59.00 to $63.00 and gave the stock an “outperform” rating in a Wednesday, March 2 research note. One equity research analyst gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $43.20.

New York Stock Exchange: IGT opened at $21.83 on Monday. The company’s 50-day simple moving average is $24.58 and its two-hundred-day simple moving average is $26.93. International Game Technology has a 52 week low of $16.26 and a 52 week high of $32.95. The stock has a market capitalization of $4.45 billion, a PE ratio of 9.37 and a beta of 1.98. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt ratio of 3.29.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 29. Shareholders of record on Tuesday, March 15 received a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a dividend yield of 3.66%. The ex-dividend date was Monday, March 14. International Game Technology’s dividend payout ratio (DPR) is currently 34.33%.

Several hedge funds have recently changed their holdings in the company. Kestra Advisory Services LLC increased its stake in International Game Technology by 1.8% during the fourth quarter. Kestra Advisory Services LLC now owns 26,178 shares of the company valued at $757,000 after purchasing an additional 459 shares in the last quarter. Cordatus Wealth Management LLC purchased a new stake in shares of International Game Technology during Q3 for a value of approximately $975,000. Dark Forest Capital Management LP bought a new position in shares of International Game Technology during Q3, valued at approximately $54,000. Macquarie Group Ltd. increased its holdings of International Game Technology shares by 37.7% in the third quarter. Macquarie Group Ltd. now owns 385,362 shares of the company valued at $10,143,000 after purchasing an additional 105,440 shares last quarter. Finally, Henry James International Management Inc. increased its holdings of International Game Technology shares by 3.2% in the fourth quarter. Henry James International Management Inc. now owns 67,972 shares of the company valued at $1,965,000 after buying 2,087 additional shares last quarter. 44.33% of the shares are currently held by hedge funds and other institutional investors.

International Gaming Technology Company Profile (Get a rating)

International Game Technology PLC operates and provides game technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America and the Caribbean. It operates in three segments: Global Lottery, Global Gaming and Digital & Betting. The company designs, sells, operates and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and the lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping and delivery services.

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