International Game Technology (NYSE:IGT – Get Rating) released its quarterly earnings data on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06, MarketWatch Earnings reports. International Game Technology had a return on equity of 3.59% and a net margin of 11.78%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $0.38 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. International Game Technology updated its FY 2022 guidance to EPS and its Q2 2022 guidance to EPS.
International Game Technology stock opened at $20.07 on Wednesday. The firm has a market cap of $4.09 billion, a P/E ratio of 8.61 and a beta of 1.93. The stock’s 50 day moving average is $23.52 and its 200 day moving average is $26.53. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.30 and a quick ratio of 1.20. International Game Technology has a one year low of $17.27 and a one year high of $32.95.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 29th. Shareholders of record on Tuesday, March 15th were given a $0.20 dividend. The ex-dividend date was Monday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.99%. International Game Technology’s dividend payout ratio (DPR) is presently 34.33%.
Several analysts recently weighed in on the company. StockNews.com raised International Game Technology from a “hold” rating to a “buy” rating in a report on Tuesday. Credit Suisse Group increased their target price on International Game Technology from $59.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, March 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, International Game Technology currently has a consensus rating of “Buy” and a consensus target price of $43.20.
International Game Technology Company Profile (Get Rating)
International Game Technology PLC operates and provides gaming 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 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.
- Get a free copy of the StockNews.com research report on International Game Technology (IGT)
- If PetMeds Is A Good Buy There Will Be A Better Signal
- Insiders Buy Occidental Petroleum Ahead Of Q1 Earnings
- High-Yield Deep-Value LCI Industries Exceeds All Expectations
- Shopify (NYSE: SHOP) Approaches Key Support Level
- Intuitive Surgical is an Intuitive Buy
Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.