Brokerages expect that International Game Technology PLC (NYSE:IGT) will post earnings of $0.26 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for International Game Technology’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.50. International Game Technology posted earnings of $0.28 per share during the same quarter last year, which would indicate a negative year over year growth rate of 7.1%. The firm is expected to issue its next earnings report before the market opens on Thursday, August 1st.
On average, analysts expect that International Game Technology will report full year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $1.28. For the next year, analysts anticipate that the firm will post earnings of $1.29 per share, with EPS estimates ranging from $1.05 to $1.86. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover International Game Technology.
International Game Technology (NYSE:IGT) last released its quarterly earnings data on Monday, May 20th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.11). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. International Game Technology had a return on equity of 7.19% and a net margin of 2.56%. International Game Technology’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS.
Separately, ValuEngine lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. International Game Technology has an average rating of “Buy” and a consensus target price of $23.64.
Several large investors have recently made changes to their positions in IGT. Norges Bank acquired a new stake in shares of International Game Technology in the fourth quarter valued at approximately $20,893,000. FMR LLC increased its stake in shares of International Game Technology by 222.8% in the first quarter. FMR LLC now owns 2,057,614 shares of the company’s stock valued at $26,729,000 after purchasing an additional 1,420,212 shares during the period. Neuberger Berman Group LLC increased its stake in shares of International Game Technology by 93.3% in the first quarter. Neuberger Berman Group LLC now owns 2,683,185 shares of the company’s stock valued at $34,852,000 after purchasing an additional 1,295,273 shares during the period. Lazard Asset Management LLC increased its stake in shares of International Game Technology by 33.1% in the first quarter. Lazard Asset Management LLC now owns 3,971,479 shares of the company’s stock valued at $51,588,000 after purchasing an additional 988,705 shares during the period. Finally, Peregrine Capital Management LLC increased its stake in shares of International Game Technology by 57.6% in the first quarter. Peregrine Capital Management LLC now owns 2,328,207 shares of the company’s stock valued at $30,243,000 after purchasing an additional 850,672 shares during the period. Institutional investors own 41.65% of the company’s stock.
IGT traded down $0.25 on Friday, hitting $13.03. 1,550,496 shares of the company’s stock were exchanged, compared to its average volume of 1,697,935. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 1.24 and a beta of 1.28. International Game Technology has a twelve month low of $12.11 and a twelve month high of $26.31. The company’s fifty day simple moving average is $13.16. The company has a current ratio of 0.69, a quick ratio of 0.60 and a debt-to-equity ratio of 2.66.
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 four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.
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