International Game Technology (IGT) Releases Earnings Results, Misses Expectations By $0.11 EPS

International Game Technology (NYSE:IGT) released its earnings results on Monday. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11), Bloomberg Earnings reports. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. International Game Technology had a negative net margin of 0.44% and a positive return on equity of 7.64%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share.

Shares of IGT opened at $14.08 on Monday. International Game Technology has a 12-month low of $12.65 and a 12-month high of $30.65. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 1.16 and a beta of 1.36.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.68%. International Game Technology’s dividend payout ratio (DPR) is currently 81.63%.

A number of research firms have recently commented on IGT. Credit Suisse Group reissued a “neutral” rating on shares of International Game Technology in a report on Wednesday, March 20th. ValuEngine cut International Game Technology from a “sell” rating to a “strong sell” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $23.64.

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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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Earnings History for International Game Technology (NYSE:IGT)

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