Wall Street analysts forecast that International Game Technology (NYSE:IGT) will announce $0.31 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for International Game Technology’s earnings, with estimates ranging from $0.22 to $0.36. International Game Technology reported earnings per share of $0.29 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The business is scheduled to issue its next earnings report on Thursday, May 24th.
According to Zacks, analysts expect that International Game Technology will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.55. For the next fiscal year, analysts anticipate that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.41 to $1.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for International Game Technology.
International Game Technology (NYSE:IGT) last announced its quarterly earnings results on Thursday, March 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.37). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.25 billion. International Game Technology had a positive return on equity of 9.98% and a negative net margin of 21.64%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of IGT. Northern Trust Corp grew its holdings in International Game Technology by 0.3% in the second quarter. Northern Trust Corp now owns 287,236 shares of the company’s stock valued at $5,257,000 after purchasing an additional 887 shares during the period. State Street Corp lifted its position in International Game Technology by 4.2% during the second quarter. State Street Corp now owns 1,169,686 shares of the company’s stock worth $21,405,000 after buying an additional 47,479 shares in the last quarter. Nationwide Fund Advisors increased its stake in International Game Technology by 9.6% during the third quarter. Nationwide Fund Advisors now owns 39,477 shares of the company’s stock worth $969,000 after acquiring an additional 3,455 shares during the last quarter. First Trust Advisors LP acquired a new stake in International Game Technology during the third quarter worth $5,735,000. Finally, Aperio Group LLC increased its stake in International Game Technology by 7.0% during the third quarter. Aperio Group LLC now owns 115,441 shares of the company’s stock worth $2,834,000 after acquiring an additional 7,502 shares during the last quarter. 40.18% of the stock is currently owned by institutional investors.
Shares of International Game Technology (NYSE IGT) traded down $0.65 during trading on Wednesday, hitting $29.21. 2,017,390 shares of the stock traded hands, compared to its average volume of 1,317,379. International Game Technology has a 1 year low of $17.25 and a 1 year high of $30.00. The company has a market capitalization of $6,044.57, a PE ratio of -5.55 and a beta of 1.62. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.83 and a quick ratio of 0.70.
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International Game Technology Company Profile
International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.
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