International Game Technology (NYSE:IGT) – Investment analysts at Jefferies Group lifted their Q1 2018 earnings estimates for shares of International Game Technology in a research note issued on Friday. Jefferies Group analyst D. Katz now forecasts that the company will earn $0.27 per share for the quarter, up from their previous estimate of $0.25. Jefferies Group currently has a “Buy” rating and a $34.00 target price on the stock. Jefferies Group also issued estimates for International Game Technology’s Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.33 EPS, Q1 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.37 EPS and FY2019 earnings at $1.41 EPS.
IGT has been the subject of a number of other reports. Deutsche Bank lifted their price target on shares of International Game Technology to $34.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Bank of America lifted their price objective on shares of International Game Technology from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. ValuEngine upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Argus upgraded shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $31.25.
International Game Technology (NYSE:IGT) last released its quarterly earnings data on Thursday, March 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.37). International Game Technology had a positive return on equity of 9.98% and a negative net margin of 21.64%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. International Game Technology’s revenue for the quarter was up 1.9% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in the stock. Castleark Management LLC purchased a new stake in International Game Technology in the 4th quarter valued at $4,839,000. Vident Investment Advisory LLC acquired a new position in International Game Technology in the 4th quarter valued at $258,000. Quad Capital Management Advisors LLC acquired a new position in International Game Technology in the 4th quarter valued at $928,000. LPL Financial LLC acquired a new position in International Game Technology in the 4th quarter valued at $1,962,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of International Game Technology by 35.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,774 shares of the company’s stock worth $418,000 after purchasing an additional 4,130 shares during the period. Hedge funds and other institutional investors own 40.18% of the company’s stock.
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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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