International Game Technology PLC (NYSE: IGT) – Equity research analysts at Jefferies Financial Group increased their estimates of fourth quarter 2021 EPS for International Game Technology in a report released on Wednesday, November 10. Jefferies Financial Group analyst D. Katz now predicts the company will earn $ 0.22 per share for the quarter, up from its previous estimate of $ 0.14. Jefferies Financial Group also released International Game Technology’s earnings estimates for fiscal 2022 at $ 1.37 per share.
Several other equity research analysts have also published reports on the stock. Berenberg Bank began covering shares of International Game Technology in a research report on Tuesday, October 19. They set a “buy” rating and a target price of $ 35 for the company. Deutsche Bank Aktiengesellschaft raised its price target for International Game Technology shares from $ 32.00 to $ 42.00 and gave the company a “buy” rating in a research report released on Wednesday 10 November. Finally, Credit Suisse Group raised its price target for International Game Technology shares from $ 36.00 to $ 57.00 and gave the company an “outperformance” rating in a research report released on Wednesday. November 10. Seven equity research analysts rated the stock with a buy rating. Based on data from MarketBeat.com, International Game Technology currently has a consensus rating of “Buy” and an average target price of $ 34.00.
Actions of NYSE: IGT open for $ 30.36 on Mondays. International Game Technology has a 12-month low of $ 9.88 and a 12-month high of $ 32.95. The stock has a market cap of $ 6.22 billion, a P / E ratio of 28.64 and a beta of 2.10. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt ratio of 3.24. The company has a 50-day moving average of $ 27.03 and a 200-day moving average of $ 23.51. International Game Technology (NYSE: IGT) last released its quarterly earnings data on Tuesday, November 9. The company reported EPS of $ 0.31 for the quarter, beating the consensus estimate of $ 0.21 by $ 0.10. The company posted revenue of $ 984.00 million in the quarter, compared to analysts’ expectations of $ 981.00 million. International Game Technology delivered a net margin of 5.63% and a negative return on equity of 2.85%. International Game Technology’s revenue for the quarter increased 20.6% year-over-year. In the same quarter of the previous year, the company made a profit of $ 0.26 per share.
The company also recently unveiled a quarterly dividend, which will be paid on Tuesday, December 7. Shareholders of record on Tuesday, November 23 will receive a dividend of $ 0.20. The ex-dividend date of this dividend is Monday, November 22. This represents a dividend of $ 0.80 on an annualized basis and a dividend yield of 2.64%.
Institutional investors and hedge funds have recently changed their positions in the company. Baillie Gifford & Co. acquired a new stake in the shares of International Game Technology in the third quarter for a value of approximately $ 29,000. Ellevest Inc. increased its stake in International Game Technology by 320.1% during the 3rd quarter. Ellevest Inc. now owns 1,189 shares of the company valued at $ 31,000 after purchasing an additional 906 shares in the last quarter. Optimum Investment Advisors purchased a new stake in International Game Technology during the second quarter for a value of $ 34,000. Captrust Financial Advisors acquired a new stake in International Game Technology during the 1st quarter for a value of $ 32,000. Finally, PNC Financial Services Group Inc. increased its stake in International Game Technology by 19.9% during the third quarter. PNC Financial Services Group Inc. now owns 3,612 shares of the company valued at $ 96,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors hold 42.59% of the company’s shares.
About International Game Technology
International Game Technology Plc is engaged in the design, manufacture and marketing of electronic game equipment, software and network systems. It operates through the Global Lottery and Global Gaming segments. The Global Lottery segment is responsible for the global traditional lottery and iLottery business, including sales, operations, product development, technology and support.
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