International Game Technology (IGT) to Release Earnings on Tuesday

International Game Technology (NYSE:IGT - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Tuesday, May 13th. Analysts expect International Game Technology to post earnings of $0.15 per share and revenue of $630.30 million for the quarter. International Game Technology has set its FY 2025 guidance at EPS.

International Game Technology (NYSE:IGT - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.10). The business had revenue of $651.00 million during the quarter, compared to analysts' expectations of $657.84 million. International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. On average, analysts expect International Game Technology to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

International Game Technology Stock Down 0.2 %

NYSE IGT traded down $0.04 during trading on Friday, reaching $17.23. 943,362 shares of the company's stock traded hands, compared to its average volume of 1,175,787. The company's 50 day simple moving average is $16.43 and its two-hundred day simple moving average is $17.71. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.36 and a quick ratio of 2.31. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 28.72 and a beta of 1.61. International Game Technology has a 12-month low of $13.81 and a 12-month high of $24.13.

International Game Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.64%. The ex-dividend date was Tuesday, March 11th. International Game Technology's payout ratio is currently 46.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of International Game Technology from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Stifel Nicolaus lowered their target price on shares of International Game Technology from $26.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial reduced their price target on shares of International Game Technology from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, International Game Technology currently has a consensus rating of "Moderate Buy" and an average target price of $25.75.

About International Game Technology

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.