International Game Technology (IGT) to Release Quarterly Earnings on Tuesday

International Game Technology (NYSE:IGT - Get Free Report) is expected to be announcing 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 quarterly earnings data on Tuesday, February 25th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.10). International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The business had revenue of $651.00 million during the quarter, compared to analyst estimates of $657.84 million. During the same quarter in the previous year, the company posted $0.56 EPS. The firm's revenue was down 4.4% on a year-over-year basis. 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 Trading Up 0.1 %

Shares of IGT traded up $0.01 during midday trading on Tuesday, reaching $16.76. The company had a trading volume of 44,455 shares, compared to its average volume of 1,166,452. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85. International Game Technology has a 1-year low of $13.81 and a 1-year high of $24.13. The firm has a 50 day simple moving average of $16.48 and a 200-day simple moving average of $17.78. The stock has a market cap of $3.39 billion, a PE ratio of 27.94 and a beta of 1.61.

International Game Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Tuesday, March 11th. International Game Technology's dividend payout ratio (DPR) is 46.78%.

Analysts Set New Price Targets

Several brokerages have commented on IGT. Stifel Nicolaus decreased their price target on shares of International Game Technology from $26.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. StockNews.com downgraded shares of International Game Technology from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Finally, Truist Financial cut their target price on International Game Technology from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, International Game Technology currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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