International Game Technology (IGT) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for International Game Technology in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IGT shares.
View IGT analyst ratings or view top-rated stocks.

6 brokers have issued twelve-month price objectives for International Game Technology's stock. Their IGT share price forecasts range from $30.00 to $66.00. On average, they predict the company's stock price to reach $39.00 in the next twelve months. This suggests a possible upside of 27.1% from the stock's current price.
View analysts price targets for IGT or view top-rated stocks among Wall Street analysts.

International Game Technology's stock was trading at $22.68 at the beginning of 2023. Since then, IGT stock has increased by 35.3% and is now trading at $30.6850.
View the best growth stocks for 2023 here.

International Game Technology saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,260,000 shares, an increase of 8.1% from the April 30th total of 2,090,000 shares. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.1% of the company's stock are short sold.
View International Game Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our IGT earnings forecast.

International Game Technology PLC (NYSE:IGT) released its quarterly earnings results on Tuesday, May, 9th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. The firm earned $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. International Game Technology had a trailing twelve-month return on equity of 28.84% and a net margin of 5.17%. The company's quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS.

International Game Technology declared a quarterly dividend on Friday, May 5th. Shareholders of record on Thursday, May 25th will be given a dividend of $0.20 per share on Thursday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, May 24th.
Read our dividend analysis for IGT.

ETFs with the largest weight of International Game Technology (NYSE:IGT) stock in their portfolio include AdvisorShares Vice ETF (VICE), Invesco Dynamic Leisure and Entertainment ETF (PEJ), iBET Sports Betting & Gaming ETF (IBET), Roundhill Sports Betting & iGaming ETF (BETZ), B.A.D. Etf (BAD), VanEck Gaming ETF (BJK), FlexShares Quality Dividend Index Fund (QDF) and FlexShares Quality Dividend Dynamic Index Fund (QDYN).

International Game Technology (NYSE:IGT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.90%. The dividend payout ratio is 74.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IGT will have a dividend payout ratio of 43.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IGT.

International Game Technology updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.00 billion-$1.00 billion, compared to the consensus revenue estimate of $1.02 billion.

252 employees have rated International Game Technology Chief Executive Officer Marco Sala on Glassdoor.com. Marco Sala has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other International Game Technology investors own include AT&T (T), Walt Disney (DIS), Bank of America (BAC), Exxon Mobil (XOM), Verizon Communications (VZ), AbbVie (ABBV), CVS Health (CVS), NVIDIA (NVDA), General Electric (GE) and Gilead Sciences (GILD).

International Game Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "IGT."

International Game Technology's stock is owned by many different institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (3.78%), Boston Partners (3.39%), BlackRock Inc. (2.92%), Vaughan Nelson Investment Management L.P. (0.90%), State Street Corp (0.88%) and Two Sigma Advisers LP (0.59%).
View institutional ownership trends.

Shares of IGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IGT stock can currently be purchased for approximately $30.69.

International Game Technology (NYSE:IGT) has a market capitalization of $6.11 billion and generates $4.23 billion in revenue each year. The company earns $275 million in net income (profit) each year or $1.07 on an earnings per share basis.

The company employs 10,786 workers across the globe.

International Game Technology's mailing address is 66 SEYMOUR STREET SECOND FLOOR MARBLE ARCH HOUSE, LONDON X0, W1H 5BT. The official website for the company is www.igt.com. The company can be reached via phone at 444013921000, via email at investor_relations@igt.com, or via fax at 44-20-7535-3200.