International Game Technology Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for International Game Technology in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" International Game Technology stock.
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International Game Technology saw a drop in short interest during the month of February. As of February 12th, there was short interest totaling 2,800,000 shares, a drop of 86.4% from the January 28th total of 20,590,000 shares. Based on an average trading volume of 2,500,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.8% of the shares of the stock are sold short.
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International Game Technology is scheduled to release its next quarterly earnings announcement on Tuesday, March 2nd 2021.
View our earnings forecast for International Game Technology.

International Game Technology PLC (NYSE:IGT) announced its quarterly earnings results on Monday, November, 16th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.16) by $0.42. The business had revenue of $981.51 million for the quarter, compared to analyst estimates of $801.03 million. International Game Technology had a negative net margin of 21.60% and a positive trailing twelve-month return on equity of 0.59%. The business's revenue was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share.
View International Game Technology's earnings history.

International Game Technology's stock was trading at $6.73 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IGT shares have increased by 178.6% and is now trading at $18.75.
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International Game Technology pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.09%. The dividend payout ratio of International Game Technology is 18.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, International Game Technology will have a dividend payout ratio of 29.41% next year. This indicates that International Game Technology will be able to sustain or increase its dividend.
View International Game Technology's dividend history.

9 analysts have issued 12 month price targets for International Game Technology's stock. Their forecasts range from $8.20 to $25.00. On average, they anticipate International Game Technology's share price to reach $17.15 in the next twelve months. This suggests that the stock has a possible downside of 8.5%.
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252 employees have rated International Game Technology CEO Marco Sala on Glassdoor.com. Marco Sala has an approval rating of 76% among International Game Technology's employees.

Some companies that are related to International Game Technology include Las Vegas Sands (LVS), Penn National Gaming (PENN), Caesars Entertainment (CZR), MGM Resorts International (MGM), Wynn Resorts (WYNN), Churchill Downs (CHDN), Advanced Drainage Systems (WMS), Boyd Gaming (BYD), Scientific Games (SGMS) and Monarch Casino & Resort (MCRI).
View all of IGT's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other International Game Technology investors own include AT&T (T), The 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.62%), Boston Partners (3.66%), Lazard Asset Management LLC (2.49%), Renaissance Technologies LLC (1.58%), Peregrine Capital Management LLC (1.07%) and Vaughan Nelson Investment Management L.P. (1.03%).
View institutional ownership trends for International Game Technology.

IGT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Morgan Stanley, Wells Fargo & Company MN, Tudor Investment Corp Et Al, Renaissance Technologies LLC, Hsbc Holdings PLC, and Boston Partners.
View insider buying and selling activity for International Game Technology or view top insider-selling stocks.

IGT stock was acquired by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Lazard Asset Management LLC, Waterfront Capital Partners LLC, Fuller & Thaler Asset Management Inc., Voloridge Investment Management LLC, Northern Trust Corp, Russell Investments Group Ltd., and Nuveen Asset Management LLC.
View insider buying and selling activity for International Game Technology or or view top insider-buying stocks.

Shares of IGT 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 $18.75.

International Game Technology has a market capitalization of $3.83 billion and generates $4.79 billion in revenue each year. The company earns $-19,020,000.00 in net income (profit) each year or $1.08 on an earnings per share basis.

International Game Technology employs 11,000 workers across the globe.

The official website for International Game Technology is www.igt.com.

International Game Technology is headquartered at 66 SEYMOUR STREET SECOND FLOOR MARBLE ARCH HOUSE, LONDON X0, W1H 5BT.

International Game Technology's mailing address is 66 SEYMOUR STREET SECOND FLOOR MARBLE ARCH HOUSE, LONDON X0, W1H 5BT. The company can be reached via phone at 44-20-7535-3200 or via email at [email protected]