International Game Technology - IGT Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for International Game Technology in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IGT shares.
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5 analysts have issued 1 year price targets for International Game Technology's shares. Their IGT share price forecasts range from $26.00 to $66.00. On average, they expect the company's stock price to reach $37.20 in the next twelve months. This suggests a possible upside of 45.1% from the stock's current price.
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International Game Technology's stock was trading at $22.68 on January 1st, 2023. Since then, IGT stock has increased by 13.1% and is now trading at $25.64.
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International Game Technology saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,900,000 shares, an increase of 11.8% from the February 13th total of 1,700,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 1.8 days. Approximately 1.8% of the shares of the stock are short sold.
View International Game Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our IGT earnings forecast.

International Game Technology PLC (NYSE:IGT) posted its quarterly earnings results on Tuesday, February, 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.07. The company earned $1.09 billion during the quarter, compared to analysts' expectations of $1.03 billion. International Game Technology had a net margin of 6.51% and a trailing twelve-month return on equity of 27.89%. The business's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS.

International Game Technology announced a quarterly dividend on Tuesday, February 28th. Stockholders of record on Tuesday, March 14th will be given a dividend of $0.20 per share on Tuesday, March 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Monday, March 13th.
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), Roundhill Sports Betting & iGaming ETF (BETZ), Invesco Dynamic Leisure and Entertainment ETF (PEJ), B.A.D. Etf (BAD), iBET Sports Betting & Gaming ETF (IBET), 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 3.20%. The dividend payout ratio is 59.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IGT will have a dividend payout ratio of 39.80% 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 issued an update on its first quarter 2023 earnings guidance on Tuesday, February, 28th. 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 Lazard Asset Management LLC (3.82%), Boston Partners (3.45%), Neuberger Berman Group LLC (1.95%), Vaughan Nelson Investment Management L.P. (0.91%), Two Sigma Advisers LP (0.77%) and Amundi (0.60%).
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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 $25.64.

International Game Technology (NYSE:IGT) has a market capitalization of $5.10 billion and generates $4.23 billion in revenue each year. The company earns $275 million in net income (profit) each year or $1.35 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.