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International Game Technology - IGT Stock Forecast, Price & News

$21.54
-0.55 (-2.49%)
(As of 08/17/2022 09:45 AM ET)
Add
Compare
Today's Range
$21.52
$21.81
50-Day Range
$16.87
$22.64
52-Week Range
$16.46
$32.95
Volume
3,454 shs
Average Volume
1.76 million shs
Market Capitalization
$4.39 billion
P/E Ratio
27.97
Dividend Yield
3.65%
Price Target
$35.00

International Game Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
58.4% Upside
$35.00 Price Target
Short Interest
Healthy
4.89% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.52mentions of International Game Technology in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.21%
From $1.36 to $1.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Consumer Discretionary Sector

49th out of 294 stocks

Miscellaneous Amusement & Recreation Services Industry

4th out of 18 stocks

IGT stock logo

About International Game Technology (NYSE:IGT) Stock

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. 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. It also designs, develops, assembles, and provides cabinets, games, systems, and software for the gaming market, as well as offers gaming management systems for casino management, customer relationship management, patron management, and server-based gaming. In addition, the company provides video lottery terminals (VLT), VLT central systems, and VLT games. Further, it offers digital gaming and betting; sports betting; and technology and management services. Additionally, the company provides digital gaming products and services, including blackjack, roulette, slot games, poker, bingo, and other casino card games; social casino content; and remote game server, as well as iGaming systems and digital platforms that offer player account management, advanced marketing and analytical, and payment system services. It processes commercial transactions, such as prepaid cellular telephone recharges, bill payments, e-vouchers and retail-based programs, electronic tax payments, prepaid card recharges, and stamp duty and money transfer services. The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015. The company was founded in 2014 and is headquartered in London, the United Kingdom. International Game Technology PLC is a subsidiary of De Agostini S.p.A.

International Game Technology Price Performance

Shares of NYSE:IGT opened at $22.09 on Wednesday. The business's 50 day moving average price is $19.42 and its two-hundred day moving average price is $22.56. The company has a market cap of $4.50 billion, a PE ratio of 28.69 and a beta of 1.83. The company has a quick ratio of 1.44, a current ratio of 1.56 and a debt-to-equity ratio of 3.53. International Game Technology has a twelve month low of $16.46 and a twelve month high of $32.95.

International Game Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Tuesday, August 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Monday, August 15th. International Game Technology's dividend payout ratio (DPR) is presently 103.90%.

Wall Street Analyst Weigh In

IGT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on International Game Technology from $35.00 to $30.00 in a research note on Wednesday, August 3rd. Truist Financial reduced their target price on International Game Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, July 20th. StockNews.com upgraded International Game Technology from a "hold" rating to a "buy" rating in a report on Tuesday. Stifel Nicolaus cut their price target on International Game Technology from $36.00 to $26.00 in a report on Monday, August 1st. Finally, Jefferies Financial Group upgraded International Game Technology from a "hold" rating to a "buy" rating and cut their price target for the company from $30.00 to $26.00 in a report on Thursday, May 12th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, International Game Technology presently has an average rating of "Buy" and an average target price of $35.00.

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IGT Stock News Headlines

International Game Technology (NYSE:IGT) PT Lowered to $30.00
International Game Technology (NYSE:IGT) Shares Up 9.6%
International Game Technology Q2 Earnings Summary
IGT Launches World-Class iLottery Games in Michigan
See More Headlines
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IGT Company Calendar

Last Earnings
11/09/2021
Ex-Dividend for 6/7 Dividend
5/23/2022
Dividend Payable
6/07/2022
Ex-Dividend for 8/30 Dividend
8/15/2022
Today
8/17/2022
Dividend Payable
8/30/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Miscellaneous amusement & recreation services
Sub-Industry
Casinos & Gaming
CUSIP
45990210
Employees
10,486
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$35.00
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+62.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$482 million
Pretax Margin
11.03%

Debt

Sales & Book Value

Annual Sales
$4.09 billion
Cash Flow
$2.95 per share
Book Value
$8.97 per share

Miscellaneous

Free Float
201,162,000
Market Cap
$4.39 billion
Optionable
Optionable
Beta
1.83

Key Executives

  • Mr. Marco Sala (Age 63)
    Exec. Chairman
    Comp: $8.17M
  • Mr. Vincent L. Sadusky (Age 57)
    CEO & Exec. Director
    Comp: $140k
  • Mr. Massimiliano Chiara (Age 53)
    Exec. VP, CFO & Director
    Comp: $2.77M
  • Mr. Timothy M. Rishton (Age 56)
    Sr. VP & Chief Accounting Officer
  • Mr. James Hurley
    Sr. VP of Investor Relations
  • Mr. Christopher C. Spears (Age 54)
    Exec. VP & Gen. Counsel
  • Ms. Wendy Montgomery (Age 58)
    Sr. VP of Marketing, Communications & Sustainability
  • Mr. Ken Bossingham (Age 58)
    Sr. VP of Sales
  • Mr. Fabio Celadon (Age 50)
    Exec. VP of Strategy & Corp. Devel.
  • Ms. Dorothy Costa (Age 50)
    Sr. VP of People & Transformation













IGT Stock - Frequently Asked Questions

Should I buy or sell International Game Technology stock right now?

6 Wall Street 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 analysts is that investors should "buy" IGT shares.
View IGT analyst ratings
or view top-rated stocks.

What is International Game Technology's stock price forecast for 2022?

6 brokers have issued 12-month price objectives for International Game Technology's stock. Their IGT share price forecasts range from $26.00 to $63.00. On average, they anticipate the company's stock price to reach $35.00 in the next twelve months. This suggests a possible upside of 58.4% from the stock's current price.
View analysts price targets for IGT
or view top-rated stocks among Wall Street analysts.

How have IGT shares performed in 2022?

International Game Technology's stock was trading at $28.91 at the start of the year. Since then, IGT stock has decreased by 23.6% and is now trading at $22.09.
View the best growth stocks for 2022 here
.

Are investors shorting International Game Technology?

International Game Technology saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 5,020,000 shares, a decrease of 6.9% from the July 15th total of 5,390,000 shares. Based on an average trading volume of 2,060,000 shares, the short-interest ratio is presently 2.4 days. Approximately 4.9% of the shares of the company are sold short.
View International Game Technology's Short Interest
.

When is International Game Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our IGT earnings forecast
.

How were International Game Technology's earnings last quarter?

International Game Technology PLC (NYSE:IGT) issued its quarterly earnings results on Tuesday, November, 9th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. The business had revenue of $984 million for the quarter, compared to analyst estimates of $981 million. International Game Technology had a net margin of 3.87% and a trailing twelve-month return on equity of 14.56%. The firm's revenue for the quarter was up 20.6% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS.

How often does International Game Technology pay dividends? What is the dividend yield for International Game Technology?

International Game Technology announced a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Tuesday, August 16th will be given a dividend of $0.20 per share on Tuesday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Monday, August 15th.
Read our dividend analysis for IGT
.

Is International Game Technology a good dividend stock?

International Game Technology (NYSE:IGT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.65%. The dividend payout ratio is 103.90%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IGT will have a dividend payout ratio of 46.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IGT.

What guidance has International Game Technology issued on next quarter's earnings?

International Game Technology issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.00 billion-$1.10 billion, compared to the consensus revenue estimate of $1.01 billion.

What is Marco Sala's approval rating as International Game Technology's CEO?

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.

What other stocks do shareholders of International Game Technology own?

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).

What is International Game Technology's stock symbol?

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

Who are International Game Technology's major shareholders?

International Game Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (3.89%), Lazard Asset Management LLC (3.81%), FMR LLC (0.87%), State Street Corp (0.84%), Vaughan Nelson Investment Management L.P. (0.83%) and 140 Summer Partners LP (0.75%).
View institutional ownership trends
.

How do I buy shares of International Game Technology?

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.
Compare Top Brokerages Here.

What is International Game Technology's stock price today?

One share of IGT stock can currently be purchased for approximately $22.09.

How much money does International Game Technology make?

International Game Technology (NYSE:IGT) has a market capitalization of $4.50 billion and generates $4.09 billion in revenue each year. The company earns $482 million in net income (profit) each year or $0.77 on an earnings per share basis.

How many employees does International Game Technology have?

The company employs 10,486 workers across the globe.

How can I contact International Game Technology?

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 442075353200, via email at investor_relations@igt.com, or via fax at 44-20-7535-3200.

This page (NYSE:IGT) was last updated on 8/17/2022 by MarketBeat.com Staff

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