International Game Technology - IGT Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for International Game Technology in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IGT shares.
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6 Wall Street research analysts have issued 1 year price targets for International Game Technology's stock. Their IGT share price forecasts range from $26.00 to $63.00. On average, they predict the company's share price to reach $35.00 in the next year. This suggests a possible upside of 114.7% from the stock's current price.
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International Game Technology's stock was trading at $28.91 at the start of the year. Since then, IGT stock has decreased by 43.6% and is now trading at $16.30.
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International Game Technology saw a decline in short interest in the month of August. As of August 15th, there was short interest totaling 4,170,000 shares, a decline of 16.9% from the July 31st total of 5,020,000 shares. Based on an average trading volume of 1,850,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 4.1% of the company's stock are sold short.
View International Game Technology's Short Interest.

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

International Game Technology PLC (NYSE:IGT) announced its earnings results on Tuesday, November, 9th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.10. The company 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 company's revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share.

International Game Technology announced a quarterly dividend on Wednesday, August 3rd. Investors 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 dividend yield of 4.91%. The ex-dividend date is Monday, August 15th.
Read our dividend analysis for IGT.

International Game Technology (NYSE:IGT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 5.18%. IGT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 52.29% 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 third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided 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.

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 retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (3.89%), Lazard Asset Management LLC (3.81%), Goldman Sachs Group Inc. (1.15%), FMR LLC (0.87%), State Street Corp (0.84%) and Vaughan Nelson Investment Management L.P. (0.83%).
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 $16.30.

International Game Technology (NYSE:IGT) has a market capitalization of $3.32 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.

The company employs 10,486 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 442075353200, via email at investor_relations@igt.com, or via fax at 44-20-7535-3200.