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International Game Technology - IGT Stock Forecast, Price & News

$24.25
+0.25 (+1.04%)
(As of 11/29/2022 02:57 PM ET)
Add
Compare
Today's Range
$23.90
$24.47
50-Day Range
$15.33
$24.92
52-Week Range
$15.01
$30.84
Volume
34,402 shs
Average Volume
1.43 million shs
Market Capitalization
$4.94 billion
P/E Ratio
13.78
Dividend Yield
3.35%
Price Target
$35.00

International Game Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
44.6% Upside
$35.00 Price Target
Short Interest
Healthy
3.31% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.34
Upright™ Environmental Score
News Sentiment
0.85mentions of International Game Technology in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-22.11%
From $1.90 to $1.48 Per Share

Overall MarketRank

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

2.33 out of 5 stars

Consumer Discretionary Sector

115th out of 273 stocks

Miscellaneous Amusement & Recreation Services Industry

7th out of 17 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.

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IGT Stock News Headlines

International Game Technology is Well Worth the Gamble
With headwinds in its favor tied to the legalization of online gaming and sports betting, IGT could easily push past Wall Street’s latest targets.
Analysts Rate DraftKings a Moderate Buy As Growth Slows (IGT)
DraftKings share price continues to slip, even with a revenue beat and fewer losses than expected, and analysts have rated the stock a moderate Buy.
International Game Technology Deadline Alert
National Lottery: how to gamble £600mn of public money
International Game Technology Q3 Income Climbs
10 Biggest Lottery Jackpots Of All Time
See More Headlines
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IGT Company Calendar

Last Earnings
11/08/2022
Ex-Dividend for 12/9 Dividend
11/25/2022
Today
11/29/2022
Dividend Payable
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/07/2023

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
+44.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$482 million
Pretax Margin
15.06%

Debt

Sales & Book Value

Annual Sales
$4.09 billion
Cash Flow
$3.05 per share
Book Value
$9.68 per share

Miscellaneous

Free Float
201,162,000
Market Cap
$4.94 billion
Optionable
Optionable
Beta
1.84

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?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for International Game Technology in the last year. There are currently 5 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 2023?

5 Wall Street research analysts have issued 1 year target prices for International Game Technology's shares. Their IGT share price forecasts range from $26.00 to $63.00. On average, they expect the company's stock price to reach $35.00 in the next twelve months. This suggests a possible upside of 45.8% 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 shares have decreased by 17.0% and is now trading at $24.00.
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 November. As of November 15th, there was short interest totaling 3,380,000 shares, a decrease of 12.9% from the October 31st total of 3,880,000 shares. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is currently 2.4 days. Currently, 3.3% of the shares of the stock 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, March 7th 2023.
View our IGT earnings forecast
.

How were International Game Technology's earnings last quarter?

International Game Technology PLC (NYSE:IGT) posted its earnings results on Tuesday, November, 8th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.18. The company earned $1.06 billion during the quarter, compared to analysts' expectations of $1.01 billion. International Game Technology had a trailing twelve-month return on equity of 24.78% and a net margin of 8.56%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 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 Thursday, November 3rd. Shareholders of record on Monday, November 28th will be paid a dividend of $0.20 per share on Friday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, November 25th.
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 3.35%. The dividend payout ratio is 45.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IGT will have a dividend payout ratio of 54.05% 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 fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided 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.

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 a variety of institutional and retail investors. Top institutional investors include Lazard Asset Management LLC (4.88%), Massachusetts Financial Services Co. MA (4.04%), BlackRock Inc. (4.02%), Boston Partners (3.34%), Bank of New York Mellon Corp (3.14%) and Neuberger Berman Group LLC (1.91%).
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 $24.00.

How much money does International Game Technology make?

International Game Technology (NYSE:IGT) has a market capitalization of $4.89 billion and generates $4.09 billion in revenue each year. The company earns $482 million in net income (profit) each year or $1.76 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 11/29/2022 by MarketBeat.com Staff