NYSE:IGTInternational Game Technology Stock Price, Forecast & News

$8.45

+0.45 (+5.63 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$8.12

Now: $8.45▼

$8.87

50-Day Range

$4.95

MA: $6.87▼

$8.29

52-Week Range

$3.59

Now: $8.45▼

$16.25

Volume4.38 million shs

Average Volume3.03 million shs

Market Capitalization$1.73 billion

P/E RatioN/A

Dividend Yield10.00%

Beta1.85

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy. It designs, sells, and operates a suite of point-of-sale terminals 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. The company also provides video lottery terminals (VLT), VLT central systems, and VLT games; and amusement with prize machines and games to licensed operators. In addition, it provides sports betting platform that offers betting on sports and motor sports events, as well as non-sporting events; interactive and social gaming, which enables game play through the Internet; gaming management systems for casino management, customer relationship management, patron management, and server-based gaming; and designs, develops, manufactures, and provides cabinets, games, systems, and software. Further, the company 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 transfers services. Additionally, it designs, manufactures, and distributes poker, online casino table games, slot games, bingo, virtual reality, and player account management systems 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 incorporated in 2014 and is headquartered in London, the United Kingdom.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
International Game Technology has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $9.62, International Game Technology has a potential upside of 13.8% from its current price of $8.45.
Amount of Analyst Coverage
International Game Technology has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
International Game Technology has received 451 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
International Game Technology has received 546 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
International Game Technology has received 54.76% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about International Game Technology and other stocks. Vote “Outperform” if you believe IGT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe IGT will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
International Game Technology is a leading dividend payer. It pays a dividend yield of 10.00%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
International Game Technology does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of International Game Technology is 74.07 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, International Game Technology will have a dividend payout ratio of 140.35 % in the coming year. This indicates that International Game Technology may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, International Game Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.24% of the stock of International Game Technology is held by insiders.
Percentage Held by Institutions
38.22% of the stock of International Game Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for International Game Technology are expected to grow in the coming year, from ($0.75) to $0.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of International Game Technology is -5.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of International Game Technology is -5.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
International Game Technology has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.01 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Miscellaneous amusement & recreation services

Sub-IndustryCasinos & Gaming

SectorConsumer Discretionary

Current SymbolNYSE:IGT

Previous Symbol

CUSIP45990210

CIK1619762

Webwww.igt.com

Phone44-20-7535-3200

Debt

Debt-to-Equity Ratio4.01

Current Ratio1.37

Quick Ratio1.28

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$4.79 billion

Price / Sales0.36

Cash Flow$5.99 per share

Price / Cash Flow1.41

Book Value$12.17 per share

Price / Book0.69

Profitability

EPS (Most Recent Fiscal Year)$1.08

Net Income$-19,020,000.00

Net Margins-6.71%

Return on Equity8.68%

Return on Assets1.56%

Miscellaneous

Employees11,922

Outstanding Shares204,211,000

Market Cap$1.73 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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International Game Technology (NYSE:IGT) Frequently Asked Questions

How has International Game Technology's stock been impacted by COVID-19 (Coronavirus)?

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. Since then, IGT stock has increased by 25.6% and is now trading at $8.45. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of International Game Technology?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for International Game Technology in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for International Game Technology.

When is International Game Technology's next earnings date?

International Game Technology is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for International Game Technology.

How were International Game Technology's earnings last quarter?

International Game Technology PLC (NYSE:IGT) posted its quarterly earnings results on Monday, May, 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.02) by $0.10. The company earned $940 million during the quarter, compared to the consensus estimate of $935.49 million. International Game Technology had a positive return on equity of 8.68% and a negative net margin of 6.71%. The company's revenue was down 17.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share. View International Game Technology's earnings history.

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, February 26th. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.20 per share on Tuesday, March 31st. This represents a $0.80 annualized dividend and a yield of 9.47%. The ex-dividend date is Monday, March 16th. View International Game Technology's dividend history.

What price target have analysts set for IGT?

7 brokers have issued twelve-month price objectives for International Game Technology's shares. Their forecasts range from $5.00 to $17.00. On average, they anticipate International Game Technology's stock price to reach $9.62 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price. View analysts' price targets for International Game Technology.

Has International Game Technology been receiving favorable news coverage?

News stories about IGT stock have been trending extremely negative this week, according to InfoTrie. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. International Game Technology earned a news sentiment score of -4.0 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutInternational Game Technology.

Are investors shorting International Game Technology?

International Game Technology saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 7,100,000 shares, an increase of 8.2% from the April 30th total of 6,560,000 shares. Based on an average trading volume of 3,490,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 7.2% of the company's shares are sold short. View International Game Technology's Current Options Chain.

Who are some of International Game Technology's key competitors?

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

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), Verizon Communications (VZ), Exxon Mobil (XOM), CVS Health (CVS), Gilead Sciences (GILD), Bristol-Myers Squibb (BMY), NVIDIA (NVDA) and Boeing (BA).

Who are International Game Technology's key executives?

International Game Technology's management team includes the following people:

Mr. Marco Sala, CEO & Exec. Director (Age 60)
Mr. Alberto Fornaro, Exec. VP & CFO (Age 54)
Mr. Renato Ascoli, Chief Exec. Officer of North America (Age 58)
Mr. Walter Bugno, Chief Exec. Officer of International (Age 59)
Mr. Fabio Celadon, Sr. VP of Gaming Portfolio (Age 47)

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 number of institutional and retail investors. Top institutional investors include Invesco Ltd. (3.16%), BlackRock Inc. (1.25%), Nuveen Asset Management LLC (1.22%), Peregrine Capital Management LLC (1.11%), Deprince Race & Zollo Inc. (0.66%) and State Street Corp (0.56%). View institutional ownership trends for International Game Technology.

Which major investors are selling International Game Technology stock?

IGT stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Geode Capital Management LLC, Two Sigma Advisers LP, First Trust Advisors LP, Nisa Investment Advisors LLC, Invesco Ltd., Cipher Capital LP, and NEXT Financial Group Inc. View insider buying and selling activity for International Game Technology.

Which major investors are buying International Game Technology stock?

IGT stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Parametric Portfolio Associates LLC, Morgan Stanley, Morgan Stanley, Russell Investments Group Ltd., Wells Fargo & Company MN, Squarepoint Ops LLC, and Peregrine Capital Management LLC. View insider buying and selling activity for International Game Technology.

How do I buy shares of International Game Technology?

Shares of IGT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is International Game Technology's stock price today?

One share of IGT stock can currently be purchased for approximately $8.45.

How big of a company is International Game Technology?

International Game Technology has a market capitalization of $1.73 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 11,922 workers across the globe.

What is International Game Technology's official website?

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

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 company can be reached via phone at 44-20-7535-3200 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff