International Game Technology - IGT Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for International Game Technology in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IGT shares.
View IGT analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued twelve-month target prices for International Game Technology's shares. 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 twelve months. This suggests a possible upside of 29.5% from the stock's current price.
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International Game Technology's stock was trading at $22.68 at the beginning of 2023. Since then, IGT stock has increased by 19.1% and is now trading at $27.02.
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International Game Technology saw a drop in short interest in January. As of January 15th, there was short interest totaling 1,950,000 shares, a drop of 8.5% from the December 31st total of 2,130,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is currently 1.6 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, March 7th 2023.
View our IGT earnings forecast.

International Game Technology PLC (NYSE:IGT) posted its quarterly earnings results on Tuesday, November, 8th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $1.06. The firm earned $1.06 billion during the quarter, compared to analysts' expectations of $1.01 billion. International Game Technology had a net margin of 8.56% and a trailing twelve-month return on equity of 24.78%. International Game Technology's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share.

International Game Technology declared a quarterly dividend on Thursday, November 3rd. Investors 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 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, November 25th.
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 3.02%. 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 53.69% 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 fourth quarter 2022 earnings guidance on Thursday, December, 8th. 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 a variety of retail and institutional investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (0.91%), Peregrine Capital Management LLC (0.37%), Natixis Advisors L.P. (0.16%), Foundry Partners LLC (0.12%), Exchange Traded Concepts LLC (0.07%) and Simplex Trading LLC (0.00%).
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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 $27.02.

International Game Technology (NYSE:IGT) has a market capitalization of $5.50 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.

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 444013921000, via email at investor_relations@igt.com, or via fax at 44-20-7535-3200.