International Game Technology Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for International Game Technology in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" International Game Technology stock.
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5 equities research analysts have issued 12 month price targets for International Game Technology's shares. Their IGT stock forecasts range from $26.00 to $63.00. On average, they anticipate International Game Technology's stock price to reach $40.80 in the next year. This suggests a possible upside of 111.4% from the stock's current price.
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International Game Technology's stock was trading at $28.91 at the beginning of the year. Since then, IGT shares have decreased by 33.2% and is now trading at $19.30.
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International Game Technology saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 6,290,000 shares, an increase of 19.8% from the May 31st total of 5,250,000 shares. Based on an average daily trading volume, of 1,980,000 shares, the short-interest ratio is currently 3.2 days. Approximately 6.1% of the company's shares are sold short.
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International Game Technology is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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International Game Technology PLC (NYSE:IGT) posted its quarterly earnings results on Tuesday, May, 10th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. International Game Technology had a net margin of 11.37% and a trailing twelve-month return on equity of 3.35%. The business's revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS.
View International Game Technology's earnings history.

International Game Technology announced a quarterly dividend on Tuesday, May 10th. Shareholders of record on Tuesday, May 24th will be given a dividend of $0.20 per share on Tuesday, June 7th. This represents a $0.80 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Monday, May 23rd.
View International Game Technology's dividend history.

International Game Technology(NYSE:IGT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 4.15%. IGT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of International Game Technology is 35.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, International Game Technology will have a dividend payout ratio of 45.20% next year. This indicates that International Game Technology will be able to sustain or increase its dividend.
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International Game Technology updated its second quarter 2022 earnings guidance on Tuesday, June, 7th. 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 $1.04 billion.

252 employees have rated International Game Technology CEO Marco Sala on Glassdoor.com. Marco Sala has an approval rating of 76% among International Game Technology's employees.

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

Shares of IGT 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 $19.30.

International Game Technology (NYSE:IGT) has a market capitalization of $3.93 billion and generates $4.09 billion in revenue each year. The company earns $482 million in net income (profit) each year or $2.279990 on an earnings per share basis.

International Game Technology 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 International Game Technology 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.