International Game Technology (IGT) Reaches New 1-Year High at $23.60
International Game Technology (NYSE:IGT)’s share price hit a new 52-week high on Friday . The company traded as high as $23.60 and last traded at $23.41, with a volume of 491,127 shares. The stock had previously closed at $23.10.
A number of equities analysts recently weighed in on IGT shares. Sterne Agee CRT boosted their price target on shares of International Game Technology from $19.00 to $20.50 and gave the stock a “neutral” rating in a report on Friday, May 27th. Macquarie started coverage on shares of International Game Technology in a report on Tuesday, June 14th. They issued an “outperform” rating and a $26.00 price target on the stock. Bank of America Corp. reissued a “buy” rating on shares of International Game Technology in a report on Wednesday, June 22nd. Finally, Telsey Advisory Group boosted their price target on shares of International Game Technology from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.42.
The firm has a market cap of $4.73 billion and a price-to-earnings ratio of 78.07. The company’s 50 day moving average is $21.78 and its 200-day moving average is $18.63.
International Game Technology (NYSE:IGT) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by $0.04. The business earned $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts anticipate that International Game Technology will post $1.95 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, August 8th. This represents a $0.80 annualized dividend and a dividend yield of 3.40%.
International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.
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