International Game Technology (IGT) Shares Up 1.2%
International Game Technology (NYSE:IGT) shares shot up 1.2% on Wednesday . The stock traded as high as $22.94 and last traded at $22.85, with a volume of 632,072 shares. The stock had previously closed at $22.59.
Several research firms have weighed in on IGT. Sterne Agee CRT reaffirmed a “hold” rating on shares of International Game Technology in a research report on Sunday, May 29th. Macquarie initiated coverage on International Game Technology in a research note on Tuesday, June 14th. They set an “outperform” rating and a $26.00 target price for the company. Telsey Advisory Group lifted their target price on International Game Technology from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of International Game Technology in a research note on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. International Game Technology has an average rating of “Buy” and an average price target of $21.42.
The stock’s 50 day moving average is $21.56 and its 200-day moving average is $18.56. The stock has a market capitalization of $4.59 billion and a price-to-earnings ratio of 75.85.
International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.04. The firm earned $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. International Game Technology’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict that International Game Technology will post $1.95 earnings per share for the current fiscal 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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Monday, August 8th.
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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