International Game Technology (IGT) Reaches New 12-Month High at $23.60
International Game Technology (NYSE:IGT)’s share price reached a new 52-week high on Friday . The stock traded as high as $23.60 and last traded at $23.41, with a volume of 491,127 shares changing hands. The stock had previously closed at $23.10.
Several equities analysts recently weighed in on IGT shares. Bank of America Corp. restated a “buy” rating on shares of International Game Technology in a research report on Wednesday, June 22nd. Sterne Agee CRT restated a “hold” rating on shares of International Game Technology in a research report on Sunday, May 29th. Telsey Advisory Group increased their price target on shares of International Game Technology from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Finally, Macquarie started coverage on shares of International Game Technology in a research report on Tuesday, June 14th. They set an “outperform” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $21.42.
The firm has a market capitalization of $4.71 billion and a PE ratio of 77.84. The firm has a 50-day moving average price of $21.62 and a 200 day moving average price of $18.56.
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. Equities research analysts expect that International Game Technology will post $1.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend 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.