Somewhat Positive News Coverage Somewhat Unlikely to Affect International Game Technology (NYSE:IGT) Stock Price
Media coverage about International Game Technology (NYSE:IGT) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. International Game Technology earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.0314647778535 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s analysis:
- IGT targets video bingo with Zest Gaming deal – iGaming Business (igamingbusiness.com)
- Brokerages Expect International Game Technology (NYSE:IGT) Will Post Quarterly Sales of $1.19 Billion (americanbankingnews.com)
- IGT Q2 Losses Mostly Due to Poor Exchange Rates with Italian Lotto and Double Down Sale (casino.org)
- International Game Technology Plc – Value Analysis (NYSE:IGT) : August 4, 2017 (finance.yahoo.com)
- $0.42 Earnings Per Share Expected for International Game Technology (NYSE:IGT) This Quarter (americanbankingnews.com)
International Game Technology (NYSE:IGT) traded down 0.83% during trading on Friday, reaching $20.35. 1,319,213 shares of the company’s stock traded hands. International Game Technology has a 1-year low of $17.25 and a 1-year high of $32.07. The stock’s market capitalization is $4.13 billion. The stock has a 50-day moving average price of $18.67 and a 200 day moving average price of $22.35.
International Game Technology (NYSE:IGT) last released its earnings results on Tuesday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.17. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. International Game Technology’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. Equities research analysts expect that International Game Technology will post $1.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Friday, August 11th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, August 9th. International Game Technology’s payout ratio is currently -142.86%.
A number of equities analysts recently commented on IGT shares. BidaskClub upgraded shares of International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Wells Fargo & Company reiterated a “market perform” rating and set a $25.50 target price on shares of International Game Technology in a research note on Wednesday, April 19th. Bank of America Corporation reiterated a “neutral” rating and set a $27.00 target price (up previously from $22.00) on shares of International Game Technology in a research note on Sunday, May 28th. Finally, Telsey Advisory Group lowered their target price on shares of International Game Technology from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.38.
International Game Technology Company Profile
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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