International Game Technology (NYSE:IGT) declared a quarterly dividend on Thursday, March 8th, NASDAQ reports. Investors of record on Thursday, March 22nd will be paid a dividend of 0.20 per share on Thursday, April 5th. This represents a $0.80 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, March 21st.
International Game Technology has raised its dividend payment by an average of 22.1% annually over the last three years. International Game Technology has a dividend payout ratio of 65.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect International Game Technology to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 50.3%.
International Game Technology (NYSE:IGT) opened at $30.19 on Friday. International Game Technology has a 1 year low of $17.25 and a 1 year high of $30.82. The stock has a market cap of $6,222.71, a price-to-earnings ratio of -5.74 and a beta of 1.62. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.83 and a quick ratio of 0.75.
International Game Technology (NYSE:IGT) last announced its earnings results on Thursday, March 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.37). International Game Technology had a positive return on equity of 9.98% and a negative net margin of 21.64%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. analysts predict that International Game Technology will post 1.39 EPS for the current fiscal year.
IGT has been the subject of several analyst reports. Deutsche Bank upped their price target on shares of International Game Technology to $34.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Argus upgraded shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Wednesday, November 29th. ValuEngine lowered shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Jefferies Group initiated coverage on shares of International Game Technology in a research report on Tuesday, February 20th. They set a “buy” rating and a $33.00 price target for the company. Finally, Bank of America set a $32.00 price target on shares of International Game Technology and gave the company a “buy” rating in a research report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $31.25.
About International Game Technology
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.
Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.