International Game Technology (IGT) Set to Announce Quarterly Earnings on Tuesday

International Game Technology (NYSE:IGT) is set to issue its quarterly earnings data before the market opens on Tuesday, May 22nd. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

International Game Technology (NYSE:IGT) last posted its earnings results on Thursday, March 8th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.37). The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.25 billion. International Game Technology had a negative net margin of 21.64% and a positive return on equity of 10.28%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. On average, analysts expect International Game Technology to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

International Game Technology opened at $30.41 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 0.75, a current ratio of 0.83 and a debt-to-equity ratio of 3.30. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 20.01 and a beta of 1.55. International Game Technology has a twelve month low of $17.25 and a twelve month high of $31.00.

A number of research firms have weighed in on IGT. ValuEngine raised International Game Technology from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Jefferies Group set a $34.00 target price on International Game Technology and gave the company a “buy” rating in a report on Friday, March 9th. Finally, Bank of America set a $32.00 target price on International Game Technology and gave the company a “buy” rating in a report on Thursday, March 8th. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $32.40.

International Game Technology Company Profile

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.

Earnings History for International Game Technology (NYSE:IGT)

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