International Game Technology (IGT) to Release Earnings on Tuesday – Digitalmunition




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Published on August 3rd, 2020 📆 | 2390 Views ⚑

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International Game Technology (IGT) to Release Earnings on Tuesday

International Game Technology (NYSE:IGT) is scheduled to be releasing its earnings data before the market opens on Tuesday, August 4th. Analysts expect International Game Technology to post earnings of ($0.72) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Monday, May 18th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.10. The firm had revenue of $940.00 million during the quarter, compared to analysts’ expectations of $935.49 million. International Game Technology had a negative net margin of 6.71% and a positive return on equity of 8.68%. The firm’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. On average, analysts expect International Game Technology to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE:IGT opened at $9.86 on Friday. The company has a debt-to-equity ratio of 4.01, a quick ratio of 1.28 and a current ratio of 1.37. The stock has a market capitalization of $2.01 billion, a P/E ratio of 9.48 and a beta of 1.89. The company has a 50 day moving average price of $9.69 and a 200 day moving average price of $9.50. International Game Technology has a fifty-two week low of $3.59 and a fifty-two week high of $16.25.

A number of equities analysts recently weighed in on IGT shares. ValuEngine raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research report on Thursday, July 2nd. Societe Generale cut shares of International Game Technology from a “buy” rating to a “hold” rating and set a $8.20 price objective for the company. in a research report on Thursday, May 21st. Deutsche Bank reaffirmed a “buy” rating and set a $11.00 price objective on shares of International Game Technology in a research report on Monday, June 8th. Union Gaming Research cut shares of International Game Technology from a “buy” rating to a “hold” rating and set a $8.50 price target for the company. in a research report on Tuesday, May 19th. Finally, Credit Suisse Group initiated coverage on shares of International Game Technology in a research report on Thursday, May 21st. They issued an “underperform” rating and a $5.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.12.

About International Game Technology

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 four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.

See Also: Hold Rating

Earnings History for International Game Technology (NYSE:IGT)

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