Zacks: Analysts Expect International Game Technology PLC (IGT) to Post $0.23 EPS
Equities research analysts predict that International Game Technology PLC (NYSE:IGT) will announce earnings per share (EPS) of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for International Game Technology’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.43. International Game Technology posted earnings per share of $0.15 during the same quarter last year, which suggests a positive year-over-year growth rate of 53.3%. The firm is expected to issue its next earnings results before the market opens on Monday, May 20th.
According to Zacks, analysts expect that International Game Technology will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $1.82. For the next year, analysts anticipate that the firm will report earnings of $1.40 per share, with EPS estimates ranging from $1.13 to $1.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for International Game Technology.
International Game Technology (NYSE:IGT) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.11). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. International Game Technology had a positive return on equity of 7.64% and a negative net margin of 0.44%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 earnings per share.
Hedge funds have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of International Game Technology in the 4th quarter worth about $37,000. Advisor Group Inc. increased its position in International Game Technology by 109.2% in the 1st quarter. Advisor Group Inc. now owns 2,824 shares of the company’s stock valued at $37,000 after buying an additional 1,474 shares in the last quarter. Quantamental Technologies LLC bought a new stake in International Game Technology in the 4th quarter valued at about $94,000. Investors Research Corp bought a new stake in International Game Technology in the 1st quarter valued at about $100,000. Finally, NumerixS Investment Technologies Inc increased its position in International Game Technology by 12.8% in the 1st quarter. NumerixS Investment Technologies Inc now owns 8,800 shares of the company’s stock valued at $112,000 after buying an additional 1,000 shares in the last quarter. 49.21% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE IGT opened at $13.80 on Monday. International Game Technology has a 52 week low of $12.65 and a 52 week high of $31.00. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 2.90. The company has a market cap of $2.79 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.12 and a beta of 1.36.
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 four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.
See Also: Dividend Aristocrat Index
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.