International Game Technology (NYSE:IGT) Issues Quarterly Earnings Results, Misses Expectations By $0.10 EPS

International Game Technology (NYSE:IGT) announced its earnings results on Tuesday. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10), RTT News reports. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The company had revenue of $651.00 million for the quarter, compared to analysts’ expectations of $657.84 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. International Game Technology’s quarterly revenue was down 4.4% on a year-over-year basis. International Game Technology updated its FY 2025 guidance to EPS.

International Game Technology Trading Down 4.5 %

Shares of IGT opened at $17.14 on Tuesday. International Game Technology has a fifty-two week low of $16.42 and a fifty-two week high of $27.27. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36. The company’s fifty day moving average is $17.30 and its 200 day moving average is $19.55. The stock has a market capitalization of $3.41 billion, a PE ratio of 29.13 and a beta of 1.91.

Analyst Ratings Changes

Several research firms have weighed in on IGT. Truist Financial dropped their price target on International Game Technology from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. StockNews.com raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

About International Game Technology

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.