International Game Technology PLC (NYSE:IGT – Get Free Report) was the target of some unusual options trading on Friday. Traders acquired 11,673 put options on the company. This represents an increase of 318% compared to the typical volume of 2,792 put options.
Analysts Set New Price Targets
A number of research firms recently weighed in on IGT. StockNews.com downgraded International Game Technology from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Truist Financial decreased their price objective on International Game Technology from $23.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.25.
Get Our Latest Stock Analysis on IGT
Institutional Trading of International Game Technology
International Game Technology Stock Performance
IGT stock opened at $16.66 on Friday. The stock has a 50-day moving average price of $17.35 and a 200-day moving average price of $19.16. International Game Technology has a 1-year low of $16.42 and a 1-year high of $24.13. The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85. The firm has a market cap of $3.37 billion, a PE ratio of 27.76 and a beta of 1.86.
International Game Technology (NYSE:IGT – Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.10). International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The business had revenue of $651.00 million during the quarter, compared to the consensus estimate of $657.84 million. During the same period last year, the business posted $0.56 earnings per share. The business’s revenue was down 4.4% on a year-over-year basis. As a group, equities research analysts expect that International Game Technology will post 1.24 earnings per share for the current year.
International Game Technology Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Tuesday, March 11th. International Game Technology’s payout ratio is 46.78%.
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.
Featured Stories
- Five stocks we like better than International Game Technology
- What Does a Stock Split Mean?
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- How to Invest in Biotech Stocks
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
- Why is the Ex-Dividend Date Significant to Investors?
- Why Costco Stock Is Poised to Hit $1,000 Again Soon
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.