News coverage about International Game Technology (NYSE:IGT) has been trending positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. International Game Technology earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.7656479188968 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- What Does Igoria Trade SA.’s (WSE:IGT) Ownership Structure Look Like? (finance.yahoo.com)
- Gambling vendor exec next to lead North Carolina lottery (marketbeat.com)
- IGT Signs Patent Cross-License Agreement With The NOVOMATIC Group (finance.yahoo.com)
- $1B loss casts long shadow on IGT 2017 revenue (calvinayre.com)
- Q1 2018 EPS Estimates for International Game Technology Lifted by Jefferies Group (IGT) (americanbankingnews.com)
Shares of International Game Technology (IGT) traded up $0.45 during mid-day trading on Wednesday, hitting $30.37. 930,280 shares of the stock traded hands, compared to its average volume of 1,300,566. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.75 and a current ratio of 0.83. International Game Technology has a 52-week low of $17.25 and a 52-week high of $30.62. The firm has a market cap of $6,016.23, a price-to-earnings ratio of 19.55 and a beta of 1.62.
International Game Technology (NYSE:IGT) last released its earnings results on Thursday, March 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.37). International Game Technology had a positive return on equity of 9.98% and a negative net margin of 21.64%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company earned $0.88 earnings per share. International Game Technology’s quarterly revenue was up 1.9% compared to the same quarter last year. analysts forecast that International Game Technology will post 1.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 22nd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Wednesday, March 21st. International Game Technology’s dividend payout ratio (DPR) is -15.21%.
A number of research analysts recently issued reports on IGT shares. Bank of America boosted their target price on shares of International Game Technology from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Deutsche Bank upped their price objective on shares of International Game Technology to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. ValuEngine downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Jefferies Group assumed coverage on shares of International Game Technology in a research report on Tuesday, February 20th. They set a “buy” rating and a $33.00 price target for the company. Finally, Argus raised shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.25.
About International Game Technology
International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.
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