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

International Game Technology (NYSE:IGT) issued its earnings results on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.10), RTT News reports. International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The firm had revenue of $651.00 million during the quarter, compared to the consensus estimate of $657.84 million. During the same quarter in the prior year, the business posted $0.56 EPS. The firm’s revenue for the quarter 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 0.4 %

Shares of NYSE IGT traded down $0.08 during midday trading on Thursday, hitting $18.27. 814,775 shares of the company traded hands, compared to its average volume of 1,396,843. International Game Technology has a 12-month low of $16.42 and a 12-month high of $27.27. The firm has a market cap of $3.64 billion, a P/E ratio of 30.47 and a beta of 1.91. The stock has a 50-day moving average price of $17.33 and a 200 day moving average price of $19.51. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36.

International Game Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Tuesday, March 11th. International Game Technology’s payout ratio is 133.33%.

Analyst Ratings Changes

IGT has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of International Game Technology from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. StockNews.com cut International Game Technology from a “buy” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

International Game Technology Company Profile

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.