Equities research analysts expect International Game Technology (NYSE:IGT) to announce sales of $1.25 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for International Game Technology’s earnings, with the highest sales estimate coming in at $1.28 billion and the lowest estimate coming in at $1.23 billion. International Game Technology posted sales of $1.32 billion in the same quarter last year, which suggests a negative year over year growth rate of 5.3%. The company is expected to announce its next earnings report on Thursday, March 8th.
According to Zacks, analysts expect that International Game Technology will report full year sales of $1.25 billion for the current financial year, with estimates ranging from $4.82 billion to $4.87 billion. For the next year, analysts expect that the company will post sales of $4.88 billion per share, with estimates ranging from $4.83 billion to $4.92 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for International Game Technology.
International Game Technology (NYSE:IGT) last released its quarterly earnings results on Tuesday, November 14th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.16. International Game Technology had a positive return on equity of 10.68% and a negative net margin of 18.62%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company posted $0.45 earnings per share. The business’s revenue was down 3.6% on a year-over-year basis.
International Game Technology (IGT) opened at $27.19 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.70 and a debt-to-equity ratio of 2.66. International Game Technology has a twelve month low of $17.25 and a twelve month high of $29.89. The stock has a market capitalization of $5,504.08, a PE ratio of 15.81 and a beta of 1.57.
A number of large investors have recently made changes to their positions in IGT. DekaBank Deutsche Girozentrale lifted its position in International Game Technology by 101.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,790 shares of the company’s stock valued at $116,000 after purchasing an additional 2,911 shares during the period. Cerebellum GP LLC acquired a new stake in International Game Technology in the fourth quarter valued at about $123,000. State of Alaska Department of Revenue acquired a new stake in International Game Technology in the fourth quarter valued at about $169,000. Investors Research Corp acquired a new stake in International Game Technology in the fourth quarter valued at about $212,000. Finally, Sigma Planning Corp acquired a new stake in International Game Technology in the third quarter valued at about $214,000. Hedge funds and other institutional investors own 41.32% of the company’s stock.
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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