International Game Technology (IGT) Stock Price, News & Analysis

Company Overview

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. It also designs, develops, assembles, and provides cabinets, games, systems, and software for the gaming market, as well as offers gaming management systems for casino management, such as infrastructure and applications, customer relationship management, patron management, and server-based gaming. In addition, the company provides video lottery terminals (VLT), VLT central systems, and VLT games. Further, it offers digital products, such as slot games, blackjack, roulette, poker, bingo, and other casino card games; iGaming systems and digital platforms that offer remote game server solution; and sports betting technology and management services to licensed sports betting operators. It processes commercial transactions, such as prepaid cellular telephone recharges, bill payments, e-vouchers and retail-based programs, electronic tax payments, prepaid card recharges, and stamp duty and money transfer services. The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015. The company was incorporated in 2014 and is headquartered in London, the United Kingdom. International Game Technology PLC is a subsidiary of De Agostini S.p.A.

Key Stats

• Today's Range: $21.46 to $21.88
• 50-Day Range: $20.14 to $23.77
• 52-Week Range: $18.90 to $31.85
• Volume: 1.54 million shs
• Average Volume: 1.16 million shs
• Market Capitalization: $4.31 billion
• P/E Ratio: 20.64
• Dividend Yield: 3.69%
• Price Target: $28.67
• Consensus Rating: Moderate Buy

International Game Technology Stock Analysis - MarketRank™

International Game Technology scored higher than 87% of companies evaluated by MarketBeat, and ranked 49th out of 294 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

International Game Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

International Game Technology has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 2.70%

Earnings Growth

Earnings for International Game Technology are expected to grow by 2.70% in the coming year, from $1.48 to $1.52 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of International Game Technology is 20.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.88.

Price to Earnings Ratio vs. Sector

The P/E ratio of International Game Technology is 20.64, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.43.

Price to Book Value per Share Ratio

International Game Technology has a P/B Ratio of 2.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.75% of the float of International Game Technology has been sold short.

Short Interest Ratio / Days to Cover

International Game Technology has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in International Game Technology has recently decreased by 12.84%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

International Game Technology is a leading dividend payer. It pays a dividend yield of 3.65%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

International Game Technology does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of International Game Technology is 76.19%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, International Game Technology will have a dividend payout ratio of 52.63% next year. This indicates that International Game Technology will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -0.34

Percentage of Shares Shorted

1.75% of the float of International Game Technology has been sold short.

Short Interest Ratio / Days to Cover

International Game Technology has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in International Game Technology has recently decreased by 12.84%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.70

News Sentiment

International Game Technology has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for International Game Technology this week, compared to 4 articles on an average week.

Search Interest

Only 6 people have searched for IGT on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, International Game Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.24% of the stock of International Game Technology is held by insiders.

Percentage Held by Institutions

44.33% of the stock of International Game Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IGT Stock Analysis - Frequently Asked Questions

How have IGT shares performed this year?

International Game Technology's stock was trading at $27.41 at the start of the year. Since then, IGT shares have decreased by 20.9% and is now trading at $21.67.
View the best growth stocks for 2024 here.

How were International Game Technology's earnings last quarter?

International Game Technology PLC (NYSE:IGT) posted its quarterly earnings results on Tuesday, July, 30th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. The business's revenue was down .6% on a year-over-year basis.

Who are International Game Technology's major shareholders?

Top institutional investors of International Game Technology include Massachusetts Financial Services Co. MA (3.89%), Bank of New York Mellon Corp (3.58%), TPG GP A LLC (2.78%) and Deprince Race & Zollo Inc. (1.16%).
View institutional ownership trends.

How do I buy shares of International Game Technology?

Shares of IGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of International Game Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that International Game Technology investors own include AT&T (T), Walt Disney (DIS), Bank of America (BAC), Exxon Mobil (XOM), Verizon Communications (VZ), AbbVie (ABBV) and CVS Health (CVS).

Company Calendar

• Last Earnings: 7/30/2024
• Ex-Dividend for 8/27 Dividend: 8/13/2024
• Dividend Payable: 8/27/2024
• Today: 9/21/2024
• Next Earnings (Estimated): 10/29/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Miscellaneous amusement & recreation services
• Sub-Industry: Casinos & Gaming
• Current Symbol: NYSE:IGT
• CUSIP: 45990210
• CIK: 1619762
• Web: www.igt.com
• Phone: 444013921000
• Fax: 44-20-7535-3200
• Employees: 11,016
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $28.67
• High Stock Price Target: $33.00
• Low Stock Price Target: $23.00
• Potential Upside/Downside: +32.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.05
• Trailing P/E Ratio: 20.64
• Forward P/E Ratio: 14.64
• P/E Growth: N/A
• Net Income: $156 million
• Net Margins: 4.89%
• Pretax Margin: 15.12%
• Return on Equity: 19.95%
• Return on Assets: 3.72%

Debt

• Debt-to-Equity Ratio: 2.57
• Current Ratio: 0.84
• Quick Ratio: 0.71

Sales & Book Value

• Annual Sales: $4.31 billion
• Price / Sales: 1.00
• Cash Flow: $5.76 per share
• Price / Cash Flow: 3.76
• Book Value: $9.81 per share
• Price / Book: 2.21

Miscellaneous

• Outstanding Shares: 199,079,000
• Free Float: 196,610,000
• Market Cap: $4.31 billion
• Optionable: Optionable
• Beta: 1.96