International Game Technology PLC (NYSE:IGT) announced its earnings results on Monday. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. International Game Technology PLC had a return on equity of 12.42% and a net margin of 1.18%. International Game Technology PLC’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS.

Shares of International Game Technology PLC (NYSE:IGT) opened at 28.69 on Tuesday. The company has a 50 day moving average of $27.76 and a 200-day moving average of $22.49. International Game Technology PLC has a 52-week low of $12.48 and a 52-week high of $32.07. The company has a market cap of $5.77 billion, a PE ratio of 95.32 and a beta of 1.81.

Earnings History for International Game Technology PLC (NYSE:IGT)

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.79%. International Game Technology PLC’s dividend payout ratio is currently 258.06%.

Several research analysts have issued reports on the company. Telsey Advisory Group upped their price objective on International Game Technology PLC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, September 28th. Argus began coverage on International Game Technology PLC in a research note on Friday, September 16th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Bank of America Corp. increased their price target on International Game Technology PLC from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $24.58.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. boosted its position in shares of International Game Technology PLC by 37.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,188,856 shares of the company’s stock worth $22,279,000 after buying an additional 321,835 shares during the period. Credit Suisse AG boosted its position in shares of International Game Technology PLC by 9.1% in the third quarter. Credit Suisse AG now owns 1,053,283 shares of the company’s stock worth $25,680,000 after buying an additional 87,754 shares during the period. BlackRock Fund Advisors boosted its position in shares of International Game Technology PLC by 5.0% in the third quarter. BlackRock Fund Advisors now owns 840,847 shares of the company’s stock worth $20,500,000 after buying an additional 39,929 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of International Game Technology PLC by 78.5% in the second quarter. TIAA CREF Investment Management LLC now owns 804,046 shares of the company’s stock worth $15,068,000 after buying an additional 353,675 shares during the period. Finally, FMR LLC boosted its position in shares of International Game Technology PLC by 19.6% in the second quarter. FMR LLC now owns 390,141 shares of the company’s stock worth $7,311,000 after buying an additional 63,882 shares during the period. 36.21% of the stock is currently owned by institutional investors and hedge funds.

About International Game Technology PLC

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.

5 Day Chart for NYSE:IGT

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