International Game Technology (IGT) Expected to Announce Quarterly Earnings on Tuesday

International Game Technology (NYSE:IGT) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect International Game Technology to post earnings of $0.32 per share and revenue of $657.84 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

International Game Technology Trading Down 1.3 %

Shares of IGT opened at $17.96 on Monday. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 29.93 and a beta of 1.91. 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 has a fifty-two week low of $16.42 and a fifty-two week high of $27.27. The firm has a 50 day moving average price of $17.31 and a 200-day moving average price of $19.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Truist Financial lowered their price objective on shares of International Game Technology from $23.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

About International Game Technology

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.