Equities analysts predict that Worldwide Recreation Know-how PLC (NYSE:IGT – Get Score) will announce earnings of $.35 for each share for the recent quarter, in accordance to Zacks Financial investment Investigation. Four analysts have issued estimates for Intercontinental Video game Technology’s earnings, with the optimum EPS estimate coming in at $.52 and the least expensive estimate coming in at $.25. Global Game Technological innovation posted earnings for every share of ($.48) in the similar quarter very last calendar year, which signifies a constructive yr about yr progress charge of 172.9%. The business is scheduled to announce its upcoming quarterly earnings benefits on Monday, January 1st.
On regular, analysts assume that International Game Technology will report entire-year earnings of $1.40 for each share for the present-day fiscal yr, with EPS estimates ranging from $1.02 to $1.92. For the following fiscal yr, analysts forecast that the firm will write-up earnings of $1.77 for each share, with EPS estimates ranging from $1.03 to $2.38. Zacks’ earnings for every share calculations are an common dependent on a study of market-side analysts that cover Worldwide Game Know-how.
Intercontinental Game Know-how (NYSE:IGT – Get Rating) very last posted its quarterly earnings knowledge on Tuesday, May 10th. The firm described $.39 earnings for every share for the quarter, topping the consensus estimate of $.33 by $.06. The enterprise experienced earnings of $1.05 billion for the duration of the quarter, in comparison to analyst estimates of $1.04 billion. International Sport Technological innovation experienced a internet margin of 11.37% and a return on fairness of 3.35%. The company’s earnings was up 3.5% on a calendar year-over-12 months foundation. In the course of the exact same quarter past 12 months, the company posted $.38 earnings per share.
Numerous equities investigation analysts have weighed in on the stock. Deutsche Lender Aktiengesellschaft slice their concentrate on price on shares of Intercontinental Match Know-how from $39.00 to $37.00 in a report on Wednesday, Could 11th. Jefferies Fiscal Team upgraded shares of Intercontinental Sport Technologies from a “hold” rating to a “buy” score and dropped their selling price objective for the stock from $30.00 to $26.00 in a report on Thursday, May 12th. StockNews.com upgraded shares of International Game Technologies from a “hold” score to a “buy” ranking in a report on Tuesday, May possibly 10th. Eventually, Credit Suisse Team raised their price tag goal on shares of International Sport Technological know-how from $59.00 to $63.00 and gave the stock an “outperform” score in a report on Wednesday, March 2nd. Six investigate analysts have rated the inventory with a buy ranking, Based on information from MarketBeat.com, the inventory at the moment has a consensus score of “Buy” and an average focus on cost of $40.80.
IGT opened at $20.60 on Monday. Intercontinental Video game Technological know-how has a a single yr low of $17.27 and a a single calendar year higher of $32.95. The inventory has a sector capitalization of $4.20 billion, a P/E ratio of 9.04 and a beta of 1.93. The corporation has a financial debt-to-fairness ratio of 3.51, a existing ratio of 1.43 and a rapid ratio of 1.33. The company’s 50 working day simple going common is $23.04 and its 200-working day very simple shifting normal is $25.94.
The organization also not long ago introduced a quarterly dividend, which will be paid out on Tuesday, June 7th. Traders of record on Tuesday, May perhaps 24th will be issued a dividend of $.20 for each share. This signifies a $.80 annualized dividend and a dividend produce of 3.88%. The ex-dividend date of this dividend is Monday, Might 23rd. Global Activity Technology’s payout ratio is 35.09%.
A variety of hedge money and other institutional investors have just lately bought and offered shares of the business enterprise. Parkside Economical Lender & Belief elevated its situation in shares of Intercontinental Recreation Technology by 84.9% in the 1st quarter. Parkside Fiscal Financial institution & Trust now owns 1,163 shares of the company’s inventory valued at $29,000 immediately after acquiring an added 534 shares in the last quarter. Northwestern Mutual Wealth Administration Co. obtained a new situation in shares of Worldwide Activity Technological innovation in the 1st quarter valued at close to $34,000. Steward Companions Expense Advisory LLC lifted its place in shares of Intercontinental Video game Engineering by 100.% in the 4th quarter. Steward Associates Financial commitment Advisory LLC now owns 1,200 shares of the company’s stock valued at $35,000 following purchasing an added 600 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new posture in shares of Global Game Technological innovation in the 1st quarter valued at somewhere around $49,000. Last but not least, Dim Forest Funds Management LP acquired a new placement in International Video game Know-how all through the 3rd quarter value somewhere around $54,000. 44.33% of the stock is owned by hedge resources and other institutional buyers.
International Match Know-how Company Profile (Get Score)
Intercontinental Match Engineering PLC operates and provides gaming engineering items and products and services in North The united states, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Worldwide Lottery, Worldwide Gaming, and Electronic & Betting. The enterprise styles, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds concerning the retailer and lottery authority gives online lottery transaction processing devices generates instantaneous ticket online games and features printing services, these kinds of as instant ticket marketing programs and graphic design, programming, packaging, shipping, and delivery solutions.
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