Media stories about International Game Technology (NYSE:IGT) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. International Game Technology earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 81 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- IHS Markit Score Update: Drop in demand for ETFs holding International Game Technology PLC is a negative sign for its shares (finance.yahoo.com)
- International Game Technology goes ex-dividend tomorrow (seekingalpha.com)
- International Game Technology (IGT) Ex-Dividend Date Scheduled for August 09, 2017 – Nasdaq (nasdaq.com)
- Blue Apron, Philip Morris, Honeywell, Becton Dickinson: ‘Mad Money’ Lightning Round – TheStreet.com (thestreet.com)
- Cramer’s lightning round: Don’t sell this tobacco stock despite the new restrictions (finance.yahoo.com)
International Game Technology (IGT) traded down 0.56% during midday trading on Friday, hitting $19.48. The stock had a trading volume of 706,136 shares. The stock has a 50-day moving average price of $19.12 and a 200 day moving average price of $22.06. The firm’s market cap is $3.95 billion. International Game Technology has a 12-month low of $17.25 and a 12-month high of $32.07.
International Game Technology (NYSE:IGT) last released its earnings results on Tuesday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.17. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. International Game Technology’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. On average, equities analysts anticipate that International Game Technology will post $1.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Friday, August 11th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Wednesday, August 9th. International Game Technology’s payout ratio is currently -142.86%.
Several research firms have commented on IGT. BidaskClub upgraded International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine lowered International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Telsey Advisory Group cut their price objective on International Game Technology from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 26th. Wells Fargo & Company reiterated a “market perform” rating and set a $25.50 price objective on shares of International Game Technology in a research note on Wednesday, April 19th. Finally, Bank of America Corporation restated a “neutral” rating and issued a $27.00 price target (up from $22.00) on shares of International Game Technology in a research report on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.38.
International Game Technology Company Profile
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.
What are top analysts saying about International Game Technology? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for International Game Technology and related companies.