International Game Technology (IGT) to Post FY2019 Earnings of $1.20 Per Share, Jefferies Group Forecasts

International Game Technology (NYSE:IGT) – Equities researchers at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for International Game Technology in a research report issued to clients and investors on Tuesday. Jefferies Group analyst D. Katz forecasts that the company will post earnings per share of $1.20 for the year. Jefferies Group currently has a “Buy” rating and a $33.00 target price on the stock.

Other equities research analysts also recently issued reports about the company. Argus raised International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Wednesday, November 29th. Deutsche Bank lifted their target price on International Game Technology to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Bank of America lifted their target price on International Game Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, ValuEngine downgraded International Game Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. International Game Technology has an average rating of “Buy” and an average price target of $31.08.

International Game Technology (NYSE:IGT) traded up $0.48 during mid-day trading on Thursday, reaching $26.97. The company had a trading volume of 885,254 shares, compared to its average volume of 1,211,592. International Game Technology has a fifty-two week low of $17.25 and a fifty-two week high of $29.89. The firm has a market capitalization of $5,362.38, a P/E ratio of -5.99 and a beta of 1.57. The company has a current ratio of 0.84, a quick ratio of 0.70 and a debt-to-equity ratio of 2.66.

A number of hedge funds have recently added to or reduced their stakes in IGT. Northern Trust Corp boosted its holdings in International Game Technology by 0.3% during the second quarter. Northern Trust Corp now owns 287,236 shares of the company’s stock valued at $5,257,000 after purchasing an additional 887 shares in the last quarter. Vanguard Group Inc. boosted its holdings in International Game Technology by 14.1% during the second quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock valued at $47,420,000 after purchasing an additional 320,244 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in International Game Technology by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,921,569 shares of the company’s stock valued at $35,167,000 after purchasing an additional 12,899 shares in the last quarter. Voya Investment Management LLC boosted its holdings in International Game Technology by 5.3% during the second quarter. Voya Investment Management LLC now owns 30,256 shares of the company’s stock valued at $554,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in International Game Technology during the second quarter valued at approximately $1,043,000. 41.32% of the stock is currently owned by institutional investors and hedge funds.

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About International Game Technology

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.

Earnings History and Estimates for International Game Technology (NYSE:IGT)

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