News coverage about International Game Technology (NYSE:IGT) has been trending somewhat positive on Sunday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. International Game Technology earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.5972320961063 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- New video poker offering from IGT ‘Stacks the Deck’ (nwitimes.com)
- New video poker offering from IGT ‘Stacks the Deck’ – nwitimes.com (nwitimes.com)
- IGT Secures 35% Gaming Machine Floor Share at Newly Opened Casino Luckia Arica in Chile (gamblinginsider.com)
- Test Your Skills with IGT’s Texas Tea® Pinball® Slots Game (casinoscamreport.com)
- IGT secures 35% gaming machine floor share at Luckia Arica (casinocitytimes.com)
Shares of International Game Technology (NYSE:IGT) traded down $1.02 during trading on Friday, hitting $26.67. The stock had a trading volume of 1,657,936 shares, compared to its average volume of 1,951,678. The stock has a market capitalization of $5,398.81, a P/E ratio of 15.51 and a beta of 1.56. International Game Technology has a 12-month low of $17.25 and a 12-month high of $29.36. The company has a current ratio of 0.84, a quick ratio of 0.70 and a debt-to-equity ratio of 2.66.
International Game Technology (NYSE:IGT) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.24 by $0.16. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. International Game Technology had a positive return on equity of 10.68% and a negative net margin of 18.62%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. equities analysts expect that International Game Technology will post 1.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Monday, November 27th. International Game Technology’s dividend payout ratio (DPR) is presently -17.78%.
Several research analysts have issued reports on IGT shares. Argus upgraded International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Wednesday, November 29th. Deutsche Bank increased their price target on International Game Technology to $34.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Bank of America increased their price target on International Game Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, ValuEngine raised International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. International Game Technology currently has an average rating of “Buy” and an average target price of $30.70.
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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.
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