International Game Technology (IGT) Earning Favorable Media Coverage, Report Shows

News stories about International Game Technology (NYSE:IGT) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. International Game Technology earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.7377278477788 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Several brokerages have issued reports on IGT. Deutsche Bank AG began coverage on shares of International Game Technology in a research note on Tuesday, September 26th. They set a “buy” rating and a $30.00 target price on the stock. ValuEngine raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Bank of America Corporation raised shares of International Game Technology from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $30.00 in a research note on Wednesday, September 20th. Finally, BidaskClub downgraded shares of International Game Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $28.13.

Shares of International Game Technology (NYSE:IGT) opened at $27.45 on Wednesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.71 and a current ratio of 0.85. International Game Technology has a one year low of $17.25 and a one year high of $32.07. The stock has a market cap of $4,827.96, a price-to-earnings ratio of 13.48 and a beta of 1.45.

International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Tuesday, November 14th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.16. International Game Technology had a negative net margin of 2.28% and a positive return on equity of 10.35%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business posted $0.45 earnings per share. International Game Technology’s revenue for the quarter was down 3.6% compared to the same quarter last year. equities research analysts anticipate that International Game Technology will post 1.12 earnings per share for the current year.

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, November 27th. International Game Technology’s dividend payout ratio (DPR) is presently -142.86%.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by Week Herald and is owned by of Week Herald. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://weekherald.com/2017/11/15/international-game-technology-igt-earning-favorable-media-coverage-report-shows.html.

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.

Insider Buying and Selling by Quarter for International Game Technology (NYSE:IGT)

Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply