As of close of business last night, International Game Technology PLC’s stock clocked out at $21.21, down -3.72% from its previous closing price of $22.03. In other words, the price has decreased by -$0.82 from its previous closing price. On the day, 1465796 shares were traded.
Ratios:
To gain a deeper understanding of IGT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.24. In the meantime, Its Debt-to-Equity ratio is 4.11 whereas as Long-Term Debt/Eq ratio is at 4.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on March 04, 2024, Downgraded its rating to Hold and sets its target price to $30 from $31 previously.
On March 01, 2024, Truist Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $32 to $30.
Jefferies Downgraded its Buy to Hold on January 04, 2024, whereas the target price for the stock was revised from $36 to $29.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IGT now has a Market Capitalization of 4.25B and an Enterprise Value of 9.60B. As of this moment, International’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.77, and their Forward P/E ratio for the next fiscal year is 9.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 2.95. Its current Enterprise Value per Revenue stands at 2.23 whereas that against EBITDA is 6.56.
Stock Price History:
Over the past 52 weeks, IGT has reached a high of $33.99, while it has fallen to a 52-week low of $19.96. The 50-Day Moving Average of the stock is 24.61, while the 200-Day Moving Average is calculated to be 28.38.
Shares Statistics:
It appears that IGT traded 1.20M shares on average per day over the past three months and 1.25M shares per day over the past ten days. A total of 200.48M shares are outstanding, with a floating share count of 103.77M. Insiders hold about 48.24% of the company’s shares, while institutions hold 45.75% stake in the company. Shares short for IGT as of Mar 15, 2024 were 1.94M with a Short Ratio of 1.62, compared to 2.96M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.97% and a Short% of Float of 1.72%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.80, IGT has a forward annual dividend rate of 0.80. Against a Trailing Annual Dividend Yield of 3.63%, it implies a Forward Annual Dividend Yield of 3.61%. The stock’s 5-year Average Dividend Yield is 4.51. The current Payout Ratio is 104.10% for IGT, which recently paid a dividend on Apr 09, 2024 with an ex-dividend date of Mar 25, 2024. Stock splits for the company last occurred on Jul 03, 2003 when the company split stock in a 4:1 ratio.
Earnings Estimates
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.2, while EPS last year was $0.11. The consensus estimate for the next quarter is $0.31, with high estimates of $0.36 and low estimates of $0.28.
Analysts are recommending an EPS of between $2.34 and $1.08 for the fiscal current year, implying an average EPS of $1.61. EPS for the following year is $2.11, with 6 analysts recommending between $2.52 and $1.63.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $1.03B. It ranges from a high estimate of $1.04B to a low estimate of $1.01B. As of the current estimate, International Game Technology PLC’s year-ago sales were $1.03B, an estimated increase of 0.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $1.1B, an increase of 4.00% over than the figure of $0.10% in the same quarter last year. There is a high estimate of $1.11B for the next quarter, whereas the lowest estimate is $1.07B.
A total of 6 analysts have provided revenue estimates for IGT’s current fiscal year. The highest revenue estimate was $4.39B, while the lowest revenue estimate was $4.32B, resulting in an average revenue estimate of $4.35B. In the same quarter a year ago, actual revenue was $4.31B, up 1.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $4.51B in the next fiscal year. The high estimate is $4.59B and the low estimate is $4.46B. The average revenue growth estimate for next year is up 3.60% from the average revenue estimate for this year.
