International Game Technology PLC (NYSE: IGT) closed the day trading at $20.78 down -3.53% from the previous closing price of $21.54. In other words, the price has decreased by -$0.76 from its previous closing price. On the day, 1269309 shares were traded.
Ratios:
For a better understanding of IGT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.53. 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.
On March 04, 2024, Stifel Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $31 to $30.
Truist Downgraded its Buy to Hold on March 01, 2024, whereas the target price for the stock was revised from $32 to $30.
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 4.32B and an Enterprise Value of 9.67B. As of this moment, International’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.21, and their Forward P/E ratio for the next fiscal year is 9.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.97 while its Price-to-Book (P/B) ratio in mrq is 2.89. Its current Enterprise Value per Revenue stands at 2.24 whereas that against EBITDA is 6.61.
Stock Price History:
The Beta on a monthly basis for IGT is 1.95, which has changed by -22.98% over the last 52 weeks, in comparison to a change of 24.47% over the same period for the S&P500. 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 24.07, while the 200-Day Moving Average is calculated to be 28.15.
Shares Statistics:
Over the past 3-months, IGT traded about 1.20M shares per day on average, while over the past 10 days, IGT traded about 1.28M shares per day. 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 45.74% stake in the company. Shares short for IGT as of Mar 15, 2024 were 1.94M with a Short Ratio of 1.20, 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
IGT’s forward annual dividend rate is 0.80, up from 0.80 a year ago. Against a Trailing Annual Dividend Yield of 3.71%, 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
Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.28 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 $1.59. EPS for the following year is $2.08, with 7 analysts recommending between $2.52 and $1.63.
Revenue Estimates
5 analysts predict $1.03B in revenue for the current quarter. 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 0.20% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $1.09B, an increase of 3.30% over than the figure of $0.20% in the same quarter last year. There is a high estimate of $1.11B for the next quarter, whereas the lowest estimate is $1.06B.
A total of 7 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 0.90% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $4.5B in the next fiscal year. The high estimate is $4.59B and the low estimate is $4.43B. The average revenue growth estimate for next year is up 3.50% from the average revenue estimate for this year.
