After finishing at $24.68 in the prior trading day, International Game Technology PLC (NYSE: IGT) closed at $24.73, up 0.20%. In other words, the price has increased by $+0.05 from its previous closing price. On the day, 1180606 shares were traded. IGT stock price reached its highest trading level at $25.02 during the session, while it also had its lowest trading level at $24.36.
Ratios:
Our goal is to gain a better understanding of IGT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.27. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 4.05 whereas as Long-Term Debt/Eq ratio is at 3.79.
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 4.96B and an Enterprise Value of 10.44B. As of this moment, International’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.22, and their Forward P/E ratio for the next fiscal year is 12.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 3.33. Its current Enterprise Value per Revenue stands at 2.44 whereas that against EBITDA is 6.51.
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 $22.30. The 50-Day Moving Average of the stock is 26.25, while the 200-Day Moving Average is calculated to be 28.88.
Shares Statistics:
The stock has traded on average 890.35K shares per day over the past 3-months and 1.37M shares per day over the last 10 days, according to various share statistics. A total of 199.08M shares are outstanding, with a floating share count of 104.63M. Insiders hold about 47.81% of the company’s shares, while institutions hold 45.77% stake in the company. Shares short for IGT as of Feb 15, 2024 were 2.96M with a Short Ratio of 3.33, compared to 3.32M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.48% and a Short% of Float of 2.73%.
Dividends & Splits
In the trailing 12 months, IGT’s forward annual dividend rate was 0.80, compared to 0.80 this year. Against a Trailing Annual Dividend Yield of 3.24%, it implies a Forward Annual Dividend Yield of 3.23%. The stock’s 5-year Average Dividend Yield is 4.51. The current Payout Ratio is 59.18% for IGT, which recently paid a dividend on Dec 13, 2023 with an ex-dividend date of Nov 28, 2023. Stock splits for the company last occurred on Jul 03, 2003 when the company split stock in a 4:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.5 and a low estimate of $0.34, while EPS last year was -$0.32. The consensus estimate for the next quarter is $0.45, with high estimates of $0.46 and low estimates of $0.44.
Analysts are recommending an EPS of between $1.92 and $1.11 for the fiscal current year, implying an average EPS of $1.44. EPS for the following year is $1.8, with 5 analysts recommending between $1.98 and $1.6.
Revenue Estimates
5 analysts predict $1.11B in revenue for the current quarter. It ranges from a high estimate of $1.12B to a low estimate of $1.09B. As of the current estimate, International Game Technology PLC’s year-ago sales were $1.09B, an estimated increase of 1.30% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $1.08B, an increase of 5.00% over than the figure of $1.30% in the same quarter last year. There is a high estimate of $1.1B for the next quarter, whereas the lowest estimate is $1.03B.
A total of 6 analysts have provided revenue estimates for IGT’s current fiscal year. The highest revenue estimate was $4.3B, while the lowest revenue estimate was $4.27B, resulting in an average revenue estimate of $4.29B. In the same quarter a year ago, actual revenue was $4.22B, up 1.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $4.4B in the next fiscal year. The high estimate is $4.47B and the low estimate is $4.3B. The average revenue growth estimate for next year is up 2.70% from the average revenue estimate for this year.
