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Saturday, June 3, 2023

Is International Game Technology PLC (NYSE: IGT) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for International Game Technology PLC (IGT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.40, or 1.63%, to $24.99. The International Game Technology PLC has recorded 31,647 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that IGT Upgrades WestLotto Central Lottery System with Aurora Deployment.

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Stocks Info

IGT belongs to the Consumer Cyclical sector of the NYSE while operating in the Gambling industry. The current market capitalization of International Game Technology PLC is $4.96B. A total of 1.45 million shares were traded on the day, compared to an average of 1.42M shares.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. International Game Technology PLC pays an annual dividend of $0.80, resulting in a dividend yield of 3.25%, and it has a price to earnings (P/E) ratio of 22.92. IGT’s most recent ex-dividend date was 5/24/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 6/8/2023. Previously, the company paid the dividend on 3/28/2023 with an ex-dividend date of 3/13/2023. The IGT stock dividend was $0.20 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for IGT in the last 3 months, the mean price target is $35.42 with high estimates of $66.00 and low estimates of $27.60. In terms of 52-week highs and lows, IGT has a high of $28.98 and a low of $15.01.

As of this writing, IGT has an earnings estimate of $0.33 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.4 per share and a lower estimate of $0.31. The company reported an EPS of -$0.32 in the last quarter, which was -210.30% lower than expectations of $0.29.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. IGT’s latest balance sheet shows that the firm has $591.00M in Cash & Short Term Investments as of fiscal 2021. There were $6.80B in debt and $1.92B in liabilities at the time. Its Book Value Per Share was $7.17, while its Total Shareholder’s Equity was $1.97B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IGT is Buy with a score of 5.00.

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