International Game Technology (NYSE:IGT) Issues Quarterly Earnings Results, Misses Expectations By $0.10 EPS

International Game Technology (NYSE:IGT) announced its quarterly earnings data on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10), RTT News reports. The firm had revenue of $651.00 million during the quarter, compared to the consensus estimate of $657.84 million. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. International Game Technology updated its FY 2025 guidance to EPS.

International Game Technology Price Performance

International Game Technology stock traded down $0.44 during midday trading on Tuesday, reaching $17.33. 134,472 shares of the stock were exchanged, compared to its average volume of 1,333,228. The company’s fifty day moving average is $17.30 and its 200-day moving average is $19.55. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36. The firm has a market cap of $3.45 billion, a PE ratio of 28.91 and a beta of 1.91. International Game Technology has a 52 week low of $16.42 and a 52 week high of $27.27.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IGT. StockNews.com raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Truist Financial lowered their target price on shares of International Game Technology from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

International Game Technology Company Profile

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.