International Game Technology O (NYSE:IGT):
International Game Technology Announces Tender Offer For Any And All Of Its $500 Million 7.50% Notes Due 2019.
In the market the company is trading unchanged since yesterday’s close of $18.
The company announced a dividend which will be paid on Thursday the 22nd of June 2017. The dividend will be $0.200 per share for the quarter or $0.80 annualized. This dividend amount will represent a yeild of $4.44. The ex-dividend date will be on Tuesday June 6th, 2017.
International Game Technology PLC (IGT PLC), launched on July 11, 2014, is an end-to-end gaming company. The Company is involved in operating and providing an integrated portfolio of technology products and services across various gaming markets, including lottery management services, online and instants lotteries, electronic gaming machines, sports betting, interactive gaming and commercial services. Its segments are North America Gaming and Interactive (NAGI), North America Lottery, International and Italy. IGT PLC provides business-to-consumer (B2C) and business-to-business (B2B) products and services to customers in approximately 100 countries. IGT PLC also licenses certain trademarks from third parties, such as Wheel of Fortune, Jeopardy!, Life is Good, Circuit of the Americas, Ghostbusters, Gas Monkey Garage, The Three Stooges, Plants v. Zombies, Bejeweled, Zuma Caesars, Harrah’s, Rio, Paris Las Vegas and Horseshoe. Its lottery services are provided through concession or operator contracts (also referred to as lottery management services arrangements), facilities management contracts and product sales contracts. IGT PLC supplies a range of solutions for online, draw-based, and instant ticket lotteries to over 100 customers across the world. IGT PLC designs, sells and operates a suite of lottery-enabled point-of-sale terminals that are electronically linked with a centralized transaction processing system that reconciles lottery funds between the retailer, where a transaction is enabled, and the lottery authority. Among those solutions, IGT PLC provides and operates online lottery transaction processing systems, which are capable of processing over 500,000 transactions per minute. IGT PLC provides over 500,000 point-of-sale devices to lottery customers and lotteries that IGT PLC supports across the world..
The stock last traded at $18.00 a tad below the 50 day moving average of $20.49 and a tad under the 200 day moving average of $24.24. The 50 day moving average went down $-2.49 or -12.17% and the 200 day average went down by -25.73%.
The company’s P/E ratio is 14.60 and the market value is 3.64B. As of the last earnings report the EPS was $1.23 and is expected to be $1.55 for the current year with 202,479,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.42 and the next full year EPS is anticipated to be $1.78.
Several Wall Street analysts have released ratings on IGT. On September 16, 2016 Argus Research added IGT to its research portfolio with a rating of “Buy” and establishing a price target of $30.00. On September 13 Bank of America kept the stock rating at “Buy” and raised the price expectation from $24.00 to $27.00.
On August 19 analysts at Goldman Sachs started covering IGT with an initial rating of “Sell” and setting a price target of $15.50. On August 18 the company was downgraded from “” to “Underperform” by Sterne Agee CRT.
Equity analyst Bank of America started coverage giving it an initial rating of “Buy” and a price target of $24.00. Telsey Advisory starting coverage on IGT by announcing an initial rating of “Market Perform” and price target of $16.00.