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

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

International Game Technology Stock Performance

Shares of International Game Technology stock traded down $0.44 on Tuesday, reaching $17.33. 134,472 shares of the company traded hands, compared to its average volume of 1,333,228. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.36 and a quick ratio of 2.31. The firm has a market capitalization of $3.45 billion, a PE ratio of 28.91 and a beta of 1.91. The company has a 50 day moving average of $17.30 and a 200 day moving average of $19.55. International Game Technology has a 52 week low of $16.42 and a 52 week high of $27.27.

Analyst Ratings Changes

Several equities analysts have commented on IGT shares. 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 decreased their price target on International Game Technology from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, International Game Technology has a consensus rating of “Moderate Buy” and an average target price 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.