Zona de Azar UK – International Game Technology (IGT) Expected to Announce Quarterly Sales of $1.25 Billion
UK.- February 08, 2018 www.zonadeazar.com Brokerages forecast that International Game Technology (NYSE:IGT) will report sales of $1.25 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for International Game Technology’s earnings. The lowest sales estimate is $1.23 billion and the highest is $1.28 billion. International Game Technology posted sales of $1.32 billion during the same quarter last year, which would indicate a negative year over year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 8th.
On average, analysts expect that International Game Technology will report full year sales of $1.25 billion for the current fiscal year, with estimates ranging from $4.82 billion to $4.87 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.88 billion per share, with estimates ranging from $4.83 billion to $4.92 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow International Game Technology.
International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.16. International Game Technology had a negative net margin of 18.62% and a positive return on equity of 10.68%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. International Game Technology’s revenue was down 3.6% compared to the same quarter last year.
International Game Technology (NYSE IGT) traded up $0.28 on Friday, reaching $28.05. 2,120,062 shares of the company traded hands, compared to its average volume of 1,201,782. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.84 and a quick ratio of 0.70. The company has a market capitalization of $5,620.00 and a PE ratio of 16.77. International Game Technology has a 1-year low of $17.25 and a 1-year high of $29.89.
About International Game Technology
International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.
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