Analysis of International Game Technology PLC (IGT)’s performance, earnings and valuation

International Game Technology PLC [IGT] stock prices are up 1.18% to $25.67 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IGT shares have gain 3.84% over the last week, with a monthly amount glided 13.53%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

International Game Technology PLC [NYSE: IGT] stock has seen the most recent analyst activity on May 12, 2022, when Jefferies upgraded its rating to a Buy and also revised its price target to $26 from $30. Previously, Stifel started tracking the stock with Buy rating on December 17, 2021, and set its price target to $43. On November 17, 2021, downgrade downgraded it’s rating to Hold and revised its price target to $33 on the stock. Berenberg started tracking the stock assigning a Buy rating and suggested a price target of $35 on October 19, 2021. Jefferies upgraded its rating to Buy for this stock on January 19, 2021, but kept the price target unchanged to $24. In a note dated January 12, 2021, Argus upgraded an Buy rating on this stock but restated the target price of $21.

The stock price of International Game Technology PLC [IGT] has been fluctuating between $15.01 and $30.84 over the past year. Currently, Wall Street analysts expect the stock to reach $30.49 within the next 12 months. International Game Technology PLC [NYSE: IGT] shares were valued at $25.67 at the most recent close of the market. An investor can expect a potential return of 18.78% based on the average IGT price forecast.

Analyzing the IGT fundamentals

The most recent quarter, International Game Technology PLC [NYSE:IGT] reported sales of 1.06 billion, representing a surge of 7.70%. Gross Margin for this corporation currently stands at +47.88% with Operating Margin at +22.25%, Pretax Margin comes in at +12.94%, and Net Margin reading is +1.59%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.32 points at the first support level, and at 24.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.96, and for the 2nd resistance point, it is at 26.25.

International Game Technology PLC [IGT] reported earnings per share of -$0.02 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.3/share, meaning a difference of -$0.32 and a surprise factor of -106.70%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.39 per share as compared to estimates of $0.33 per share, a difference of $0.06 representing a surprise of 18.20%.

Ratios To Look Out For

It’s worth pointing out that International Game Technology PLC [NYSE:IGT]’s Current Ratio is 1.20. Further, the Quick Ratio stands at 1.20, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.46, the price to book ratio is 4.59 and the P/E (TTM) ratio is 14.57.