Analyzing International Game Technology PLC (IGT)’s Gross, Operating, Pretax, and Net Margins

As of right now, International Game Technology PLC [IGT] is trading at $32.58, up 0.03%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IGT shares have gain 6.16% over the last week, with a monthly amount glided 5.13%, and seem to be holding up well over a long-time horizon.

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On 30, August 2023, IGT Enhances iLottery in Lithuania with Remote Game Server and Compelling eInstants. In a post published today on Yahoo Finance, International Game Technology PLC (“IGT”) (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has signed a contract with EULOTO UAB (“Euloto”), the operator providing lottery in the Republic of Lithuania. As part of the agreement, IGT will deploy its advanced cloud-based remote game server (RGS) and at least 12 eInstant games each year.

From an analyst’s perspective:

International Game Technology PLC [NYSE: IGT] stock has seen the most recent analyst activity on May 11, 2023, when Susquehanna upgraded its rating to a Positive but kept the price target unchanged to $31 for it.

Through the last year, International Game Technology PLC’s stock price ranged from $15.01 to $33.99. Currently, Wall Street analysts expect the stock to reach $38.23 within the next 12 months. International Game Technology PLC [NYSE: IGT] shares were valued at $32.58 at the most recent close of the market. An investor can expect a potential return of 17.34% based on the average IGT price forecast.

Analyzing the IGT fundamentals

For International Game Technology PLC, (IGT), the latest quarter sales were 1.05 billion, which represents an 0.90% increase. During this period, the public company’s revenue per employee was $391,711, while its income per employee was $25,496. Gross Margin for this corporation currently stands at +47.34% with Operating Margin at +22.04%, Pretax Margin comes in at +13.94%, and Net Margin reading is +6.51%. To continue investigating profitability, this company’s Return on Assets is posted at 2.53, Equity is 20.29, Total Capital is 11.06, and Invested Capital is 3.57. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 80.83 and enduring liabilities to the whole assets at 57.77.

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 32.25 points at the first support level, and at 31.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.91, and for the 2nd resistance point, it is at 33.24.

International Game Technology PLC [IGT] reported earnings per share of $0.23 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.34/share, meaning a difference of -$0.11 and a surprise factor of -32.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.11 per share as compared to estimates of $0.38 per share, a difference of -$0.27 representing a surprise of -71.10%.

Ratios To Look Out For

It is important to note that International Game Technology PLC [NYSE:IGT] has a current ratio of 1.00. In addition, the Quick Ratio stands at 1.00 and the Cash Ratio stands at 0.40. Considering the valuation of this stock, the price to sales ratio is 1.09, the price to book ratio is 3.16 and the P/E (TTM) ratio is 24.68.