How Is International Game Technology PLC (IGT)’s Price-To-Earnings Ratio?

As of Wednesday close, International Game Technology PLC’s (NYSE:IGT) stock was down -$0.17, moving down -0.90 percent to $18.77. The average number of shares traded per day over the past five days has been 1,942,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.08 fall in that time frame. In the last twenty days, the average volume was 1,954,545, while in the previous 50 days, it was 2,104,416.

Since last month, IGT stock retreated -8.88%. Shares of the company fell to $17.52 on 06/13/22, the lowest level in the past month. A 52-week high of $32.95 was reached on 02/10/22 after having rallying from a 52-week low of $17.27. Since the beginning of this year, IGT’s stock price has dropped by -35.07% or -$10.14, and marked a new high 4 times. However, the stock has declined by -43.03% since its 52-week high.


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Valuation Metrics

Right now, International Game Technology PLC (IGT) has a P/E ratio of about 59.03. The stock’s beta is 1.91. Besides these, the trailing price-to-sales (P/S) ratio of 0.89, the price-to-book (PB) ratio of 2.91, and the price-to-cash flow ratio of 6.03 may also be considered.

The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Tuesday August 11 2015, a $0.09 dividend increase was announced.

Financial Health

In the three months ended March 30, International Game Technology PLC’s quick ratio stood at 1.30, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 4.90, and the total debt-to-equity ratio was 4.93. On the profitability front, the trailing twelve-month gross margin is 47.50% percent. In the year ended March 30, operating margins totaled 21.60%. Based on annual data, IGT earned $1.96 billion in gross profit and brought in $4.09 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.70%. Return on equity (ROE) for the past 12 months was 36.70%.

In International Game Technology PLC’s quarter-end financial report for March 30, it reported total debt of $6.48 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IGT’s revenue rose 23.81% during the quarter, while net income inched up to $4.09 billion. While analysts expected International Game Technology PLC to report $0.33 quarterly earnings, the actual figure was $0.96 per share, beating the consensus estimate by 190.90%. During the quarter, the company generated $427.0 million in EBITDA. The liabilities of International Game Technology PLC were 9.41 billion at the end of its most recent quarter ended March 30, and its total debt was $6.87 billion.

Technical Picture

This quick technical analysis looks at International Game Technology PLC’s (IGT) price momentum. With a historical volatility rate of 69.07%, the RSI 9-day stood at 40.33% on 22 June.

With respect to its five-day moving average, the current International Game Technology PLC price is down by -0.42% percent or -$0.08. At present, IGT shares trade -9.02% below its 20-day simple moving average and -25.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.57% below its SMA50 and -11.71% below its SMA200.

Stochastic coefficient K was 26.34% and Stochastic coefficient D was 23.57%, while ATR was 1.16. Given the Stochastic reading of 25.86% for the 14-day period, the RSI (14) reading has been calculated as 41.70%. As of today, the MACD Oscillator reading stands at -0.28, while the 14-day reading stands at -1.24.

Analyst Ratings

Jefferies upgraded its rating on International Game Technology PLC (NYSE: IGT) to a Buy in a note to investors on May 12, 2022. The analysts firm previously had a Hold rating on the stock.International Game Technology PLC (IGT) has been rated Buy by analysts. According to 0 brokerage firms, IGT is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate International Game Technology PLC stock as buy, with 7 recommending it as overweight.

With a median target price of $36.00, the current consensus forecast for the stock is $26.00 – $62.00. Based on these forecasts, analysts predict International Game Technology PLC (IGT) will achieve an average price target of $36.54.

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