With 2.21 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.27 million shares. The 52-week range on IGT shows that it touched its highest point at $27.27 and its lowest point at $16.42 during that stretch. It currently has a 1-year price target of $23.80. With its current market cap of 3.62 billion, IGT has annualized dividend of $0.80 while the current yield stands at 4.46%. Beta for the stock currently stands at 1.87.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IGT was down-trending over the past week, with a drop of -1.54%, but this was up by 4.86% over a month. Three-month performance dropped to -6.86% while six-month performance fell -19.50%. The stock lost -29.92% in the past year, while it has gained 1.47% so far this year. A look at the trailing 12-month EPS for IGT yields 1.71 with Next year EPS estimates of 1.44. For the next quarter, that number is 0.20. This implies an EPS growth rate of 54.27% for this year and 38.90% for next year.
Float and Shares Shorts:
At present, 201.86 million IGT shares are outstanding with a float of 112.02 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IGT since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.56596 being high and $1.03594 being low. For IGT, this leads to a yearly average estimate of $1.30095. Based on analyst estimates, the high estimate for the next quarter is $0.23 and the low estimate is $0.23. The average estimate for the next quarter is thus $0.23.
