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International Game Technology PLC (NYSE:IGT) shares have reached a 52-week low, dipping to $16.4 as the gaming company faces headwinds in the market. Trading at a P/E ratio of 8.65 with a notable dividend yield of 4.86%, IGT has maintained dividend payments for 11 consecutive years. This latest price level reflects a significant downturn from the stock’s performance over the past year, with IGT experiencing a 1-year change decrease of -27.14%. Investors are closely monitoring the stock as it navigates through the current economic landscape, which has been marked by increased volatility and shifting industry dynamics. The 52-week low serves as a critical point of interest for both the company and its shareholders, as they assess the potential for recovery and future growth. Analyst price targets range from $19 to $30, suggesting potential upside. InvestingPro analysis reveals 12 additional key insights about IGT’s financial health and growth prospects.
In other recent news, International Game Technology (IGT) reported its fourth-quarter 2024 earnings, surpassing analyst expectations for earnings per share (EPS) but falling short on revenue. The company posted an EPS of $0.22, exceeding the forecast of $0.19, while revenue was $651 million, below the anticipated $660 million. Additionally, IGT announced the sale of its gaming and digital business for $4 billion, a strategic move to focus on its core lottery operations. In terms of strategic initiatives, the company has launched new iLottery and cloud-based solutions to bolster its offerings. For 2025, IGT projects revenue between $2.55 billion and $2.65 billion, with adjusted EBITDA expected to range from $1.1 billion to $1.15 billion. The company is concentrating on renewing key contracts and expanding its iLottery platform, which saw a 28% sales increase in Q4 2024. Analysts from firms such as Stifel have shown interest in the company’s financial strategies, especially regarding the $25 million investment into new contract extensions and growth initiatives.
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