International Game Technology (NYSE:IGT):
International Game Technology PLC Reports Third Quarter 2017 Results.
The company is so far trading unchanged by 0.00% since yesterday’s close of 15.57.
International Game Technology PLC (IGT PLC), launched on July 11, 2014, is an end-to-end gaming company. The Company is involved in operating and providing an integrated portfolio of technology products and services across various gaming markets, including lottery management services, online and instants lotteries, electronic gaming machines, sports betting, interactive gaming and commercial services. Its segments are North America Gaming and Interactive (NAGI), North America Lottery, International and Italy. IGT PLC provides business-to-consumer (B2C) and business-to-business (B2B) products and services to customers in approximately 100 countries. IGT PLC also licenses certain trademarks from third parties, such as Wheel of Fortune, Jeopardy!, Life is Good, Circuit of the Americas, Ghostbusters, Gas Monkey Garage, The Three Stooges, Plants v. Zombies, Bejeweled, Zuma Caesars, Harrah’s, Rio, Paris Las Vegas and Horseshoe. Its lottery services are provided through concession or operator contracts (also referred to as lottery management services arrangements), facilities management contracts and product sales contracts. IGT PLC supplies a range of solutions for online, draw-based, and instant ticket lotteries to over 100 customers across the world. IGT PLC designs, sells and operates a suite of lottery-enabled point-of-sale terminals that are electronically linked with a centralized transaction processing system that reconciles lottery funds between the retailer, where a transaction is enabled, and the lottery authority. Among those solutions, IGT PLC provides and operates online lottery transaction processing systems, which are capable of processing over 500,000 transactions per minute. IGT PLC provides over 500,000 point-of-sale devices to lottery customers and lotteries that IGT PLC supports across the world..
As of the latest earnings report the EPS was $-1.95 with 671.70M shares currently outstanding.
Investors are feeling more bearish lately considering the uptick in short interest. The stock had a rise in short interest of 3.66% as of October 31, 2017 from the last reporting period. Short interest increased 143,092 over that period. The days to cover decreased to 2.0 and the percentage of shorted shares is 0.01% as of October 31.
Several investment firms have issued ratings on the stock recently. Equity analyst Deutsche Bank AG updated its forecast on IGT giving it an initial rating of “Buy”.