Last $12.62 USD
Change Today -1.45 / -10.31%
Volume 18.1M
IGT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

intl game technology (IGT) Snapshot

Open
$13.80
Previous Close
$14.07
Day High
$13.93
Day Low
$12.57
52 Week High
09/19/13 - $21.20
52 Week Low
04/23/14 - $12.57
Market Cap
3.1B
Average Volume 10 Days
5.1M
EPS TTM
$0.98
Shares Outstanding
246.7M
EX-Date
03/20/14
P/E TM
12.9x
Dividend
$0.44
Dividend Yield
3.25%
Current Stock Chart for INTL GAME TECHNOLOGY (IGT)

intl game technology (IGT) Details

International Game Technology, a gaming company, designs, develops, manufactures, and markets casino-style gaming equipment, systems technology, and game content for land-based and online markets worldwide. The company offers casino-style games; casino-style slot machines that determine the game play outcome at the machine; wide area progressive jackpot systems with linked machines across various casinos; and central determination system machines connected to a central server, which determines the game outcome, encompassing video lottery terminals used primarily in government-sponsored applications and electronic or video bingo machines. It also provides systems products, including infrastructure and applications for casino management, customer relationship management (CRM), player management, and server-based gaming. The company’s casino and CRM solutions comprise integrated modules for machine accounting, patron management, cage and table accounting, ticket-in/ticket-out, bonusing, table game automation, payment processing, reporting, and regulatory compliance. Its player management solutions feature customized player messaging, tournament management, and integrated marketing and business intelligence; and server-based solutions. In addition, the company provides online social gaming and real-money gaming products and services, including real-money online casino and mobile gaming systems infrastructure and applications, content licensing, and back office operational support services. Its gaming markets include Europe, the Middle East, Africa, Latin America, the Caribbean, Asia, Australia, New Zealand, and the Pacific. International Game Technology was incorporated in 1980 and is headquartered in Las Vegas, Nevada.

5,000 Employees
Last Reported Date: 11/26/13
Founded in 1980

intl game technology (IGT) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $350.0K
Chief Operations Officer
Total Annual Compensation: $450.0K
General Counsel and Corporate Secretary
Total Annual Compensation: $410.0K
Executive Vice President Global Sales
Total Annual Compensation: $408.0K
Compensation as of Fiscal Year 2013.

intl game technology (IGT) Key Developments

International Game Technology Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Reiterates Earnings Guidance for the Fiscal Year 2014; Provides Capital Expenditure Guidance for the Third Quarter and Fourth Quarter of 2014

International Game Technology reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported total revenues of $512.8 million against $600.0 million a year ago. Operating income was $72.1 million against $129.3 million a year ago. Income before tax was $42.5 million against $107.6 million a year ago. Net income was $25.7 million or $0.10 per diluted share against $78.2 million or $0.29 per diluted share a year ago. Adjusted EBITDA was $149.3 million against $222.8 million a year ago. Adjusted operating income was $107.5 million against $163.5 million a year ago. Adjusted net income was $49.4 million against $95.1 million a year ago. Adjusted earnings per share were $0.20 against $0.36 a year ago. Revenues decreased 15% to $513 million primarily due to declines in machine sales and gaming operations. Capital expenditures decreased year-over-year and sequentially to $15 million. Operating cash flow totaled $43 million before including the prepayment of royalties to Sony of $185 million. For the six months, the company reported total revenues of $1,054.0 million against $1,130.2 million a year ago. Operating income was $175.7 million against $247.7 million a year ago. Income before tax was $118.0 million against $205.4 million a year ago. Net income was $105.0 million or $0.42 per basic and diluted share against $143.5 million or $0.54 per basic and diluted share a year ago. Net operating cash out flows was $65.2 million against net operating cash in flows $182.5 million a year ago. Capital expenditures were $46.2 million against $56.4 million a year ago. Adjusted EBITDA was $324.4 million against $425.0 million a year ago. Adjusted operating income was $231.2 million against $301.0 million a year ago. Adjusted net income was $112.4 million against $171.5 million a year ago. Adjusted earnings per share were $0.45 against $0.64 a year ago. The company is reiterating its fiscal year 2014 revised guidance for adjusted earnings from continuing operations of $1.00 to $1.10 per share. However, capital expenditures for the full year are still expected to be lower than last year. Looking forward, the company expects effective tax rate to hover around 35% for the remainder of the year. The company expects an increase in third quarter and fourth quarter of 2014 capital expenditures due to the upcoming launch of new Crystal Core Cabinet.

Will Daugherty to Join IGT as General Manager of DoubleDown Interactive

IGT announced that Will Daugherty will join IGT as General Manager of DoubleDown Interactive. A seasoned veteran of the e-commerce, online travel and mobile industries, Daugherty most recently served as Vice President of Amazon Payments, where he led the business to substantial growth in number of customers and revenue. Previously, as President of Destination Services and Expedia Local Expert for Expedia Inc., Daugherty delivered sustained revenue and profit growth, established a new brand, and launched operations in multiple international markets. He has also held executive roles at AT&T Wireless and McKinsey & Company. In his new role, Daugherty will oversee the day-to-day management of DoubleDown Interactive. He will focus on continuing to grow revenue and player base while expanding distribution platforms including mobile and international.

IGT Launches New Tokidoki -Themed Games

IGT announced that it has licensed the popular tokidoki brand to develop compelling, casino slot machine content. IGT will launch new tokidoki-themed games starting in 2015 at select casino properties in Singapore and Macau. IGT will also make its tokidoki-themed games available in additional casino markets throughout the world.

 

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Industry Analysis

IGT

Industry Average

Valuation IGT Industry Range
Price/Earnings 12.9x
Price/Sales 1.5x
Price/Book 3.2x
Price/Cash Flow 9.6x
TEV/Sales 0.3x
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