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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.27
IGT's Cash to Debt is ranked lower than
62% of the 1618 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 25.64 vs. IGT: 0.27 )
IGT' s 10-Year Cash to Debt Range
Min: 0.1   Max: 2.1
Current: 0.27

0.1
2.1
Equity to Asset 0.25
IGT's Equity to Asset is ranked lower than
61% of the 1589 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 0.60 vs. IGT: 0.25 )
IGT' s 10-Year Equity to Asset Range
Min: 0   Max: 0.64
Current: 0.25

0
0.64
Interest Coverage 4.00
IGT's Interest Coverage is ranked lower than
62% of the 1077 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 403.68 vs. IGT: 4.00 )
IGT' s 10-Year Interest Coverage Range
Min: 1.6   Max: 14.27
Current: 4

1.6
14.27
F-Score: 7
Z-Score: 1.43
M-Score: -2.69
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 21.10
IGT's Operating margin (%) is ranked higher than
93% of the 1604 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 5.48 vs. IGT: 21.10 )
IGT' s 10-Year Operating margin (%) Range
Min: 13.62   Max: 32.96
Current: 21.1

13.62
32.96
Net-margin (%) 11.65
IGT's Net-margin (%) is ranked higher than
87% of the 1602 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 3.67 vs. IGT: 11.65 )
IGT' s 10-Year Net-margin (%) Range
Min: 6.28   Max: 19.67
Current: 11.65

6.28
19.67
ROE (%) 21.74
IGT's ROE (%) is ranked higher than
95% of the 1564 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 6.77 vs. IGT: 21.74 )
IGT' s 10-Year ROE (%) Range
Min: 13.11   Max: 162.34
Current: 21.74

13.11
162.34
ROA (%) 5.91
IGT's ROA (%) is ranked higher than
78% of the 1616 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 3.63 vs. IGT: 5.91 )
IGT' s 10-Year ROA (%) Range
Min: 2.89   Max: 12.62
Current: 5.91

2.89
12.62
ROC (Joel Greenblatt) (%) 63.39
IGT's ROC (Joel Greenblatt) (%) is ranked higher than
79% of the 1600 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 30.96 vs. IGT: 63.39 )
IGT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 23.12   Max: 137.21
Current: 63.39

23.12
137.21
Revenue Growth (%) 11.10
IGT's Revenue Growth (%) is ranked higher than
79% of the 1208 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 6.30 vs. IGT: 11.10 )
IGT' s 10-Year Revenue Growth (%) Range
Min: -6.8   Max: 33.1
Current: 11.1

-6.8
33.1
EBITDA Growth (%) 6.60
IGT's EBITDA Growth (%) is ranked higher than
69% of the 951 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 7.70 vs. IGT: 6.60 )
IGT' s 10-Year EBITDA Growth (%) Range
Min: -11.6   Max: 47.9
Current: 6.6

-11.6
47.9
EPS Growth (%) 12.20
IGT's EPS Growth (%) is ranked higher than
72% of the 892 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 8.80 vs. IGT: 12.20 )
IGT' s 10-Year EPS Growth (%) Range
Min: -27.8   Max: 66.6
Current: 12.2

-27.8
66.6
» IGT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

IGT Guru Trades in Q1 2013

Ray Dalio 89,444 sh (New)
Joel Greenblatt 332,990 sh (New)
James Barrow 9,154,505 sh (+5.65%)
Tom Gayner 1,195,461 sh (+2.2%)
John Rogers 8,164,363 sh (+0.01%)
Jim Simons Sold Out
Paul Tudor Jones Sold Out
Louis Moore Bacon Sold Out
Mario Gabelli 819,327 sh (-2.03%)
Pioneer Investments 10,444 sh (-9.92%)
Robert Olstein 469,000 sh (-17.43%)
Steven Cohen 39,448 sh (-82.85%)
» More
Q2 2013

IGT Guru Trades in Q2 2013

David Dreman 334,488 sh (New)
Paul Tudor Jones 18,600 sh (New)
Steven Cohen 90,780 sh (+130.13%)
Joel Greenblatt 497,982 sh (+49.55%)
James Barrow 9,334,047 sh (+1.96%)
Tom Gayner 1,189,263 sh (-0.52%)
Robert Olstein 466,000 sh (-0.64%)
John Rogers 8,098,468 sh (-0.81%)
Pioneer Investments 10,131 sh (-3%)
Mario Gabelli 739,227 sh (-9.78%)
Ray Dalio 25,400 sh (-71.6%)
» More
Q3 2013

IGT Guru Trades in Q3 2013

Jim Simons 624,300 sh (New)
Steven Cohen 119,313 sh (+31.43%)
James Barrow 9,974,215 sh (+6.86%)
Joel Greenblatt 526,285 sh (+5.68%)
Paul Tudor Jones Sold Out
Ray Dalio Sold Out
Pioneer Investments Sold Out
Tom Gayner 1,183,166 sh (-0.51%)
Mario Gabelli 708,227 sh (-4.19%)
John Rogers 7,738,370 sh (-4.45%)
Robert Olstein 356,000 sh (-23.61%)
David Dreman 126,170 sh (-62.28%)
» More
Q4 2013

IGT Guru Trades in Q4 2013

Paul Tudor Jones 26,500 sh (New)
John Hussman 500,000 sh (New)
Joel Greenblatt 1,164,747 sh (+121.31%)
Robert Olstein 602,200 sh (+69.16%)
Jim Simons 872,400 sh (+39.74%)
John Rogers 10,752,865 sh (+38.96%)
Mario Gabelli 797,127 sh (+12.55%)
James Barrow 10,957,507 sh (+9.86%)
Steven Cohen Sold Out
Tom Gayner 1,031,700 sh (-12.8%)
David Dreman 89,713 sh (-28.9%)
» More
» Details

Insider Trades

Latest Guru Trades with IGT

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2013-12-31 New Buy0.65%$16.43 - $19.81 $ 13.96-22%500000
Joel Greenblatt 2013-12-31 Add 121.31%0.27%$16.43 - $19.81 $ 13.96-22%1164747
David Dreman 2013-12-31 Reduce -28.9%0.06%$16.43 - $19.81 $ 13.96-22%89713
David Dreman 2013-09-30 Reduce -62.28%0.12%$16.57 - $21.11 $ 13.96-27%126170
Ray Dalio 2013-09-30 Sold Out $16.57 - $21.11 $ 13.96-27%0
Joel Greenblatt 2013-06-30 Add 49.55%0.12%$15.83 - $18.81 $ 13.96-19%497982
Ray Dalio 2013-06-30 Reduce -71.6%0.01%$15.83 - $18.81 $ 13.96-19%25400
David Dreman 2013-06-30 New Buy$15.83 - $18.81 $ 13.96-19%334488
Joel Greenblatt 2013-03-31 New Buy0.28%$14.17 - $17.31 $ 13.96-12%332990
Ray Dalio 2013-03-31 New Buy0.01%$14.17 - $17.31 $ 13.96-12%89444
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on International Game Technology

Ariel Investments' John Rogers Comments on International Game Technology - Feb 25, 2014

A few of our holdings struggled in the third quarter. Gaming equipment specialist International Game Technology (IGT) slipped –3.46% due to a disappointing earnings report. Although revenues exceeded expectations by a solid margin, EPS of $0.30 fell short of the consensus $0.34 figure. The environment was more competitive than expected, leading to fewer of IGT’s games on the floor, as well as a corresponding decline in overall play. Still, the company is allocating capital smartly. It announced a $200 million share repurchase plan, which would retire roughly 4% of the shares outstanding. We continue to think that although gaming has been softer than expected in the ongoing recovery, eventually it will pick up.



From John Rogers (Trades, Portfolio)' Ariel Investments fourth quarter 2013 commentary.



Check out John Rogers latest stock trades

John Rogers Comments on International Game Technology - Oct 25, 2012

Some of our positions struggled to keep pace with the market during the quarter. Gaming manufacturer International Game Technology (IGT) fell –16.50% after an earnings miss. The company delivered $0.23 in earnings per share from $533 million in total revenue; the Street had been expecting $0.28 in EPS and 6% higher revenues. The company sees these results as a seasonal bump in the road. When it released the earnings report, it reiterated its full year guidance of $0.98 to $1.04 in earnings per share. Over the short term, the company's revenues, and therefore its earnings, are likely to bounce around a bit, especially in an uncertain economic environment in which casinos are unsure how to maneuver. Long-term, however, we continue to believe gaming is a secular growth area and see IGT as a leader in its niche. In the meantime, we applaud management's decision to take advantage of the company's bargain stock price via share repurchases. After announcing a new buyback program in mid-June, the company repurchased 23 million shares—more than 7% of shares outstanding—within seven weeks.

From Ariel Funds' third quarter commentary.


Check out John Rogers latest stock trades

Top Ranked Articles about International Game Technology

Numerous Gurus Hold S&P ‘Biggest Losers’ in Food, Sun and Games
Year to date, Whole Foods Market Inc. is up 27% and has opened a record 32 stores in its fiscal year so far. International Game Technology (IGT) is up 18% and its social gaming revenues grew 151% to $219 million over last year. First Solar Inc. (FSLR) is up 88% year to date as solar module prices continue to fall. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 12.60
IGT's P/E(ttm) is ranked higher than
85% of the 1119 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 23.20 vs. IGT: 12.60 )
IGT' s 10-Year P/E(ttm) Range
Min: 7.28   Max: 53.5
Current: 12.6

7.28
53.5
P/B 3.10
IGT's P/B is ranked higher than
53% of the 1504 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 2.45 vs. IGT: 3.10 )
IGT' s 10-Year P/B Range
Min: 2.34   Max: 11.04
Current: 3.1

2.34
11.04
P/S 1.56
IGT's P/S is ranked higher than
59% of the 1650 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.98 vs. IGT: 1.56 )
IGT' s 10-Year P/S Range
Min: 0.95   Max: 7.35
Current: 1.56

0.95
7.35
PFCF 11.10
IGT's PFCF is ranked higher than
85% of the 874 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 19.50 vs. IGT: 11.10 )
IGT' s 10-Year PFCF Range
Min: 9.96   Max: 63.58
Current: 11.1

9.96
63.58
EV-to-EBIT 10.80
IGT's EV-to-EBIT is ranked higher than
78% of the 1278 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 17.39 vs. IGT: 10.80 )
IGT' s 10-Year EV-to-EBIT Range
Min: 6.4   Max: 26.2
Current: 10.8

6.4
26.2
PEG 2.30
IGT's PEG is ranked higher than
55% of the 601 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.98 vs. IGT: 2.30 )
IGT' s 10-Year PEG Range
Min: 0.71   Max: 35.39
Current: 2.3

0.71
35.39
Shiller P/E 15.90
IGT's Shiller P/E is ranked higher than
87% of the 616 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 29.33 vs. IGT: 15.90 )
IGT' s 10-Year Shiller P/E Range
Min: 5.45   Max: 61.86
Current: 15.9

5.45
61.86

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.94
IGT's Dividend Yield is ranked higher than
76% of the 822 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.80 vs. IGT: 2.94 )
IGT' s 10-Year Dividend Yield Range
Min: 0.28   Max: 7.35
Current: 2.94

0.28
7.35
Dividend Payout 0.35
IGT's Dividend Payout is ranked higher than
61% of the 656 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 0.35 vs. IGT: 0.35 )
IGT' s 10-Year Dividend Payout Range
Min: 0.08   Max: 1.14
Current: 0.35

0.08
1.14
Dividend growth (3y) 12.30
IGT's Dividend growth (3y) is ranked higher than
84% of the 324 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.60 vs. IGT: 12.30 )
IGT' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 42.4
Current: 12.3

0
42.4
Yield on cost (5-Year) 3.03
IGT's Yield on cost (5-Year) is ranked higher than
75% of the 862 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.84 vs. IGT: 3.03 )
IGT' s 10-Year Yield on cost (5-Year) Range
Min: 0.29   Max: 7.69
Current: 3.03

0.29
7.69
Share Buyback Rate 3.80
IGT's Share Buyback Rate is ranked higher than
95% of the 1057 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: -1.60 vs. IGT: 3.80 )
IGT' s 10-Year Share Buyback Rate Range
Min: 13.6   Max: -7.1
Current: 3.8

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.00
IGT's Price/DCF (Projected) is ranked higher than
82% of the 753 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.50 vs. IGT: 1.00 )
IGT' s 10-Year Price/DCF (Projected) Range
Min: 0.62   Max: 4
Current: 1

0.62
4
Price/Median PS Value 0.50
IGT's Price/Median PS Value is ranked higher than
94% of the 1516 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.10 vs. IGT: 0.50 )
IGT' s 10-Year Price/Median PS Value Range
Min: 0.39   Max: 2.31
Current: 0.5

0.39
2.31
Earnings Yield (Greenblatt) 9.30
IGT's Earnings Yield (Greenblatt) is ranked higher than
79% of the 1324 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 5.40 vs. IGT: 9.30 )
IGT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.8   Max: 15.7
Current: 9.3

3.8
15.7
Forward Rate of Return (Yacktman) 9.96
IGT's Forward Rate of Return (Yacktman) is ranked higher than
78% of the 1007 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 5.32 vs. IGT: 9.96 )
IGT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -3   Max: 36.2
Current: 9.96

-3
36.2

Business Description

Industry: Application Software » Electronic Gaming & Multimedia
Compare:NTDOY, ATVI, TABCF, EA, KNM » details
Traded in other countries:IGT.Germany
International Game Technology was incorporated in Nevada in December 1980. It is a global gaming Company specializing in the design, manufacture, and marketing of electronic gaming equipment and systems products. The Company manages operations in two geographic segments namely North America and International. North America consists of operations in the US and Canada and International encompasses its efforts in all other jurisdictions. The Company has two revenue streams within each business segment gaming operations and product sales. It includes the sales of gaming equipment, systems, services, licensing, and component parts in Product Sales. It provides casino games, gaming equipment and systems technology for land-based and online social gaming and wagering markets under for-sale or revenue sharing arrangements. IGT systems products include infrastructure and applications for casino management, customer relationship management, player management, and server-based gaming. Casino management solutions include integrated modules for machine accounting, patron management, cage and table accounting, ticket-in/ticket-out, bonusing, and table game automation. The manufacture and distribution of casino games, gaming equipment, systems technology, and related services, as well as the operation of casinos, is subject to regulation by a variety of federal, state, international, tribal, and local agencies, with the majority of oversight provided by individual state gaming control boards.

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