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GuruFocus has detected 5 Warning Signs with International Game Technology PLC $IGT.
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International Game Technology PLC (NYSE:IGT)
3-Year Average Share Buyback Ratio
-5.20 (As of Mar. 2017)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

IGT' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -19.6   Max: 0
Current: -5.2

-19.6
0

During the past 13 years, International Game Technology PLC's highest 3-Year Average Share Buyback Ratio was 0.00. The lowest was -19.60. And the median was -4.05.

IGT's 3-Year Average Share Buyback Ratio is ranked lower than
68% of the 439 Companies
in the Global Gambling industry.

( Industry Median: -2.00 vs. IGT: -5.20 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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