Photo by Yiorgos Ntrahas on Unsplash

International Game Technology PLC, ticker IGT, is a mid-cap London-based gaming company in the consumer cyclical business sector. It is, as I said, the second of five consumer cyclical candidates vying to be the fourth selection for my Viking folio. This is my very first report on IGT for any of my Viking portfolio I selected it as my thirty-fifth pick for my fifth portfolio named Volio.

International Game Technology PLC is a gaming company that delivers entertaining and responsible gaming experiences for players across all channels.

The company's operating segments include (1) Global Lottery and (2) Global Gaming.

It generates maximum revenue from the Global Lottery segment. Global Lottery provides lottery products and services primarily to governmental organizations through operating contracts, facilities management contracts, lottery management agreements, and product sales contracts.

Geographically, IGT derives a majority of revenue from the United States.

The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015.

The company was founded in 2014 and is headquartered in London, the United Kingdom.

International Game Technology PLC is a subsidiary of De Agostini S.p.A.

Three key data points gauge

International Game Technology PLC:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

IGT Price

IGT’s price per share was $18.78 at Monday’s market close. In the past year, IGT’s share price fell by $10.98 or about 37%.

If IGT’s stock trades in the range of $8.00 to $32.00 this next year, its recent $18.78 per share price might reach $23.00 by next year. My upside increase estimate of $4.22 is $6.46 less than the median of estimated price upsides from ten brokers tracking IGT.

IGT Dividends

International Game Technology’s most recently declared quarterly dividend of $0.20 per share equals $0.80 annually and  casts a yield of 4.26%.

IGT Returns

Adding the $0.80 annual

IGT dividend to my one-year price upside estimate of $4.22 shows a $5.02 potential gross gain per share.

At Today’s $18.78 closing price, a little under $1000 would buy 53 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us $0.19 per share.

Subtract that maybe $0.19 brokerage cost from my estimated $5.02 gross gain per share results in a net gain of $4.84 X 53 shares = $256.52 for a 25.7% net gain including a 4.26% annual yield.

In a year our $1K investment in shares of International Game Technology PLC could generate $42.60 in cash dividends. Of course, a single share of IGT stock at today's $18.78 share price is more than 2 times less than the annual dividend income from our $1000.00 investment.

So, by my dogcatcher ideal, this is really a good time to buy IGT shares based on their dividends for the year 2022. The dividend from $1K invested is 2.27 times more than IGT’s single share price. Consider yourself alerted. Now IS the time for International Game Technology PLC.

All of the estimates above are speculation based on the past history of International Game Technology PLC. Only time and money invested in this stock will determine its market value.

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