International Game Technology PLC Releases Notice Of 2017 Annual

International Game TechnologyIGT has leading competitive positions throughout the worldwide lottery and gaming market. The Company’s resilient business model is characterized by sturdy recurring revenues and a balanced geographic and product mix. IGT’s strong money flows are supported by trade-main investments in content and technological innovation which can be complemented by disciplined financial administration.

To be certain, IGT’s proffered reasons may very well be solely legit; IGT appears to have been in a interval of transition in late 2003 and Johnson was definitely not obligated to simply accept his predecessor’s obvious belief that Shawn was performing his job well. However, given the close proximity of Shawn’s termination to his alleged protected exercise, his seemingly positive document at IGT, and the dearth of specific proof within the report supporting Johnson’s and Matthews’s claims about his efficiency, an affordable fact finder might discover that Shawn’s protected activity contributed to his termination. Our evaluation with respect to Lena’s termination is similar.

IGT subsequent argues that, regardless of the specific rules relevant to Illinois-licensed attorneys, the Van Asdales shouldn’t be permitted to maintain their Sarbanes-Oxley claim as a result of doing so requires use of lawyer-consumer privileged data. IGT reasons that the Van Asdales’ solely evidence of protected exercise consists of a conversation the two had with Johnson regarding a pending litigation matter involving the corporate.

IGT has been on a buying spree for years, but administration hasn’t made paying down debt a giant priority. In reality, it declared a dividend of $0.20 per share along with reporting earnings, so it’s accepting the danger related to debt. That could also be a nasty thought, especially considering the fact that interest rates are already on the rise and the gaming trade does not have much room for further enlargement around the globe. The decline in shares is understandable right this moment, and unless IGT finds a technique to expand margins or develop revenue, I can be cautious of the stock in the future.

Argus expects EPS of $2.10 on $5.1 billion in income for the present yr and $2.30 on $5.2 billion in revenue for next year. Its long-time period EPS development outlook remains at 7 percent. Staszak identified that the inventory is buying and selling 10.1X his 2017 EPS estimate, which is beneath the typical forward a number of of and the average for gaming companies.