Everi Holdings Inc (NYSE:EVRI) – Jefferies Financial Group lowered their Q3 2019 earnings per share estimates for Everi in a research note issued on Wednesday, October 16th. Jefferies Financial Group analyst D. Katz now expects that the credit services provider will earn $0.05 per share for the quarter, down from their previous estimate of $0.10. Jefferies Financial Group also issued estimates for Everi’s Q4 2019 earnings at $0.04 EPS, FY2019 earnings at $0.25 EPS and FY2020 earnings at $0.38 EPS.
Everi (NYSE:EVRI) last released its quarterly earnings data on Tuesday, August 6th. The credit services provider reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. Everi had a negative return on equity of 10.47% and a net margin of 3.57%. The business had revenue of $129.70 million for the quarter, compared to the consensus estimate of $127.90 million. During the same quarter in the prior year, the business posted $0.02 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis.
A number of other research firms also recently commented on EVRI. Zacks Investment Research downgraded Everi from a “buy” rating to a “hold” rating in a report on Friday, October 18th. TheStreet downgraded Everi from a “c” rating to a “d+” rating in a research note on Monday, August 26th. Macquarie assumed coverage on Everi in a research note on Thursday, September 26th. They set an “outperform” rating and a $12.00 price target on the stock. ValuEngine downgraded Everi from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Raymond James set a $14.00 price target on Everi and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Everi has an average rating of “Buy” and a consensus price target of $11.95.
EVRI opened at $9.45 on Monday. Everi has a one year low of $4.76 and a one year high of $12.56. The company has a market cap of $645.93 million, a P/E ratio of 94.50, a PEG ratio of 1.54 and a beta of 1.60. The business’s 50-day simple moving average is $8.78 and its 200-day simple moving average is $10.36.
A number of large investors have recently added to or reduced their stakes in EVRI. Nuveen Asset Management LLC grew its stake in shares of Everi by 3,013.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,424,485 shares of the credit services provider’s stock valued at $16,994,000 after purchasing an additional 1,378,732 shares during the last quarter. Castleark Management LLC purchased a new position in shares of Everi in the 2nd quarter valued at approximately $8,163,000. Renaissance Technologies LLC grew its stake in shares of Everi by 20.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,378,700 shares of the credit services provider’s stock valued at $40,308,000 after purchasing an additional 565,500 shares during the last quarter. Invesco Ltd. grew its stake in shares of Everi by 163.5% in the 2nd quarter. Invesco Ltd. now owns 728,630 shares of the credit services provider’s stock valued at $8,692,000 after purchasing an additional 452,139 shares during the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in shares of Everi in the 2nd quarter valued at approximately $4,189,000. Hedge funds and other institutional investors own 96.21% of the company’s stock.
Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and FinTech. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.
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