Equities research analysts expect Everi Holdings Inc (NYSE:EVRI) to report earnings of ($0.57) per share for the current quarter, according to Zacks. Six analysts have made estimates for Everi’s earnings. The lowest EPS estimate is ($0.79) and the highest is ($0.29). Everi reported earnings per share of $0.07 in the same quarter last year, which would indicate a negative year over year growth rate of 914.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 4th.
On average, analysts expect that Everi will report full-year earnings of ($1.06) per share for the current fiscal year, with EPS estimates ranging from ($1.79) to ($0.43). For the next financial year, analysts expect that the firm will post earnings of $0.04 per share, with EPS estimates ranging from ($0.34) to $0.49. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Everi.
Everi (NYSE:EVRI) last released its quarterly earnings results on Tuesday, June 2nd. The credit services provider reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.06). Everi had a negative net margin of 0.54% and a negative return on equity of 55.79%. The business had revenue of $113.31 million for the quarter, compared to analysts’ expectations of $116.40 million.
Several equities research analysts have recently commented on EVRI shares. Stifel Nicolaus upped their price target on shares of Everi from $6.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Investment Research downgraded Everi from a “hold” rating to a “sell” rating in a research note on Wednesday, July 15th. Raymond James cut their price objective on Everi from $14.00 to $10.00 and set a “strong-buy” rating for the company in a research note on Wednesday, June 3rd. TheStreet downgraded Everi from a “c” rating to a “d+” rating in a research note on Friday, March 27th. Finally, Roth Capital began coverage on Everi in a research note on Friday, July 10th. They set a “buy” rating and a $17.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $11.83.
NYSE EVRI opened at $6.30 on Monday. Everi has a 52 week low of $1.55 and a 52 week high of $14.88. The firm has a market capitalization of $493.16 million, a P/E ratio of -315.00 and a beta of 2.73. The company has a quick ratio of 0.87, a current ratio of 1.10 and a debt-to-equity ratio of 23.49. The company has a 50-day moving average price of $5.93 and a 200-day moving average price of $7.50.
In other Everi news, Director Geoffrey P. Judge sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $7.51, for a total value of $300,400.00. Following the completion of the transaction, the director now directly owns 144,672 shares in the company, valued at approximately $1,086,486.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. bought a new position in shares of Everi during the 2nd quarter valued at approximately $381,000. State Street Corp boosted its position in shares of Everi by 9.8% during the 1st quarter. State Street Corp now owns 1,553,046 shares of the credit services provider’s stock valued at $5,125,000 after acquiring an additional 138,431 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Everi by 62.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,754,343 shares of the credit services provider’s stock valued at $5,789,000 after acquiring an additional 676,280 shares during the last quarter. Advisor Group Holdings Inc. bought a new position in shares of Everi during the 1st quarter valued at approximately $129,000. Finally, Capital Research Global Investors boosted its position in shares of Everi by 267.7% during the 1st quarter. Capital Research Global Investors now owns 5,240,260 shares of the credit services provider’s stock valued at $17,293,000 after acquiring an additional 3,815,260 shares during the last quarter. Hedge funds and other institutional investors own 92.95% 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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