EVI Industries (NYSEAMERICAN:EVI) Issues Earnings Results

EVI Industries (NYSEAMERICAN:EVIGet Free Report) posted its earnings results on Tuesday. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17, FiscalAI reports. EVI Industries had a net margin of 1.63% and a return on equity of 4.92%. The business had revenue of $121.87 million for the quarter, compared to analyst estimates of $117.10 million.

EVI Industries Stock Performance

EVI opened at $13.66 on Tuesday. EVI Industries has a twelve month low of $12.75 and a twelve month high of $34.82. The firm has a market cap of $175.80 million, a PE ratio of 30.36 and a beta of 0.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 1.60. The firm’s fifty day moving average is $14.98 and its two-hundred day moving average is $17.55.

Institutional Investors Weigh In On EVI Industries

A number of institutional investors have recently made changes to their positions in EVI. Bank of America Corp DE raised its stake in shares of EVI Industries by 39.6% in the fourth quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,416 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in EVI Industries by 27.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 829 shares during the last quarter. Rhumbline Advisers grew its position in shares of EVI Industries by 21.4% in the 1st quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock worth $90,000 after buying an additional 940 shares during the period. Tower Research Capital LLC TRC lifted its position in EVI Industries by 237.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 1,408 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of EVI Industries by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 104,380 shares of the industrial products company’s stock valued at $3,300,000 after purchasing an additional 852 shares during the last quarter. Institutional investors own 37.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a “buy” rating and set a $32.00 target price on shares of EVI Industries in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $32.00.

Check Out Our Latest Research Report on EVI

About EVI Industries

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EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.

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Earnings History for EVI Industries (NYSEAMERICAN:EVI)

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