Everi (NYSE:EVRI) announced its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06, Briefing.com reports. Everi had a negative return on equity of 7.83% and a net margin of 2.82%. The company had revenue of $123.78 million during the quarter, compared to the consensus estimate of $120.92 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year.
Shares of EVRI traded down $0.21 during mid-day trading on Friday, reaching $11.14. The company’s stock had a trading volume of 675,000 shares, compared to its average volume of 1,003,070. The firm has a market capitalization of $792.17 million, a P/E ratio of 111.40, a PEG ratio of 1.78 and a beta of 1.83. Everi has a 1 year low of $4.76 and a 1 year high of $12.24.
A number of brokerages have recently commented on EVRI. Zacks Investment Research downgraded Everi from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Stifel Nicolaus set a $15.00 price objective on Everi and gave the company a “buy” rating in a research report on Wednesday, May 8th. ValuEngine upgraded Everi from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Finally, SunTrust Banks began coverage on Everi in a research report on Monday, February 11th. They set a “buy” rating and a $9.00 price objective for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Everi presently has an average rating of “Buy” and a consensus price target of $10.90.
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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