Zacks: Brokerages Anticipate Everi Holdings Inc (NYSE:EVRI) Will Post Earnings of $0.07 Per Share

Wall Street analysts expect Everi Holdings Inc (NYSE:EVRI) to announce $0.07 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Everi’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.09. Everi reported earnings of ($0.04) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 275%. The company is expected to issue its next quarterly earnings report on Tuesday, March 10th.

On average, analysts expect that Everi will report full-year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.36. For the next financial year, analysts forecast that the business will post earnings of $0.53 per share, with EPS estimates ranging from $0.44 to $0.63. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Everi.

Everi (NYSE:EVRI) last announced its earnings results on Tuesday, November 5th. The credit services provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The company had revenue of $134.60 million during the quarter, compared to analysts’ expectations of $129.30 million. Everi had a net margin of 4.90% and a negative return on equity of 19.69%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company posted $0.03 earnings per share.

Several analysts recently commented on the stock. TheStreet upgraded shares of Everi from a “d+” rating to a “c” rating in a report on Tuesday, November 19th. ValuEngine cut shares of Everi from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Zacks Investment Research cut shares of Everi from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Macquarie assumed coverage on shares of Everi in a report on Thursday, September 26th. They set an “outperform” rating and a $12.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $12.60.

Shares of EVRI stock traded up $0.31 during trading on Thursday, hitting $12.85. 1,647,400 shares of the company were exchanged, compared to its average volume of 895,373. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 128.50, a P/E/G ratio of 1.80 and a beta of 1.74. The business’s 50-day simple moving average is $11.79 and its 200 day simple moving average is $10.74. Everi has a twelve month low of $4.76 and a twelve month high of $13.75.

In related news, Director Geoffrey P. Judge sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $12.52, for a total transaction of $375,600.00. Following the completion of the sale, the director now directly owns 134,672 shares in the company, valued at $1,686,093.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 31,050 shares of company stock valued at $386,363. 5.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in Everi by 139.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,297 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 1,339 shares during the last quarter. FMR LLC acquired a new stake in Everi in the first quarter valued at approximately $29,000. Usca Ria LLC acquired a new stake in Everi in the third quarter valued at approximately $30,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Everi by 54.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,391 shares of the credit services provider’s stock valued at $46,000 after acquiring an additional 1,897 shares during the last quarter. Finally, Sun Life Financial INC acquired a new stake in Everi in the second quarter valued at approximately $64,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.

About Everi

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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Earnings History and Estimates for Everi (NYSE:EVRI)

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