Everi Holdings Inc (NYSE:EVRI) – Equities research analysts at Jefferies Financial Group boosted their Q2 2019 earnings per share estimates for shares of Everi in a report released on Wednesday, May 15th. Jefferies Financial Group analyst D. Katz now anticipates that the credit services provider will post earnings per share of $0.07 for the quarter, up from their prior estimate of $0.05. Jefferies Financial Group also issued estimates for Everi’s Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.32 EPS and FY2020 earnings at $0.45 EPS.
Everi (NYSE:EVRI) last issued its earnings results on Tuesday, May 7th. The credit services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.06. The firm had revenue of $123.78 million during the quarter, compared to analysts’ expectations of $120.92 million. Everi had a net margin of 2.82% and a negative return on equity of 7.83%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Everi from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus set a $15.00 price target on shares of Everi and gave the company a “buy” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Everi presently has an average rating of “Buy” and a consensus price target of $10.90.
Shares of NYSE:EVRI opened at $11.01 on Thursday. The company has a market cap of $715.39 million, a P/E ratio of 110.10, a price-to-earnings-growth ratio of 1.69 and a beta of 1.83. Everi has a 1-year low of $4.76 and a 1-year high of $11.07.
Large investors have recently modified their holdings of the stock. Bank of Montreal Can lifted its position in shares of Everi by 247.0% in the 1st quarter. Bank of Montreal Can now owns 3,241 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 2,307 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Everi by 170.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,545 shares of the credit services provider’s stock worth $37,000 after buying an additional 2,232 shares in the last quarter. Brinker Capital Inc. purchased a new stake in Everi in the 4th quarter worth approximately $52,000. Advisor Group Inc. lifted its position in Everi by 86.8% in the 1st quarter. Advisor Group Inc. now owns 5,071 shares of the credit services provider’s stock worth $53,000 after buying an additional 2,357 shares in the last quarter. Finally, HRT Financial LLC purchased a new stake in Everi in the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 91.41% 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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