Everi Holdings Inc (NYSE:EVRI) – Investment analysts at SunTrust Banks lifted their FY2019 earnings estimates for Everi in a report released on Wednesday, November 6th. SunTrust Banks analyst B. Jonas now expects that the credit services provider will post earnings per share of $0.36 for the year, up from their previous forecast of $0.30. SunTrust Banks also issued estimates for Everi’s Q4 2019 earnings at $0.09 EPS, FY2020 earnings at $0.63 EPS and FY2021 earnings at $0.83 EPS.
Everi (NYSE:EVRI) last released its earnings results on Tuesday, November 5th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Everi had a net margin of 4.90% and a negative return on equity of 18.45%. The company had revenue of $134.60 million for the quarter, compared to the consensus estimate of $129.30 million. During the same period in the prior year, the company posted $0.03 EPS. The company’s revenue was up 11.9% compared to the same quarter last year.
A number of other research analysts also recently issued reports on EVRI. Macquarie started coverage on shares of Everi in a research report on Thursday, September 26th. They set an “outperform” rating and a $12.00 target price on the stock. ValuEngine downgraded shares of Everi from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Raymond James set a $14.00 target price on shares of Everi and gave the company a “buy” rating in a research report on Wednesday, August 7th. TheStreet downgraded shares of Everi from a “c” rating to a “d+” rating in a research report on Monday, August 26th. Finally, Zacks Investment Research downgraded shares of Everi from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $11.95.
Everi stock traded up $0.40 during trading hours on Friday, reaching $12.40. 17,925 shares of the company’s stock traded hands, compared to its average volume of 539,555. Everi has a fifty-two week low of $4.76 and a fifty-two week high of $12.56. The firm has a market capitalization of $750.70 million, a price-to-earnings ratio of 124.00, a PEG ratio of 1.79 and a beta of 1.62. The firm’s 50 day moving average is $9.22 and its 200-day moving average is $10.35.
A number of large investors have recently added to or reduced their stakes in EVRI. Nuveen Asset Management LLC boosted its position in Everi by 3,013.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,424,485 shares of the credit services provider’s stock worth $16,994,000 after acquiring an additional 1,378,732 shares during the last quarter. Castleark Management LLC acquired a new stake in shares of Everi in the 2nd quarter valued at approximately $8,163,000. Renaissance Technologies LLC boosted its holdings in shares of Everi by 20.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,378,700 shares of the credit services provider’s stock valued at $40,308,000 after buying an additional 565,500 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Everi by 147.9% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 841,970 shares of the credit services provider’s stock valued at $7,123,000 after buying an additional 502,295 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Everi by 163.5% in the 2nd quarter. Invesco Ltd. now owns 728,630 shares of the credit services provider’s stock valued at $8,692,000 after buying an additional 452,139 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.
Everi Company Profile
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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