EVI Industries (NYSEAMERICAN:EVI) Issues Earnings Results

EVI Industries (NYSEAMERICAN:EVI) announced its quarterly earnings data on Monday. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01), FiscalAI reports. EVI Industries had a return on equity of 4.35% and a net margin of 1.51%.The company had revenue of $115.29 million for the quarter, compared to analyst estimates of $108.00 million.

EVI Industries Price Performance

Shares of EVI traded up $0.68 during trading hours on Monday, hitting $24.18. 5,132 shares of the company were exchanged, compared to its average volume of 15,300. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.41 and a quick ratio of 0.74. The company has a market capitalization of $348.43 million, a PE ratio of 62.00 and a beta of 0.04. The firm has a fifty day simple moving average of $24.27 and a 200-day simple moving average of $25.59. EVI Industries has a one year low of $14.99 and a one year high of $34.82.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “buy” rating and issued a $40.00 target price on shares of EVI Industries in a report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $40.00.

Hedge Funds Weigh In On EVI Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in EVI Industries by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 491 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of EVI Industries by 237.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock worth $44,000 after buying an additional 1,408 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of EVI Industries by 27.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 829 shares during the period. Bank of America Corp DE lifted its position in shares of EVI Industries by 39.6% in the 4th quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 1,416 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in 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 purchasing an additional 940 shares during the period. Institutional investors and hedge funds own 37.30% of the company’s stock.

About EVI Industries

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.