EVI Industries (NYSEAMERICAN:EVI) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

EVI Industries (NYSEAMERICAN:EVI) announced its earnings results on Monday. The industrial products company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10, FiscalAI reports. The business had revenue of $112.95 million during the quarter, compared to analysts’ expectations of $114.70 million. EVI Industries had a return on equity of 5.31% and a net margin of 1.73%.

EVI Industries Price Performance

Shares of EVI traded up $0.92 during trading hours on Monday, hitting $21.75. 139,416 shares of the company were exchanged, compared to its average volume of 55,930. The company has a market capitalization of $282.10 million, a PE ratio of 45.31 and a beta of 0.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.64 and a quick ratio of 0.87. The firm has a fifty day simple moving average of $18.55 and a 200-day simple moving average of $18.59. EVI Industries has a one year low of $12.75 and a one year high of $27.36.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a “buy” rating and issued a $32.00 price target on shares of EVI Industries in a report on Friday, September 18th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $32.00.

EVI Industries Company Profile

EVI Industries, Inc is a value-added distributor of commercial and industrial equipment, parts, supplies and related services. The company primarily serves the commercial laundry, dry-cleaning and textile-care markets, providing equipment such as washers, dryers, finishing systems and dry-cleaning machines, along with installation, maintenance, repair and technical support.

EVI’s customers include businesses and institutions in the hospitality, healthcare, multi-housing, laundromat, government, correctional and other service industries.