Everi Holdings Inc (NYSE:EVRI) – Equities research analysts at Jefferies Financial Group increased their Q2 2019 earnings estimates for Everi in a report released on Wednesday, May 15th. Jefferies Financial Group analyst D. Katz now expects that the credit services provider will post earnings per share of $0.07 for the quarter, up from their previous forecast 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 quarterly earnings results on Tuesday, May 7th. The credit services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. The company had revenue of $123.78 million during the quarter, compared to analysts’ expectations of $120.92 million. Everi had a negative return on equity of 7.83% and a net margin of 2.82%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share.
EVRI has been the subject of several other research reports. Zacks Investment Research raised Everi from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday, April 25th. ValuEngine raised Everi from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. Stifel Nicolaus set a $15.00 price target on Everi and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, SunTrust Banks began coverage on Everi in a research note on Monday, February 11th. They issued a “buy” rating and a $9.00 price target for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.90.
Shares of EVRI stock opened at $10.93 on Thursday. The stock has a market capitalization of $782.95 million, a PE ratio of 109.30, a P/E/G ratio of 1.80 and a beta of 1.83. Everi has a 1-year low of $4.76 and a 1-year high of $11.09.
Hedge funds have recently modified their holdings of the company. Menta Capital LLC boosted its position in shares of Everi by 10.5% during the 1st quarter. Menta Capital LLC now owns 21,705 shares of the credit services provider’s stock valued at $228,000 after purchasing an additional 2,058 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Everi by 170.0% during the 1st quarter. Meeder Asset Management Inc. now owns 3,545 shares of the credit services provider’s stock valued at $37,000 after purchasing an additional 2,232 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Everi by 247.0% during the 1st quarter. Bank of Montreal Can now owns 3,241 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 2,307 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Everi by 86.8% during the 1st quarter. Advisor Group Inc. now owns 5,071 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 2,357 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Everi by 27.9% during the 4th quarter. Legal & General Group Plc now owns 12,040 shares of the credit services provider’s stock valued at $62,000 after purchasing an additional 2,625 shares in the last quarter. 91.41% of the stock is owned by 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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