Everi Holdings Inc (NYSE:EVRI) – Research analysts at Jefferies Financial Group lowered their Q3 2019 earnings per share estimates for Everi in a research note issued to investors on Wednesday, October 16th. Jefferies Financial Group analyst D. Katz now expects that the credit services provider will post earnings per share of $0.05 for the quarter, down from their previous estimate of $0.10. Jefferies Financial Group also issued estimates for Everi’s Q4 2019 earnings at $0.04 EPS, FY2019 earnings at $0.25 EPS and FY2020 earnings at $0.38 EPS.
Everi (NYSE:EVRI) last released its quarterly earnings results on Tuesday, August 6th. The credit services provider reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. Everi had a negative return on equity of 10.47% and a net margin of 3.57%. The business had revenue of $129.70 million during the quarter, compared to analyst estimates of $127.90 million. During the same quarter last year, the company posted $0.02 EPS. Everi’s revenue for the quarter was up 9.3% on a year-over-year basis.
Other equities analysts have also issued research reports about the company. Raymond James set a $14.00 price target on Everi and gave the company a “buy” rating in a research report on Wednesday, August 7th. Macquarie assumed coverage on Everi in a research report on Thursday, September 26th. They issued an “outperform” rating and a $12.00 price target for the company. Zacks Investment Research lowered Everi from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. TheStreet lowered Everi from a “c” rating to a “d+” rating in a research report on Monday, August 26th. Finally, ValuEngine downgraded Everi from a “buy” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $11.95.
NYSE:EVRI opened at $9.45 on Monday. Everi has a 1-year low of $4.76 and a 1-year high of $12.56. The firm has a market capitalization of $645.93 million, a price-to-earnings ratio of 94.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.60. The stock has a fifty day simple moving average of $8.78 and a 200 day simple moving average of $10.36.
Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake in Everi by 139.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,297 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 1,339 shares in the last quarter. FMR LLC purchased a new stake in Everi in the 1st quarter worth about $29,000. Sun Life Financial INC purchased a new stake in Everi in the 2nd quarter worth about $64,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Everi by 54.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,391 shares of the credit services provider’s stock worth $46,000 after acquiring an additional 1,897 shares in the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new stake in Everi in the 2nd quarter worth about $67,000. 96.21% of the stock is owned by hedge funds and other institutional investors.
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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