EVI Industries (NYSEAMERICAN:EVI) Announces Quarterly Earnings Results

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

EVI Industries Stock Up 4.3%

Shares of EVI opened at $21.73 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.87 and a current ratio of 1.64. EVI Industries has a 52 week low of $12.75 and a 52 week high of $27.36. The stock has a market capitalization of $281.84 million, a price-to-earnings ratio of 45.33 and a beta of 0.01. The stock has a fifty day moving average of $18.69 and a 200-day moving average of $18.57.

Analyst Ratings Changes

Separately, DA Davidson restated a “buy” rating and issued a $32.00 price target on shares of EVI Industries in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus 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.