$0.07 EPS Expected for Everi Holdings Inc (NYSE:EVRI) This Quarter

Wall Street brokerages predict that Everi Holdings Inc (NYSE:EVRI) will announce $0.07 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Everi’s earnings, with estimates ranging from $0.04 to $0.09. Everi reported earnings of ($0.04) per share in the same quarter last year, which indicates a positive year over year growth rate of 275%. The company is scheduled to report its next quarterly earnings report on Tuesday, March 10th.

According to Zacks, analysts expect that Everi will report full year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.31 to $0.36. For the next year, analysts expect that the company will report earnings of $0.52 per share, with EPS estimates ranging from $0.44 to $0.63. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Everi.

Everi (NYSE:EVRI) last announced its quarterly earnings results on Tuesday, November 5th. The credit services provider reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Everi had a net margin of 4.90% and a negative return on equity of 19.69%. The company had revenue of $134.60 million for the quarter, compared to analyst estimates of $129.30 million. During the same quarter in the prior year, the business posted $0.03 EPS. Everi’s quarterly revenue was up 11.9% on a year-over-year basis.

Several research analysts have recently commented on EVRI shares. Zacks Investment Research lowered shares of Everi from a “buy” rating to a “hold” rating in a research note on Wednesday. Raymond James set a $14.00 price objective on shares of Everi and gave the stock a “buy” rating in a report on Wednesday, August 7th. Macquarie assumed coverage on shares of Everi in a report on Thursday, September 26th. They set an “outperform” rating and a $12.00 price objective for the company. TheStreet downgraded shares of Everi from a “c” rating to a “d+” rating in a report on Monday, August 26th. Finally, ValuEngine downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $12.60.

A number of institutional investors have recently modified their holdings of EVRI. Nuveen Asset Management LLC boosted its holdings in Everi by 3,013.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,424,485 shares of the credit services provider’s stock valued at $16,994,000 after purchasing an additional 1,378,732 shares during the period. Castleark Management LLC bought a new stake in Everi in the 2nd quarter valued at $8,163,000. Renaissance Technologies LLC boosted its holdings in Everi by 20.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,378,700 shares of the credit services provider’s stock valued at $40,308,000 after purchasing an additional 565,500 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in Everi by 147.9% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 841,970 shares of the credit services provider’s stock valued at $7,123,000 after purchasing an additional 502,295 shares during the period. Finally, Invesco Ltd. boosted its holdings in Everi by 163.5% in the 2nd quarter. Invesco Ltd. now owns 728,630 shares of the credit services provider’s stock valued at $8,692,000 after purchasing an additional 452,139 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Shares of EVRI traded down $0.06 during mid-day trading on Tuesday, hitting $12.37. 674,649 shares of the company’s stock were exchanged, compared to its average volume of 841,321. The firm has a fifty day moving average of $9.63 and a two-hundred day moving average of $10.42. Everi has a twelve month low of $4.76 and a twelve month high of $12.79. The stock has a market cap of $897.24 million, a price-to-earnings ratio of 123.70, a P/E/G ratio of 1.85 and a beta of 1.62.

About Everi

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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