Zacks: Analysts Expect Everi Holdings Inc. (NYSE:EVRI) to Post $0.03 EPS

Analysts expect Everi Holdings Inc. (NYSE:EVRI) to announce earnings per share (EPS) of $0.03 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Everi’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.08. Everi reported earnings of $0.02 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The business is scheduled to issue its next quarterly earnings report on Monday, March 1st.

According to Zacks, analysts expect that Everi will report full-year earnings of ($0.94) per share for the current year, with EPS estimates ranging from ($0.98) to ($0.89). For the next fiscal year, analysts forecast that the company will report earnings of $0.32 per share, with EPS estimates ranging from $0.14 to $0.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Everi.

Everi (NYSE:EVRI) last issued its quarterly earnings data on Monday, November 2nd. The credit services provider reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.17. Everi had a negative net margin of 21.25% and a negative return on equity of 474.12%.

Several brokerages have commented on EVRI. BTIG Research began coverage on shares of Everi in a report on Wednesday, September 9th. They issued a “buy” rating and a $12.00 price objective for the company. Zacks Investment Research upgraded shares of Everi from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Tuesday, November 3rd. Roth Capital lifted their target price on shares of Everi from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 13th. Raymond James lifted their target price on shares of Everi from $10.00 to $13.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 3rd. Finally, ValuEngine upgraded shares of Everi from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Everi has a consensus rating of “Buy” and an average price target of $11.43.

In other Everi news, Director Geoffrey P. Judge sold 5,000 shares of Everi stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $9.00, for a total value of $45,000.00. Following the completion of the sale, the director now owns 89,672 shares of the company’s stock, valued at approximately $807,048. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David Lucchese sold 62,500 shares of Everi stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $11.11, for a total transaction of $694,375.00. Following the completion of the sale, the executive vice president now directly owns 159,834 shares of the company’s stock, valued at approximately $1,775,755.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,500 shares of company stock valued at $1,023,225. 5.70% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of EVRI. FMR LLC bought a new stake in Everi in the 1st quarter worth approximately $29,000. Advisor Group Holdings Inc. bought a new stake in shares of Everi during the 1st quarter valued at $129,000. State Street Corp grew its position in shares of Everi by 9.8% during the 1st quarter. State Street Corp now owns 1,553,046 shares of the credit services provider’s stock valued at $5,125,000 after acquiring an additional 138,431 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Everi during the 2nd quarter valued at $381,000. Finally, Emerald Mutual Fund Advisers Trust grew its position in shares of Everi by 11.2% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,882,793 shares of the credit services provider’s stock valued at $9,715,000 after acquiring an additional 189,064 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

EVRI traded up $0.09 on Friday, hitting $11.00. The company had a trading volume of 56,524 shares, compared to its average volume of 2,701,806. The company has a debt-to-equity ratio of 23.49, a current ratio of 1.29 and a quick ratio of 1.24. Everi has a 52-week low of $1.55 and a 52-week high of $14.88. The stock has a fifty day simple moving average of $9.07 and a 200-day simple moving average of $6.97. The firm has a market capitalization of $937.47 million, a P/E ratio of -10.81 and a beta of 3.10.

Everi Company Profile

Everi Holdings Inc provides entertainment and technology solutions for the casino, interactive, and gaming industries in the United States, Europe, Canada, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games, video reel games, Empire 5527, Empire Flex, Empire DCX, Empire MPX, Core HDX, and the Texan HDX; TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, back office systems, and other related equipment.

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