Everi (EVRI) Posts Earnings Results, Beats Estimates By $0.04 EPS

Everi (NYSE:EVRI) posted its earnings results on Tuesday. The credit services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04, Briefing.com reports. The firm had revenue of $120.30 million for the quarter, compared to analyst estimates of $113.53 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis.

Shares of NYSE:EVRI traded down $0.16 during midday trading on Wednesday, reaching $7.28. The company had a trading volume of 1,428,500 shares, compared to its average volume of 625,991. The firm has a market cap of $518.81 million, a PE ratio of -23.48, a price-to-earnings-growth ratio of 9.32 and a beta of 1.52. Everi has a one year low of $6.08 and a one year high of $9.82.

In related news, CAO Todd A. Valli sold 20,000 shares of Everi stock in a transaction on Friday, September 14th. The shares were sold at an average price of $9.34, for a total value of $186,800.00. Following the completion of the sale, the chief accounting officer now owns 21,708 shares in the company, valued at $202,752.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Edward Adam Peters sold 66,251 shares of Everi stock in a transaction on Friday, September 14th. The stock was sold at an average price of $9.06, for a total transaction of $600,234.06. Following the completion of the sale, the executive vice president now owns 60,388 shares of the company’s stock, valued at approximately $547,115.28. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Everi by 33.6% in the third quarter. JPMorgan Chase & Co. now owns 272,701 shares of the credit services provider’s stock worth $2,501,000 after buying an additional 68,627 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Everi in the third quarter worth $1,534,000. Emerald Advisers Inc. PA bought a new stake in shares of Everi in the third quarter worth $8,933,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Everi in the third quarter worth $12,580,000. Finally, Cowen Prime Services LLC bought a new stake in shares of Everi in the third quarter worth $115,000. Institutional investors and hedge funds own 89.87% of the company’s stock.

A number of research analysts have recently commented on EVRI shares. Zacks Investment Research cut shares of Everi from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, July 18th. Stifel Nicolaus started coverage on shares of Everi in a research report on Thursday, September 13th. They set a “buy” rating and a $13.00 target price on the stock. TheStreet raised shares of Everi from a “d+” rating to a “c-” rating in a research report on Monday, August 6th. Finally, Jefferies Financial Group boosted their target price on shares of Everi from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $11.00.

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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 Payments. 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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Earnings History for Everi (NYSE:EVRI)

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