Everi Holdings Inc (NYSE:EVRI) Expected to Post Earnings of $0.07 Per Share

Equities research analysts expect Everi Holdings Inc (NYSE:EVRI) to announce earnings of $0.07 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Everi’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.06. Everi reported earnings of $0.05 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 40%. The business is expected to announce its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Everi will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.27 to $0.41. For the next financial year, analysts forecast that the firm will post earnings of $0.51 per share, with EPS estimates ranging from $0.45 to $0.57. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Everi.

Everi (NYSE:EVRI) last announced its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The company had revenue of $123.78 million during the quarter, compared to analyst estimates of $120.92 million. Everi had a negative return on equity of 7.83% and a net margin of 2.82%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS.

EVRI has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $15.00 target price on Everi and gave the company a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research raised Everi from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Thursday, April 11th. Finally, ValuEngine raised Everi from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Everi presently has an average rating of “Buy” and an average price target of $10.90.

Several institutional investors and hedge funds have recently modified their holdings of EVRI. FMR LLC bought a new stake in shares of Everi during the 1st quarter valued at about $29,000. Bank of Montreal Can lifted its position in Everi by 247.0% in the 1st quarter. Bank of Montreal Can now owns 3,241 shares of the credit services provider’s stock worth $34,000 after buying an additional 2,307 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Everi by 170.0% in the first quarter. Meeder Asset Management Inc. now owns 3,545 shares of the credit services provider’s stock valued at $37,000 after purchasing an additional 2,232 shares during the last quarter. Brinker Capital Inc. bought a new stake in Everi in the fourth quarter valued at approximately $52,000. Finally, Advisor Group Inc. lifted its position in Everi by 86.8% in the first quarter. Advisor Group Inc. now owns 5,071 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 2,357 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

EVRI stock traded up $0.12 during mid-day trading on Wednesday, reaching $11.86. 610,000 shares of the company traded hands, compared to its average volume of 995,192. The firm has a market capitalization of $836.29 million, a PE ratio of 118.60, a PEG ratio of 1.91 and a beta of 1.55. Everi has a 52-week low of $4.76 and a 52-week high of $12.24.

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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Earnings History and Estimates for Everi (NYSE:EVRI)

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