Everi Holdings Inc. (NYSE:EVRI) Releases Earnings Results, Misses Expectations By $0.20 EPS
Everi Holdings Inc. (NYSE:EVRI) issued its quarterly earnings data on Tuesday. The credit services provider reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.20, Briefing.com reports. Everi Holdings had a negative net margin of 26.88% and a negative return on equity of 16,159.62%. The business had revenue of $242.23 million for the quarter, compared to the consensus estimate of $227.07 million. During the same period in the previous year, the firm earned ($0.16) EPS. The company’s revenue was up 13.2% on a year-over-year basis.
Everi Holdings (NYSE EVRI) traded down 0.13% on Tuesday, hitting $7.42. 751,439 shares of the company were exchanged. Everi Holdings has a 52 week low of $1.21 and a 52 week high of $8.24. The company’s market capitalization is $490.44 million. The firm’s 50 day moving average is $7.39 and its 200 day moving average is $5.50.
A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Everi Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and set a $9.00 price objective (up previously from $7.50) on shares of Everi Holdings in a research report on Monday, June 12th. ValuEngine raised shares of Everi Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Everi Holdings from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $6.69.
In other Everi Holdings news, Director Eileen F. Raney acquired 14,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average price of $6.73 per share, for a total transaction of $94,220.00. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $336,500. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 4.50% of the stock is owned by corporate insiders.
Everi Holdings Company Profile
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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