Brokerages Anticipate Everi Holdings Inc. (EVRI) Will Post Quarterly Sales of $229.21 Million
Equities analysts expect that Everi Holdings Inc. (NYSE:EVRI) will post sales of $229.21 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Everi Holdings’ earnings. The lowest sales estimate is $226.90 million and the highest is $231.51 million. Everi Holdings reported sales of $222.18 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The firm is expected to announce its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Everi Holdings will report full-year sales of $229.21 million for the current year, with estimates ranging from $933.80 million to $938.89 million. For the next fiscal year, analysts expect that the business will report sales of $984.11 million per share, with estimates ranging from $983.90 million to $984.32 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Everi Holdings.
EVRI has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on shares of Everi Holdings from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Everi Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded shares of Everi Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $7.00.
Everi Holdings (NYSE EVRI) opened at 7.93 on Thursday. Everi Holdings has a 12-month low of $1.21 and a 12-month high of $8.99. The company’s market cap is $529.61 million. The company’s 50-day moving average price is $7.67 and its 200-day moving average price is $7.09.
In other news, Director Geoffrey P. Judge sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $7.70, for a total transaction of $77,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Geoffrey P. Judge sold 60,000 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $8.10, for a total transaction of $486,000.00. The disclosure for this sale can be found here. Insiders sold a total of 85,000 shares of company stock valued at $666,500 over the last ninety days. 4.50% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC grew its position in shares of Everi Holdings by 7.1% during the 2nd quarter. Citadel Advisors LLC now owns 88,549 shares of the credit services provider’s stock valued at $645,000 after acquiring an additional 5,842 shares during the period. 1st Global Advisors Inc. bought a new position in shares of Everi Holdings during the 2nd quarter valued at approximately $101,000. Schwab Charles Investment Management Inc. grew its position in shares of Everi Holdings by 9.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 168,564 shares of the credit services provider’s stock valued at $808,000 after acquiring an additional 14,364 shares during the period. Alliancebernstein L.P. bought a new position in shares of Everi Holdings during the 2nd quarter valued at approximately $108,000. Finally, Crescent Grove Advisors LLC bought a new position in shares of Everi Holdings during the 2nd quarter valued at approximately $109,000. 85.43% of the stock is owned by hedge funds and other institutional investors.
About Everi Holdings
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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