Everi Holdings Inc. (EVRI) Issues Quarterly Earnings Results
Everi Holdings Inc. (NYSE:EVRI) posted its quarterly earnings results on Monday. The credit services provider reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.06, Briefing.com reports. The business had revenue of $247.32 million for the quarter, compared to the consensus estimate of $228.37 million. Everi Holdings had a negative return on equity of 16,159.62% and a negative net margin of 26.95%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) EPS.
Shares of Everi Holdings (NYSE EVRI) traded up 3.68% during trading on Tuesday, hitting $8.45. The stock had a trading volume of 852,466 shares. The stock’s market cap is $564.33 million. The stock’s 50-day moving average is $7.71 and its 200-day moving average is $7.26. Everi Holdings has a 12-month low of $1.21 and a 12-month high of $8.99.
EVRI has been the topic of several research analyst reports. BidaskClub downgraded Everi Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Everi Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus boosted their price objective on Everi Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Everi Holdings currently has a consensus rating of “Buy” and a consensus price target of $7.00.
In related news, insider Michael D. Rumbolz sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $6.90, for a total transaction of $103,500.00. Following the transaction, the insider now owns 121,742 shares of the company’s stock, valued at $840,019.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Geoffrey P. Judge sold 60,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $8.10, for a total value of $486,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,000 shares of company stock worth $666,500. Corporate insiders own 4.50% of the company’s stock.
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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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