Wall Street brokerages expect Everi Holdings Inc (NYSE:EVRI) to report $232.94 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Everi’s earnings, with the lowest sales estimate coming in at $227.20 million and the highest estimate coming in at $238.67 million. Everi posted sales of $217.51 million during the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The business is expected to report its next quarterly earnings report on Tuesday, March 13th.
On average, analysts expect that Everi will report full-year sales of $232.94 million for the current year, with estimates ranging from $933.80 million to $965.76 million. For the next fiscal year, analysts expect that the firm will report sales of $1.00 billion per share, with estimates ranging from $983.90 million to $1.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Everi.
Everi (NYSE:EVRI) last announced its quarterly earnings results on Monday, October 30th. The credit services provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The business had revenue of $247.32 million for the quarter, compared to analyst estimates of $228.37 million. During the same period last year, the firm earned ($0.12) EPS. Everi’s quarterly revenue was up 11.3% compared to the same quarter last year.
Everi (NYSE EVRI) opened at $7.40 on Friday. Everi has a 12-month low of $2.84 and a 12-month high of $8.99. The company has a debt-to-equity ratio of -9.13, a current ratio of 0.98 and a quick ratio of 0.91. The company has a market capitalization of $496.88, a P/E ratio of -2.01 and a beta of 1.04.
In related news, Director Eileen F. Raney purchased 9,000 shares of Everi stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average price of $8.65 per share, with a total value of $77,850.00. Following the completion of the transaction, the director now directly owns 59,000 shares of the company’s stock, valued at approximately $510,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Juliet Lim sold 133,515 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $8.33, for a total value of $1,112,179.95. Following the sale, the executive vice president now directly owns 43,370 shares in the company, valued at approximately $361,272.10. The disclosure for this sale can be found here. Insiders sold 436,878 shares of company stock worth $3,572,343 in the last ninety days. 4.50% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. 1st Global Advisors Inc. acquired a new stake in Everi during the second quarter worth approximately $101,000. Alliancebernstein L.P. acquired a new stake in Everi during the second quarter worth approximately $108,000. Legal & General Group Plc acquired a new stake in Everi during the second quarter worth approximately $121,000. LMR Partners LLP acquired a new stake in Everi during the third quarter worth approximately $162,000. Finally, QS Investors LLC acquired a new stake in Everi during the second quarter worth approximately $197,000. 84.05% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Everi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everi and related companies with MarketBeat.com's FREE daily email newsletter.