Everi Holdings Inc (EVRI) Expected to Post Quarterly Sales of $232.94 Million

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.

Several research firms have recently commented on EVRI. Stifel Nicolaus reaffirmed a “buy” rating and issued a $11.00 target price on shares of Everi in a research report on Wednesday, November 1st. BidaskClub raised Everi from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $7.33.

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.

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About Everi

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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