Everi Holdings Inc (NYSE:EVRI) – Equities research analysts at Jefferies Financial Group boosted their FY2018 EPS estimates for shares of Everi in a research note issued to investors on Wednesday, November 7th. Jefferies Financial Group analyst D. Katz now forecasts that the credit services provider will earn $0.03 per share for the year, up from their prior estimate of ($0.02). Jefferies Financial Group currently has a “Buy” rating and a $12.00 target price on the stock. Jefferies Financial Group also issued estimates for Everi’s Q4 2018 earnings at ($0.08) EPS, Q3 2019 earnings at $0.04 EPS and Q4 2019 earnings at ($0.04) EPS.
EVRI has been the subject of several other reports. Stifel Nicolaus initiated coverage on Everi in a report on Thursday, September 13th. They issued a “buy” rating and a $13.00 price target for the company. Zacks Investment Research downgraded Everi from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, TheStreet upgraded Everi from a “d+” rating to a “c-” rating in a report on Monday, August 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $11.00.
Shares of NYSE EVRI opened at $7.64 on Friday. Everi has a 12-month low of $6.08 and a 12-month high of $9.82. The firm has a market capitalization of $517.42 million, a P/E ratio of -24.65, a P/E/G ratio of 9.30 and a beta of 1.52.
Everi (NYSE:EVRI) last announced its quarterly earnings results on Tuesday, November 6th. The credit services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $120.30 million during the quarter, compared to analyst estimates of $113.53 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis.
In other news, EVP Edward Adam Peters sold 66,251 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $9.06, for a total transaction of $600,234.06. Following the transaction, the executive vice president now owns 60,388 shares of the company’s stock, valued at $547,115.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Todd A. Valli sold 20,000 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $9.34, for a total transaction of $186,800.00. Following the transaction, the chief accounting officer now directly owns 21,708 shares in the company, valued at approximately $202,752.72. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.
Several hedge funds have recently modified their holdings of EVRI. BlackRock Inc. lifted its holdings in Everi by 9.2% in the second quarter. BlackRock Inc. now owns 5,421,765 shares of the credit services provider’s stock worth $39,035,000 after acquiring an additional 456,712 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Everi by 2.4% in the third quarter. Eagle Asset Management Inc. now owns 5,047,629 shares of the credit services provider’s stock worth $46,286,000 after acquiring an additional 116,467 shares during the last quarter. Private Capital Management LLC increased its stake in shares of Everi by 4.4% in the second quarter. Private Capital Management LLC now owns 3,587,388 shares of the credit services provider’s stock valued at $25,829,000 after purchasing an additional 151,260 shares during the period. Penn Capital Management Co. Inc. increased its stake in shares of Everi by 45.5% in the second quarter. Penn Capital Management Co. Inc. now owns 1,819,066 shares of the credit services provider’s stock valued at $13,112,000 after purchasing an additional 568,864 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Everi in the third quarter valued at approximately $12,580,000. 89.87% of the stock is currently owned by institutional investors and hedge funds.
Everi Company Profile
Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.
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