Everi Holdings Inc (NYSE:EVRI) to Post FY2019 Earnings of $0.31 Per Share, Jefferies Financial Group Forecasts

Everi Holdings Inc (NYSE:EVRI) – Equities researchers at Jefferies Financial Group raised their FY2019 earnings estimates for shares of Everi in a report issued on Tuesday, November 5th. Jefferies Financial Group analyst D. Katz now forecasts that the credit services provider will post earnings per share of $0.31 for the year, up from their previous forecast of $0.25. Jefferies Financial Group also issued estimates for Everi’s Q1 2020 earnings at $0.11 EPS, Q2 2020 earnings at $0.18 EPS, Q3 2020 earnings at $0.18 EPS, Q4 2020 earnings at ($0.03) EPS, FY2020 earnings at $0.44 EPS and FY2021 earnings at $0.71 EPS.

Several other equities analysts have also recently commented on the stock. TheStreet cut shares of Everi from a “c” rating to a “d+” rating in a research note on Monday, August 26th. Macquarie assumed coverage on shares of Everi in a research note on Thursday, September 26th. They set an “outperform” rating and a $12.00 target price for the company. Raymond James set a $14.00 target price on shares of Everi and gave the company a “buy” rating in a research note on Wednesday, August 7th. ValuEngine cut shares of Everi from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Zacks Investment Research cut shares of Everi from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $11.95.

Shares of Everi stock traded up $0.40 on Friday, reaching $12.40. The stock had a trading volume of 17,925 shares, compared to its average volume of 539,555. The stock has a market cap of $750.70 million, a P/E ratio of 124.00, a price-to-earnings-growth ratio of 1.79 and a beta of 1.62. Everi has a fifty-two week low of $4.76 and a fifty-two week high of $12.56. The business’s 50-day moving average price is $9.22 and its two-hundred day moving average price is $10.35.

Everi (NYSE:EVRI) last issued its quarterly earnings data on Tuesday, November 5th. The credit services provider reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.04. Everi had a net margin of 4.90% and a negative return on equity of 18.45%. The business had revenue of $134.60 million during the quarter, compared to analysts’ expectations of $129.30 million. During the same period in the previous year, the company earned $0.03 earnings per share. Everi’s revenue for the quarter was up 11.9% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its stake in Everi by 12.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 53,370 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 5,955 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Everi by 50.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,462 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 1,165 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Everi by 1.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 6,003,704 shares of the credit services provider’s stock valued at $50,791,000 after purchasing an additional 90,222 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in Everi by 35.6% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 82,540 shares of the credit services provider’s stock valued at $698,000 after purchasing an additional 21,670 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in Everi by 147.9% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 841,970 shares of the credit services provider’s stock valued at $7,123,000 after buying an additional 502,295 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

About Everi

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 FinTech. 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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Earnings History and Estimates for Everi (NYSE:EVRI)

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