EVI Industries (NYSEAMERICAN:EVI) Announces Quarterly Earnings Results

EVI Industries (NYSEAMERICAN:EVIGet Free Report) released its quarterly earnings data on Friday. The industrial products company reported $0.09 EPS for the quarter, reports. The company had revenue of $91.36 million for the quarter. EVI Industries had a return on equity of 5.55% and a net margin of 1.98%.

EVI Industries Trading Up 5.3 %

Shares of EVI opened at $22.30 on Monday. The company has a market capitalization of $311.53 million, a PE ratio of 44.60 and a beta of 0.35. The company has a quick ratio of 0.91, a current ratio of 1.72 and a debt-to-equity ratio of 0.25. EVI Industries has a 52 week low of $17.00 and a 52 week high of $28.65.

Analyst Ratings Changes

Separately, TheStreet downgraded EVI Industries from a “b-” rating to a “c+” rating in a report on Monday, December 4th.

Get Our Latest Stock Analysis on EVI

Insider Buying and Selling

In related news, Director Hal M. Lucas sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $24.97, for a total value of $37,455.00. Following the sale, the director now owns 4,718 shares of the company’s stock, valued at approximately $117,808.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other EVI Industries news, EVP Thomas Marks sold 7,465 shares of EVI Industries stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $25.21, for a total transaction of $188,192.65. Following the sale, the executive vice president now owns 104,498 shares of the company’s stock, valued at approximately $2,634,394.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hal M. Lucas sold 1,500 shares of EVI Industries stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $24.97, for a total value of $37,455.00. Following the sale, the director now directly owns 4,718 shares in the company, valued at approximately $117,808.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,507 shares of company stock valued at $239,206. Insiders own 54.10% of the company’s stock.

Institutional Trading of EVI Industries

Several hedge funds have recently added to or reduced their stakes in EVI. US Bancorp DE grew its holdings in shares of EVI Industries by 214.3% in the 1st quarter. US Bancorp DE now owns 1,320 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 900 shares during the last quarter. Barclays PLC acquired a new position in shares of EVI Industries in the 4th quarter worth $29,000. California State Teachers Retirement System acquired a new position in shares of EVI Industries in the 2nd quarter worth $35,000. BNP Paribas Arbitrage SNC grew its holdings in shares of EVI Industries by 68,233.3% during the second quarter. BNP Paribas Arbitrage SNC now owns 2,050 shares of the industrial products company’s stock valued at $45,000 after buying an additional 2,047 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of EVI Industries during the second quarter valued at $46,000. Institutional investors own 36.40% of the company’s stock.

About EVI Industries

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EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.

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Earnings History for EVI Industries (NYSEAMERICAN:EVI)

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