Everi Holdings Inc. (NYSE:EVRI) Receives Average Recommendation of “Buy” From Analysts
Everi Holdings Inc. (NYSE:EVRI – Get Rating) has been given an average rating of “Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $31.50.
Several research analysts recently commented on EVRI shares. Zacks Investment Research lowered shares of Everi from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. TheStreet raised Everi from a “c” rating to a “b” rating in a research report on Friday, April 1st. StockNews.com cut Everi from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 19th. Roth Capital initiated coverage on Everi in a research note on Tuesday, April 5th. They set a “buy” rating on the stock. Finally, B. Riley decreased their price objective on shares of Everi from $40.00 to $36.00 in a research report on Tuesday, May 17th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cornercap Investment Counsel Inc. purchased a new stake in shares of Everi in the third quarter worth about $1,256,000. AE Wealth Management LLC acquired a new position in shares of Everi during the 4th quarter worth about $701,000. Point72 Hong Kong Ltd purchased a new position in Everi in the 3rd quarter valued at about $335,000. Allspring Global Investments Holdings LLC purchased a new stake in Everi during the 4th quarter worth approximately $1,159,000. Finally, Cowbird Capital LP acquired a new position in shares of Everi during the third quarter valued at approximately $29,752,000. Institutional investors and hedge funds own 88.40% of the company’s stock.
Shares of EVRI stock opened at $16.63 on Tuesday. The company’s 50 day moving average is $19.07 and its 200 day moving average is $20.55. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 4.60. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 10.27 and a beta of 2.61. Everi has a 52-week low of $15.05 and a 52-week high of $26.61.
Everi (NYSE:EVRI – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Everi had a return on equity of 98.81% and a net margin of 23.52%. The business had revenue of $175.60 million for the quarter, compared to the consensus estimate of $169.38 million. During the same period last year, the business posted $0.21 EPS. The business’s revenue was up 26.2% compared to the same quarter last year. Analysts anticipate that Everi will post 1.33 EPS for the current fiscal year.
About Everi (Get Rating)
Everi Holdings Inc provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment.
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