Everi Holdings Inc (EVRI) Expected to Announce Earnings of -$0.01 Per Share

Equities research analysts expect Everi Holdings Inc (NYSE:EVRI) to report ($0.01) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Everi’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.02). Everi reported earnings per share of ($0.06) during the same quarter last year, which would indicate a positive year-over-year growth rate of 83.3%. The firm is scheduled to issue its next earnings report on Monday, October 29th.

According to Zacks, analysts expect that Everi will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.11. For the next financial year, analysts forecast that the business will report earnings of $0.11 per share, with EPS estimates ranging from $0.05 to $0.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Everi.

Everi (NYSE:EVRI) last released its quarterly earnings data on Tuesday, August 7th. The credit services provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.04). The firm had revenue of $118.68 million during the quarter, compared to analysts’ expectations of $110.17 million.

A number of research analysts have recently commented on EVRI shares. Jefferies Financial Group upped their price target on Everi from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded Everi from a “sell” rating to a “hold” rating and set a $9.00 price objective on the stock in a research note on Monday, August 6th. TheStreet upgraded Everi from a “d+” rating to a “c-” rating in a research note on Monday, August 6th. Stifel Nicolaus started coverage on Everi in a research note on Thursday. They set a “buy” rating and a $13.00 price objective on the stock. Finally, ValuEngine upgraded Everi from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.00.

Shares of NYSE EVRI traded up $0.18 during trading on Thursday, reaching $9.48. 1,463,888 shares of the stock traded hands, compared to its average volume of 427,726. Everi has a 52-week low of $6.08 and a 52-week high of $9.81. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of -9.62.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its position in Everi by 50.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 234,771 shares of the credit services provider’s stock valued at $1,690,000 after buying an additional 79,170 shares in the last quarter. Pacific Grove Capital LP purchased a new position in shares of Everi in the 2nd quarter worth $2,160,000. Private Capital Management LLC boosted its stake in shares of Everi by 4.4% in the 2nd quarter. Private Capital Management LLC now owns 3,587,388 shares of the credit services provider’s stock worth $25,829,000 after buying an additional 151,260 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of Everi by 87.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 31,818 shares of the credit services provider’s stock worth $229,000 after buying an additional 14,864 shares during the last quarter. Finally, PEAK6 Investments L.P. boosted its stake in shares of Everi by 134.8% in the 2nd quarter. PEAK6 Investments L.P. now owns 83,681 shares of the credit services provider’s stock worth $603,000 after buying an additional 48,036 shares during the last quarter. Institutional investors and hedge funds own 88.75% 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 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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

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Earnings History and Estimates for Everi (NYSE:EVRI)

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