Brokerages Anticipate Everi Holdings Inc (EVRI) Will Post Quarterly Sales of $112.71 Million

Brokerages expect that Everi Holdings Inc (NYSE:EVRI) will announce sales of $112.71 million for the current quarter, Zacks reports. Three analysts have issued estimates for Everi’s earnings, with estimates ranging from $110.93 million to $116.10 million. Everi posted sales of $247.32 million during the same quarter last year, which would indicate a negative year over year growth rate of 54.4%. The company is scheduled to report its next earnings report after the market closes on Tuesday, November 6th.

On average, analysts expect that Everi will report full year sales of $456.70 million for the current financial year, with estimates ranging from $453.60 million to $462.60 million. For the next fiscal year, analysts expect that the business will report sales of $483.54 million, with estimates ranging from $472.82 million to $501.50 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow 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 analysts’ consensus estimates of $0.09 by ($0.04). The firm had revenue of $118.68 million for the quarter, compared to the consensus estimate of $110.17 million.

Several equities analysts recently issued reports on EVRI shares. Stifel Nicolaus started coverage on shares of Everi in a report on Thursday, September 13th. They set a “buy” rating and a $13.00 price target for the company. Jefferies Financial Group lifted their price target on shares of Everi from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. ValuEngine raised shares of Everi from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. TheStreet raised shares of Everi from a “d+” rating to a “c-” rating in a report on Monday, August 6th. Finally, Zacks Investment Research downgraded shares of Everi from a “buy” rating to a “hold” rating in a report on Monday, October 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Everi currently has an average rating of “Buy” and an average price target of $11.00.

In other Everi news, CAO Todd A. Valli sold 20,000 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $9.34, for a total value of $186,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,708 shares of the company’s stock, valued at $202,752.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Edward Adam Peters sold 66,251 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $9.06, for a total transaction of $600,234.06. Following the completion of the transaction, the executive vice president now directly owns 60,388 shares of the company’s stock, valued at $547,115.28. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Everi by 8.6% in the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 125,400 shares of the credit services provider’s stock worth $824,000 after acquiring an additional 9,900 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Everi by 4.3% in the second quarter. American Century Companies Inc. now owns 279,479 shares of the credit services provider’s stock worth $2,012,000 after acquiring an additional 11,472 shares during the last quarter. MetLife Investment Advisors LLC raised its stake in shares of Everi by 87.7% in the second quarter. MetLife Investment Advisors LLC now owns 31,818 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 14,864 shares during the last quarter. Teton Advisors Inc. bought a new position in shares of Everi in the second quarter worth about $108,000. Finally, WINTON GROUP Ltd bought a new position in shares of Everi in the first quarter worth about $108,000. 89.03% of the stock is owned by institutional investors.

EVRI stock traded down $0.12 during trading on Friday, hitting $7.54. 896,400 shares of the stock traded hands, compared to its average volume of 618,148. Everi has a one year low of $6.08 and a one year high of $9.82. The company has a market capitalization of $536.20 million, a P/E ratio of -24.19, a P/E/G ratio of 9.64 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of -9.62.

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.

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