Everi (EVRI) Scheduled to Post Quarterly Earnings on Wednesday

Everi (NYSE:EVRI) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Everi (NYSE:EVRI) last posted its earnings results on Thursday, February 29th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.19). Everi had a net margin of 10.40% and a return on equity of 42.93%. The company had revenue of $192.00 million for the quarter, compared to the consensus estimate of $200.99 million. During the same quarter in the prior year, the company posted $0.28 EPS. Everi’s revenue was down 6.5% on a year-over-year basis. On average, analysts expect Everi to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Everi Stock Performance

Shares of EVRI stock opened at $8.04 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 4.28. The company has a 50 day moving average price of $9.34 and a 200-day moving average price of $10.34. Everi has a 52 week low of $7.97 and a 52 week high of $17.85. The firm has a market capitalization of $673.59 million, a PE ratio of 8.93 and a beta of 2.09.

Insiders Place Their Bets

In other news, EVP Darren Simmons sold 45,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $8.07, for a total value of $363,150.00. Following the completion of the sale, the executive vice president now directly owns 152,550 shares of the company’s stock, valued at $1,231,078.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Darren Simmons sold 45,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $8.07, for a total value of $363,150.00. Following the transaction, the executive vice president now directly owns 152,550 shares in the company, valued at $1,231,078.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Geoffrey P. Judge sold 30,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the transaction, the director now directly owns 91,572 shares of the company’s stock, valued at approximately $748,143.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,000 shares of company stock worth $729,000. Company insiders own 6.40% of the company’s stock.

Analyst Ratings Changes

EVRI has been the topic of a number of research reports. StockNews.com downgraded Everi from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reduced their price target on shares of Everi from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. B. Riley assumed coverage on shares of Everi in a report on Friday, April 5th. They issued a “neutral” rating and a $12.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $13.00 target price (down from $18.00) on shares of Everi in a report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Everi Company Profile

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.