Equities research analysts expect Everi Holdings Inc (NYSE:EVRI) to announce $132.42 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Everi’s earnings, with the lowest sales estimate coming in at $127.70 million and the highest estimate coming in at $134.90 million. Everi posted sales of $119.50 million in the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The company is scheduled to issue its next quarterly earnings report on Tuesday, March 10th.
According to Zacks, analysts expect that Everi will report full-year sales of $520.49 million for the current fiscal year, with estimates ranging from $515.80 million to $522.90 million. For the next financial year, analysts anticipate that the business will report sales of $568.08 million, with estimates ranging from $562.80 million to $570.40 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Everi.
Everi (NYSE:EVRI) last posted its quarterly earnings data on Tuesday, November 5th. The credit services provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $134.60 million during the quarter, compared to analyst estimates of $129.30 million. Everi had a net margin of 4.90% and a negative return on equity of 19.69%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Eagle Asset Management Inc. raised its stake in Everi by 1.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 6,003,704 shares of the credit services provider’s stock valued at $50,791,000 after purchasing an additional 90,222 shares during the period. BlackRock Inc. increased its position in shares of Everi by 3.6% during the 2nd quarter. BlackRock Inc. now owns 4,946,207 shares of the credit services provider’s stock valued at $59,009,000 after purchasing an additional 169,975 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Everi by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 3,769,231 shares of the credit services provider’s stock valued at $44,968,000 after purchasing an additional 165,245 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Everi by 20.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,378,700 shares of the credit services provider’s stock valued at $40,308,000 after purchasing an additional 565,500 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Everi by 5.9% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,460,172 shares of the credit services provider’s stock valued at $17,420,000 after purchasing an additional 80,982 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.
Everi stock opened at $12.45 on Thursday. The firm has a market capitalization of $905.17 million, a P/E ratio of 124.50, a PEG ratio of 1.84 and a beta of 1.62. The business has a 50-day moving average of $9.56 and a 200-day moving average of $10.41. Everi has a 1 year low of $4.76 and a 1 year high of $12.79.
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 FinTech. 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.
Read More: Leveraged Buyout (LBO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Everi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everi and related companies with MarketBeat.com's FREE daily email newsletter.