Everi Holdings Inc (NYSE:EVRI) – Analysts at Jefferies Group reduced their Q1 2018 earnings per share estimates for Everi in a report released on Tuesday. Jefferies Group analyst D. Katz now expects that the credit services provider will earn ($0.03) per share for the quarter, down from their prior forecast of $0.11. Jefferies Group has a “Buy” rating and a $11.00 price target on the stock. Jefferies Group also issued estimates for Everi’s Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.12) EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at ($0.01) EPS, Q4 2019 earnings at ($0.01) EPS and FY2019 earnings at ($0.01) EPS.
Separately, Telsey Advisory Group assumed coverage on shares of Everi in a report on Tuesday. They issued an “outperform” rating and a $10.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $10.67.
Everi (NYSE:EVRI) opened at $7.10 on Friday. The company has a market cap of $512.66, a price-to-earnings ratio of -9.22 and a beta of 1.04. Everi has a 1-year low of $3.98 and a 1-year high of $8.99. The company has a debt-to-equity ratio of -9.13, a current ratio of 0.98 and a quick ratio of 0.91.
In related news, insider Michael D. Rumbolz sold 33,366 shares of Everi stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total value of $266,928.00. Following the transaction, the insider now directly owns 110,302 shares in the company, valued at approximately $882,416. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director E Miles Kilburn sold 150,000 shares of Everi stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $8.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the director now owns 182,186 shares in the company, valued at $1,457,488. The disclosure for this sale can be found here. Insiders sold a total of 192,500 shares of company stock worth $1,540,000 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Monarch Partners Asset Management LLC purchased a new position in Everi in the 4th quarter valued at $436,000. California State Teachers Retirement System purchased a new position in Everi in the 2nd quarter valued at $821,000. New York State Common Retirement Fund grew its position in Everi by 22.4% in the 3rd quarter. New York State Common Retirement Fund now owns 66,200 shares of the credit services provider’s stock valued at $502,000 after buying an additional 12,100 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Everi by 2,051.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,689 shares of the credit services provider’s stock valued at $377,000 after buying an additional 49,286 shares during the last quarter. Finally, State Street Corp grew its position in Everi by 1,586.2% in the 2nd quarter. State Street Corp now owns 1,045,754 shares of the credit services provider’s stock valued at $7,608,000 after buying an additional 983,736 shares during the last quarter. Hedge funds and other institutional investors own 91.10% of the company’s stock.
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Everi Company Profile
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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