Everi Holdings Inc (NYSE:EVRI) Forecasted to Earn Q1 2018 Earnings of ($0.03) Per Share

Everi Holdings Inc (NYSE:EVRI) – Jefferies Group reduced their Q1 2018 earnings per share (EPS) estimates for shares of Everi in a note issued to investors on Tuesday, March 13th, according to Zacks Investment Research. Jefferies Group analyst D. Katz now anticipates that the credit services provider will post earnings of ($0.03) per share for the quarter, down from their previous forecast of $0.11. Jefferies Group currently has a “Buy” rating and a $11.00 target price 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.

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Everi (NYSE:EVRI) last issued its quarterly earnings results on Tuesday, March 13th. The credit services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The company had revenue of $247.86 million during the quarter, compared to analysts’ expectations of $231.70 million.

EVRI has been the topic of a number of other research reports. ValuEngine raised Everi from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Telsey Advisory Group assumed coverage on Everi in a report on Tuesday, March 13th. They set an “outperform” rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Everi currently has an average rating of “Buy” and a consensus target price of $10.67.

EVRI traded down $0.17 on Friday, reaching $6.40. The company’s stock had a trading volume of 636,334 shares, compared to its average volume of 866,890. The company has a debt-to-equity ratio of -8.25, a quick ratio of 0.92 and a current ratio of 0.97. Everi has a 1 year low of $4.70 and a 1 year high of $8.99. The company has a market capitalization of $431.15, a P/E ratio of -20.65 and a beta of 1.14.

In related news, insider Michael D. Rumbolz sold 33,366 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $8.00, for a total value of $266,928.00. Following the sale, the insider now owns 110,302 shares of the company’s stock, valued at approximately $882,416. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director E Miles Kilburn sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $8.00, for a total value of $1,200,000.00. Following the completion of the sale, the director now directly owns 182,186 shares in the company, valued at approximately $1,457,488. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 192,500 shares of company stock worth $1,540,000. 4.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in EVRI. Alliancebernstein L.P. acquired a new stake in Everi in the 2nd quarter valued at approximately $108,000. Stone Ridge Asset Management LLC acquired a new stake in Everi in the 4th quarter valued at approximately $120,000. Ladenburg Thalmann Financial Services Inc. increased its position in Everi by 740.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,800 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 14,800 shares during the period. LMR Partners LLP acquired a new stake in Everi in the 3rd quarter valued at approximately $162,000. Finally, Teacher Retirement System of Texas acquired a new stake in Everi in the 4th quarter valued at approximately $177,000. 91.10% of the stock is currently owned by institutional investors and hedge funds.

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About Everi

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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Earnings History and Estimates for Everi (NYSE:EVRI)

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