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.
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.
COPYRIGHT VIOLATION WARNING: This article was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/08/q1-2018-eps-estimates-for-everi-holdings-inc-cut-by-analyst-evri.html.
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.
Get a free copy of the Zacks research report on Everi (EVRI)
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.