Jefferies Financial Group Weighs in on Everi Holdings Inc’s FY2018 Earnings (EVRI)

Everi Holdings Inc (NYSE:EVRI) – Equities researchers at Jefferies Financial Group upped their FY2018 earnings estimates for Everi in a report issued on Wednesday, November 7th. Jefferies Financial Group analyst D. Katz now forecasts that the credit services provider will post earnings per share of $0.03 for the year, up from their prior forecast of ($0.02). Jefferies Financial Group currently has a “Buy” rating and a $12.00 price target on the stock. Jefferies Financial Group also issued estimates for Everi’s Q4 2018 earnings at ($0.08) EPS, Q3 2019 earnings at $0.04 EPS and Q4 2019 earnings at ($0.04) EPS.

Everi (NYSE:EVRI) last released its quarterly earnings data on Tuesday, November 6th. The credit services provider reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $120.30 million during the quarter, compared to the consensus estimate of $113.53 million. During the same period in the previous year, the firm earned ($0.06) EPS. The business’s revenue was up 17.3% compared to the same quarter last year.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Everi from a “sell” rating to a “hold” rating and set a $9.00 price objective on the stock in a research note on Monday, August 6th. TheStreet raised Everi from a “d+” rating to a “c-” rating in a research report on Monday, August 6th. Finally, Stifel Nicolaus assumed coverage on Everi in a research report on Thursday, September 13th. They set a “buy” rating and a $13.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Everi presently has an average rating of “Buy” and an average target price of $11.00.

NYSE:EVRI opened at $7.64 on Friday. Everi has a 1 year low of $6.08 and a 1 year high of $9.82. The company has a market capitalization of $517.42 million, a price-to-earnings ratio of -24.65, a PEG ratio of 9.30 and a beta of 1.52.

Institutional investors have recently made changes to their positions in the business. Teton Advisors Inc. bought a new position in Everi in the 2nd quarter valued at $108,000. WINTON GROUP Ltd purchased a new stake in shares of Everi in the 1st quarter worth $108,000. Cowen Prime Services LLC purchased a new stake in shares of Everi in the 3rd quarter worth $115,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Everi by 107.1% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 34,800 shares of the credit services provider’s stock worth $229,000 after buying an additional 18,000 shares during the period. Finally, MetLife Investment Advisors LLC lifted its holdings in shares of Everi by 87.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 31,818 shares of the credit services provider’s stock worth $229,000 after buying an additional 14,864 shares during the period. 89.87% of the stock is currently owned by institutional investors.

In other Everi news, CAO Todd A. Valli sold 20,000 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $9.34, for a total value of $186,800.00. Following the transaction, the chief accounting officer now owns 21,708 shares of the company’s stock, valued at approximately $202,752.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edward Adam Peters sold 66,251 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $9.06, for a total value of $600,234.06. Following the completion of the transaction, the executive vice president now directly owns 60,388 shares in the company, valued at approximately $547,115.28. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

Everi Company Profile

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 Payments. 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.

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Earnings History and Estimates for Everi (NYSE:EVRI)

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