Everi (NYSE:EVRI) Announces Earnings Results, Misses Expectations By $0.07 EPS

Everi (NYSE:EVRI - Get Free Report) issued its earnings results on Monday. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07), Zacks reports. The firm had revenue of $181.30 million during the quarter, compared to the consensus estimate of $193.22 million. Everi had a return on equity of 5.47% and a net margin of 1.72%.

Everi Stock Performance

EVRI stock traded up $0.01 during midday trading on Friday, reaching $14.08. 1,325,725 shares of the company's stock traded hands, compared to its average volume of 1,331,735. Everi has a 52-week low of $6.37 and a 52-week high of $14.10. The stock has a market cap of $1.22 billion, a P/E ratio of 93.84 and a beta of 1.31. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The stock's 50-day moving average is $13.75 and its 200 day moving average is $13.62.

Insider Buying and Selling at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the sale, the director now directly owns 84,240 shares of the company's stock, valued at $1,156,615.20. This represents a 8.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $13.75, for a total transaction of $412,500.00. Following the completion of the sale, the chief accounting officer now directly owns 57,413 shares of the company's stock, valued at approximately $789,428.75. This trade represents a 34.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everi

A hedge fund recently raised its stake in Everi stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 4.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 48,210 shares of the credit services provider's stock after purchasing an additional 2,110 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Everi worth $659,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.83.

About Everi

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.