Everi (NYSE:EVRI) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Everi (NYSE:EVRI - Get Free Report) released its earnings results on Monday. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07), Zacks reports. Everi had a return on equity of 5.47% and a net margin of 1.72%.

Everi Price Performance

EVRI opened at $14.09 on Tuesday. The stock's 50-day moving average price is $13.72 and its 200 day moving average price is $13.60. Everi has a 12-month low of $6.37 and a 12-month high of $14.16. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 93.94 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.

Insider Buying and Selling at Everi

In other news, Director Geoffrey P. Judge sold 7,332 shares of Everi stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.73, for a total value of $100,668.36. Following the completion of the transaction, the director now owns 84,240 shares in the company, valued at approximately $1,156,615.20. This trade represents a 8.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Todd A. Valli sold 30,000 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $13.75, for a total value of $412,500.00. Following the transaction, the chief accounting officer now directly owns 57,413 shares of the company's stock, valued at approximately $789,428.75. This 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 currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Everi from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Everi presently has an average rating of "Hold" and an average 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.