Everi (NYSE:EVRI) Issues Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Everi (NYSE:EVRI - Get Free Report) posted its quarterly earnings data on Wednesday. The credit services provider reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.12), Briefing.com reports. The company had revenue of $189.30 million for the quarter, compared to analyst estimates of $188.82 million. Everi had a net margin of 10.40% and a return on equity of 42.93%. Everi's revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS.

Everi Stock Down 1.9 %

Everi stock traded down $0.16 during mid-day trading on Thursday, hitting $7.81. The company's stock had a trading volume of 1,448,266 shares, compared to its average volume of 1,081,824. Everi has a 52-week low of $7.57 and a 52-week high of $17.85. The company has a market cap of $653.90 million, a PE ratio of 8.67 and a beta of 2.09. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.05 and a quick ratio of 0.97. The firm's 50 day moving average is $9.07 and its 200 day moving average is $10.27.

Insider Buying and Selling at Everi

In related news, Director Geoffrey P. Judge sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $8.17, for a total transaction of $245,100.00. Following the transaction, the director now directly owns 91,572 shares of the company's stock, valued at $748,143.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Everi news, Director Geoffrey P. Judge sold 30,000 shares of the company's stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $8.17, for a total value of $245,100.00. Following the transaction, the director now directly owns 91,572 shares of the company's stock, valued at approximately $748,143.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Todd A. Valli sold 15,000 shares of Everi stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $8.05, for a total value of $120,750.00. Following the sale, the chief accounting officer now owns 49,440 shares of the company's stock, valued at $397,992. The disclosure for this sale can be found here. Insiders have sold a total of 90,000 shares of company stock valued at $729,000 in the last 90 days. 6.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EVRI has been the subject of a number of research reports. StockNews.com cut shares of Everi from a "buy" rating to a "hold" rating in a report on Friday, March 1st. Stifel Nicolaus decreased their target price on Everi from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday. Jefferies Financial Group reaffirmed a "hold" rating and set a $13.00 target price (down from $18.00) on shares of Everi in a report on Friday, March 1st. B. Riley assumed coverage on Everi in a research report on Friday, April 5th. They issued a "neutral" rating and a $12.00 price target for the company. Finally, Truist Financial cut their price objective on Everi from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.60.

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.