Everi Holdings Inc. provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment. It also provides financial access services, such as funds dispensed, credit card and POS debit card financial access transactions; check warranty; CashClub, a software payments platform that provides gaming establishments with a personal computer workstation software user interface and point-of-sale terminal; CashClub Wallet, a digital payments platform for gaming establishments; fully integrated kiosks that provide multiple functions to the casino floor; loyalty kiosk and related equipment; and other integrated kiosk solutions. In addition, the company offers non-funds dispensing terminals that perform authorizations for credit card financial access and POS debit card financial access transactions; and database services. Further, it provides Everi Compliance solutions to assist casino operators with meeting regulatory requirements; Central Credit, a gaming patron credit bureau service; JackpotXpress, a jackpot payout and tax form management platform; and loyalty platform, as well as support and maintenance services. The company was formerly known as Global Cash Access Holdings, Inc. and changed its name to Everi Holdings Inc. in August 2015. Everi Holdings Inc. was founded in 1998 and is headquartered in Las Vegas, Nevada.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. StockNews.com upgraded Everi from a "hold" rating to a "buy" rating in a report on Friday. B. Riley dropped their price objective on Everi from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, June 28th. Stifel Nicolaus lowered their price target on Everi from $30.00 to $24.00 in a report on Monday, August 1st. Raymond James increased their price target on Everi from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Thursday, August 4th. Finally, Truist Financial lowered their price target on Everi from $32.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, July 20th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Everi has a consensus rating of "Buy" and a consensus target price of $28.75.
Everi Stock Up 2.3 %
Shares of Everi stock traded up $0.47 during trading hours on Friday, hitting $20.88. 392,459 shares of the company's stock traded hands, compared to its average volume of 726,008. The company has a quick ratio of 1.06, a current ratio of 1.18 and a debt-to-equity ratio of 4.81. Everi has a twelve month low of $15.05 and a twelve month high of $26.61. The stock has a 50 day simple moving average of $17.73 and a 200-day simple moving average of $19.14. The company has a market cap of $1.88 billion, a PE ratio of 13.10 and a beta of 2.50.
Everi (NYSE:EVRI - Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The credit services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. Everi had a net margin of 21.84% and a return on equity of 73.32%. The business had revenue of $175.60 million for the quarter, compared to analysts' expectations of $169.38 million. During the same quarter last year, the company posted $0.21 earnings per share. The company's quarterly revenue was up 26.2% compared to the same quarter last year. Equities research analysts anticipate that Everi will post 1.31 earnings per share for the current fiscal year.
Insider Transactions at Everi
In other news, Director Geoffrey P. Judge sold 1,424 shares of the stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total transaction of $25,632.00. Following the transaction, the director now owns 51,572 shares of the company's stock, valued at $928,296. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Everi news, Director Geoffrey P. Judge sold 1,424 shares of the firm's stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $18.00, for a total value of $25,632.00. Following the transaction, the director now owns 51,572 shares of the company's stock, valued at $928,296. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geoffrey P. Judge sold 3,000 shares of the firm's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $19.00, for a total transaction of $57,000.00. Following the completion of the transaction, the director now directly owns 51,572 shares in the company, valued at approximately $979,868. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,424 shares of company stock valued at $142,632. Insiders own 4.60% of the company's stock.
