B. Riley comments on Everi Holdings Inc.’s third quarter 2021 results (NYSE: EVRI)
Everi Holdings Inc. (NYSE: EVRI) – Research analysts at B. Riley increased their estimates of third quarter 2021 earnings per share for Everi shares in a note to investors on Thursday, August 5. B. Riley analyst D. Bain now expects the credit services provider to post earnings per share of $ 0.36 for the quarter, up from its previous estimate of $ 0.29. B. Riley currently has a “Buy” rating and a target share price of $ 39.00. B. Riley also released estimates for Everi’s Q4 2021 earnings at $ 0.34 EPS, FY2021 earnings at $ 1.32 EPS, Q1 2022 earnings at $ 0.34 EPS, Q2 2022 earnings at $ 0.44 EPS, Q3 2022 earnings at $ 0.39 EPS, Q4 2022 earnings at $ 0.37 EPS, T1 2023 earnings at $ 0.35 EPS, Q2 2023 earnings at $ 0.49 EPS and FY2023 earnings at $ 1.72 EPS.
A number of other research companies have also recently commented on EVRI. Jefferies Financial Group assumed cover of Everi in a research note on Tuesday, July 6. They issued a “buy” note and a price target of $ 30.00 for the company. Zacks investment research upgraded Everi from a “keep” rating to a “buy” rating and set a target price of $ 20.00 on the stock in a research report on Tuesday, May 11. Macquarie raised his price target on Everi from $ 19 to $ 25 in a research report on Thursday, May 6. Raymond James increased his price target on Everi from $ 19.00 to $ 23.00 and gave the company a “strong buy” rating in a report released Thursday, May 6. Finally, TheStreet took Everi from a “d +” rating to a “c +” rating in a report released on Tuesday, May 25. Eight research analysts rated the stock with a buy rating and one gave the stock a strong buy rating. The stock currently has an average rating of “Buy” and an average price target of $ 25.22.
Actions of EVRI actions open for $ 22.02 Friday. Everi has a minimum of $ 6.60 over 12 months and a maximum of $ 25.90 over 12 months. The company’s fifty-day simple moving average is $ 23.03. The company has a debt ratio of 64.39, a rapid ratio of 1.35 and a current ratio of 1.43. The company has a market cap of $ 1.94 billion, a P / E ratio of -37.32 and a beta of 2.99. Everi (NYSE: EVRI) last released its quarterly earnings data on Wednesday, August 4. The credit services provider reported earnings per share of $ 0.36 for the quarter, beating analysts’ consensus estimates of $ 0.32 per $ 0.04. Everi recorded a negative return on equity of 13,310.05% and a negative net margin of 11.65%.
In addition, COO Randy L. Taylor sold 49,859 shares of the company in a transaction dated Thursday, July 1. The stock was sold for an average price of $ 25.56, for a total value of $ 1,274,396.04. Following the closing of the transaction, the COO now owns 249,355 shares of the company, valued at approximately $ 6,373,513.80. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which can be accessed via the SEC website. In addition, principal Eileen F. Raney sold 34,000 shares in a transaction that took place on Friday July 9th. The shares were sold at an average price of $ 23.94, for a total value of $ 813,960.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 124,112 shares of the company valued at $ 3,043,470. 5.80% of the shares are held by insiders of the company.
Several hedge funds have recently bought and sold shares in the company. Gilder Gagnon Howe & Co. LLC increased its position in Everi shares by 5.3% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 1,902,887 shares of the credit service provider valued at $ 26,850,000 after acquiring an additional 95,876 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Everi by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 774,227 shares of the credit service provider valued at $ 10,924,000 after purchasing an additional 21,506 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in Everi shares by 18.1% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 1,794,723 shares of the credit service provider valued at $ 25,324,000 after purchasing an additional 274,982 shares during the period. Full18 Capital LLC acquired a new stake in Everi shares during the 1st quarter valued at approximately $ 978,000. Finally, Coe Capital Management LLC acquired a new stake in Everi shares during the 1st quarter valued at approximately $ 141,000. Institutional investors and hedge funds hold 87.45% of the company’s shares.
Everi Holdings, Inc is committed to providing technology solutions to the casino, interactive gaming and gaming industry. It operates through the following segments: Games and FinTech. The Games segment is focused on rental gaming equipment, the sale of gaming equipment, gaming systems, interactive solutions and ancillary products and services.
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