Brokerages expect Everi Holdings Inc (NYSE:EVRI) to post ($0.05) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Everi’s earnings. The lowest EPS estimate is ($0.08) and the highest is ($0.01). Everi posted earnings per share of ($0.17) during the same quarter last year, which would suggest a positive year over year growth rate of 70.6%. The business is expected to announce its next quarterly earnings report on Tuesday, March 12th.

According to Zacks, analysts expect that Everi will report full-year earnings of $0.06 per share for the current year, with EPS estimates ranging from $0.03 to $0.10. For the next year, analysts forecast that the business will post earnings of $0.07 per share, with EPS estimates ranging from ($0.11) to $0.24. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Everi.

Everi (NYSE:EVRI) last announced its earnings results on Tuesday, November 6th. The credit services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. The company had revenue of $120.30 million during the quarter, compared to the consensus estimate of $113.53 million. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS.

A number of analysts have commented on EVRI shares. Raymond James assumed coverage on shares of Everi in a research note on Friday, November 30th. They set a “strong-buy” rating and a $11.00 price objective for the company. Stifel Nicolaus initiated coverage on Everi in a report on Thursday, September 13th. They issued a “buy” rating and a $13.00 price objective on the stock. ValuEngine downgraded Everi from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Finally, Zacks Investment Research downgraded Everi from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $11.00.

Shares of NYSE:EVRI traded down $0.18 during trading hours on Tuesday, hitting $6.16. 658,070 shares of the company’s stock traded hands, compared to its average volume of 846,221. Everi has a 52 week low of $5.60 and a 52 week high of $9.82. The firm has a market cap of $432.40 million, a price-to-earnings ratio of -19.87, a price-to-earnings-growth ratio of 5.36 and a beta of 1.45.

In other Everi news, CAO Todd A. Valli sold 20,000 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $9.34, for a total transaction of $186,800.00. Following the transaction, the chief accounting officer now owns 21,708 shares in the company, valued at $202,752.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Edward Adam Peters sold 66,251 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $9.06, for a total value of $600,234.06. Following the transaction, the executive vice president now owns 60,388 shares in the company, valued at approximately $547,115.28. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its stake in shares of Everi by 45.1% in the second quarter. Russell Investments Group Ltd. now owns 245,427 shares of the credit services provider’s stock worth $1,765,000 after acquiring an additional 76,300 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Everi in the second quarter worth $707,000. Private Capital Management LLC grew its stake in shares of Everi by 4.4% in the second quarter. Private Capital Management LLC now owns 3,587,388 shares of the credit services provider’s stock worth $25,829,000 after acquiring an additional 151,260 shares during the last quarter. MetLife Investment Advisors LLC lifted its position in Everi by 87.7% in the second quarter. MetLife Investment Advisors LLC now owns 31,818 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 14,864 shares during the period. Finally, EAM Global Investors LLC bought a new position in Everi in the third quarter worth $1,561,000. Institutional investors own 88.84% of the company’s stock.

About Everi

Everi Holdings Inc provides technology solutions for the casino gaming industry in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company operates in two segments, Games and Payments. It offers gaming products, such as classic mechanical reel games, video reel games, core HDX, Empire MPX and the Texan HDX, wide area progressive games, and slot tournament systems; and sells player terminals, licenses, back office systems, and other related equipment.

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Earnings History and Estimates for Everi (NYSE:EVRI)

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