EVI Industries (NYSEAMERICAN:EVI) Announces Quarterly Earnings Results

EVI Industries (NYSEAMERICAN:EVI) posted its quarterly earnings results on Monday. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01), FiscalAI reports. The company had revenue of $115.29 million during the quarter, compared to analyst estimates of $108.00 million. EVI Industries had a net margin of 1.51% and a return on equity of 4.35%.

EVI Industries Stock Performance

EVI traded up $0.35 on Monday, reaching $23.85. 8,580 shares of the stock were exchanged, compared to its average volume of 15,309. EVI Industries has a fifty-two week low of $14.99 and a fifty-two week high of $34.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.41 and a quick ratio of 0.74. The firm has a market capitalization of $343.68 million, a PE ratio of 61.16 and a beta of 0.04. The company’s 50-day moving average price is $24.27 and its 200 day moving average price is $25.59.

Analyst Ratings Changes

Separately, DA Davidson reiterated a “buy” rating and set a $40.00 price target on shares of EVI Industries in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, EVI Industries presently has an average rating of “Buy” and an average target price of $40.00.

Institutional Trading of EVI Industries

Several hedge funds have recently made changes to their positions in EVI. Raymond James Financial Inc. lifted its position in shares of EVI Industries by 5.5% in the third quarter. Raymond James Financial Inc. now owns 190,512 shares of the industrial products company’s stock valued at $6,022,000 after acquiring an additional 9,883 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of EVI Industries by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 104,380 shares of the industrial products company’s stock worth $3,300,000 after purchasing an additional 852 shares in the last quarter. Pathstone Holdings LLC boosted its position in EVI Industries by 1.4% in the 3rd quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company’s stock valued at $1,565,000 after buying an additional 665 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of EVI Industries by 1.7% in the third quarter. Natixis Advisors LLC now owns 36,518 shares of the industrial products company’s stock worth $1,154,000 after buying an additional 622 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in EVI Industries during the 3rd quarter worth approximately $465,000. Hedge funds and other institutional investors own 37.30% of the company’s stock.

About EVI Industries

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.