FY2022 EPS Estimates for Everi Holdings Inc. Reduced by Jefferies Financial Group (NYSE:EVRI)

Everi Holdings Inc. (NYSE:EVRI – Get Rating) – Equities researchers at Jefferies Financial Group dropped their FY2022 earnings per share (EPS) estimates for shares of Everi in a report released on Wednesday, May 11th. Jefferies Financial Group analyst D. Katz now expects that the credit services provider will post earnings per share of $1.28 for the year, down from their prior forecast of $1.29. Jefferies Financial Group also issued estimates for Everi’s Q4 2022 earnings at $0.32 EPS.

Everi (NYSE:EVRI – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The credit services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03. The business had revenue of $175.60 million during the quarter, compared to analyst estimates of $169.38 million. Everi had a net margin of 23.52% and a return on equity of 125.58%. The company’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS.

Several other brokerages also recently weighed in on EVRI. Roth Capital assumed coverage on shares of Everi in a research report on Tuesday, April 5th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Everi from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday. StockNews.com upgraded shares of Everi from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 6th. Finally, TheStreet upgraded shares of Everi from a “c” rating to a “b” rating in a research report on Friday, April 1st. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Everi has an average rating of “Buy” and an average price target of $29.40.

Shares of NYSE:EVRI opened at $16.06 on Friday. The company has a market cap of $1.47 billion, a PE ratio of 9.91 and a beta of 2.61. The company’s 50-day moving average price is $19.62 and its 200 day moving average price is $20.98. Everi has a fifty-two week low of $15.05 and a fifty-two week high of $26.61. The company has a quick ratio of 1.11, a current ratio of 1.17 and a debt-to-equity ratio of 5.59.

Several hedge funds have recently added to or reduced their stakes in EVRI. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Everi in the 4th quarter worth approximately $25,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Everi in the 4th quarter worth approximately $28,000. Manchester Capital Management LLC acquired a new position in shares of Everi in the 3rd quarter worth approximately $34,000. Dark Forest Capital Management LP acquired a new position in shares of Everi in the 3rd quarter worth approximately $47,000. Finally, Private Capital Group LLC acquired a new position in shares of Everi in the 1st quarter worth approximately $51,000. Institutional investors own 88.40% of the company’s stock.

About Everi (Get Rating)

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.

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