Everi Holdings Inc (NYSE:EVRI) shares traded up 11.5% on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $9.25 and last traded at $8.89. 5,115,428 shares changed hands during mid-day trading, an increase of 538% from the average session volume of 801,378 shares. The stock had previously closed at $7.97.
The credit services provider reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. Everi had a negative return on equity of 6.14% and a net margin of 2.63%. The business had revenue of $119.50 million during the quarter, compared to analyst estimates of $113.37 million.
A number of research analysts recently issued reports on EVRI shares. SunTrust Banks started coverage on Everi in a report on Monday, February 11th. They issued a “buy” rating and a $9.00 target price for the company. Raymond James started coverage on Everi in a report on Friday, November 30th. They issued a “strong-buy” rating and a $11.00 target price for the company. ValuEngine lowered Everi from a “buy” rating to a “hold” rating in a report on Thursday, December 27th. Finally, Zacks Investment Research upgraded Everi from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Tuesday, January 1st. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Everi currently has a consensus rating of “Buy” and a consensus target price of $9.35.
The company has a market cap of $559.44 million, a price-to-earnings ratio of 93.40, a price-to-earnings-growth ratio of 1.99 and a beta of 1.83.
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About Everi (NYSE:EVRI)
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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