B. Riley Has Optimistic Outlook of Everi Q1 Earnings

Everi Holdings Inc. (NYSE:EVRI) – Analysts at B. Riley upped their Q1 2025 EPS estimates for Everi in a research report issued to clients and investors on Sunday, November 3rd. B. Riley analyst D. Bain now anticipates that the credit services provider will post earnings per share of $0.18 for the quarter, up from their prior forecast of $0.17. B. Riley has a “Neutral” rating and a $14.25 price objective on the stock. The consensus estimate for Everi’s current full-year earnings is $0.49 per share.

Other equities research analysts have also issued research reports about the company. StockNews.com initiated coverage on Everi in a research note on Saturday, November 2nd. They issued a “hold” rating for the company. Raymond James reiterated a “market perform” rating on shares of Everi in a research report on Monday, July 29th. Truist Financial cut their target price on shares of Everi from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $14.25 price target (up from $11.00) on shares of Everi in a report on Wednesday, July 31st. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.50.

Everi Stock Performance

NYSE EVRI opened at $13.36 on Wednesday. The company has a 50-day simple moving average of $13.20 and a two-hundred day simple moving average of $10.67. Everi has a 12-month low of $6.37 and a 12-month high of $13.45. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 28.43 and a beta of 2.13. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 3.94.

Everi (NYSE:EVRI) last released its earnings results on Wednesday, August 7th. The credit services provider reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $191.19 million for the quarter, compared to analyst estimates of $190.00 million. Everi had a net margin of 5.42% and a return on equity of 17.86%.

Institutional Trading of Everi

Large investors have recently bought and sold shares of the company. Signaturefd LLC raised its position in shares of Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 3,060 shares in the last quarter. CWM LLC grew its stake in Everi by 117.5% in the second quarter. CWM LLC now owns 3,512 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 1,897 shares during the period. Huntington National Bank raised its holdings in Everi by 1,296.2% in the third quarter. Huntington National Bank now owns 5,892 shares of the credit services provider’s stock worth $77,000 after purchasing an additional 5,470 shares in the last quarter. Quarry LP lifted its position in Everi by 38.9% during the second quarter. Quarry LP now owns 10,230 shares of the credit services provider’s stock valued at $86,000 after buying an additional 2,864 shares during the period. Finally, Magnetar Financial LLC bought a new stake in shares of Everi during the 2nd quarter valued at $104,000. 95.47% of the stock is owned by institutional investors.

Insider Transactions at Everi

In related news, EVP David Lucchese sold 4,124 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $12.99, for a total transaction of $53,570.76. Following the completion of the transaction, the executive vice president now owns 588,404 shares in the company, valued at $7,643,367.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Everi news, EVP David Lucchese sold 4,124 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $12.99, for a total transaction of $53,570.76. Following the transaction, the executive vice president now directly owns 588,404 shares of the company’s stock, valued at approximately $7,643,367.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren Simmons sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.10, for a total transaction of $982,500.00. Following the completion of the transaction, the executive vice president now owns 190,425 shares of the company’s stock, valued at $2,494,567.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,524 shares of company stock worth $1,041,267. 6.40% of the stock is currently owned by insiders.

About Everi

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.