Everi Holdings Inc (EVRI) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Everi Holdings Inc (EVRI) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $-0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $-0.17. The company posted revenue of $205.77 million in the period, compared to analysts expectations of $206.23 million. The company’s revenue was down -.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Everi Holdings Inc. Shares were Reiterated by Stifel on May 6, 2016 to “Buy” and Lowered the Price Target to $ 3 from a previous price target of $5 .Everi Holdings Inc was Downgraded by Craig Hallum to ” Hold” on Mar 16, 2016.

In a different news, on Nov 19, 2015, Michael D Rumbolz (director) purchased 10,000 shares at $3.78 per share price. According to the SEC, on Nov 12, 2015, Geoffrey P Judge (director) purchased 2,500 shares at $3.96 per share price. On Sep 16, 2015, E Miles Kilburn (director) purchased 10,000 shares at $4.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Everi Holdings Inc. formerly Global Cash Access Holdings Inc. is a holding company. The Company operates through subsidiaries including Global Cash Access Inc. which provides integrated gaming payments solutions video and mechanical reel gaming content and technology solutions as well as compliance and efficiency software and Multimedia Games Holding Company Inc. which designs manufactures and supplies gaming machines and systems to commercial and Native American casino operators as well as select lottery operators and commercial bingo facility operators. The Company’s segments include Games which provides solutions directly to gaming establishments to offer its patrons gaming entertainment related experiences including leased gaming equipment; sales and maintenance related services of gaming equipment and gaming systems and Payments which provides solutions directly to gaming establishments to offer its patrons cash access related services and products.

Everi Holdings Inc

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