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EVRI

Everi Holdings

$9.60

-0.34 (-3.42%)

16:32
05/07/19
05/07
16:32
05/07/19
16:32

Everi Holdings reports Q1 EPS 8c, consensus 3c

Reports Q1 revenue $$123.8M, consensus $121.6M. "Our record first quarter results reflect the eleventh consecutive quarter we have achieved year over year revenue and Adjusted EBITDA growth as we again generated solid organic growth while also benefiting from initial contributions of our recent acquisition of player loyalty technology," said Everi President and CEO, Michael Rumbolz. "First quarter revenues rose 11.5% to a record $123.8 million, net income improved 28% to $5.9 million, Adjusted EBITDA rose 5.7% to a record $61.3 million and Free Cash Flow improved 80% to $21.2 million. These results reflect ongoing improvement in both of our segments including a quarterly record for FinTech revenue and FinTech Adjusted EBITDA, and a quarterly record for Games revenue, including record gaming operations revenue. Overall 2019 is off to the solid start we anticipated and as a result, we remain on track to achieve our full year expectation for Adjusted EBITDA of between $252 million to $255 million. We also continue to expect that Free Cash Flow will approximately double compared to the nearly $25 million in Free Cash Flow generated in 2018."

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EVRI Everi Holdings
$9.60

-0.34 (-3.42%)

02/11/19
RHCO
02/11/19
INITIATION
Target $9
RHCO
Buy
Everi Holdings initiated with a Buy at SunTrust
SunTrust initiated Everi Holdings with a Buy and $9 price target.
02/11/19
RHCO
02/11/19
INITIATION
Target $9
RHCO
Buy
Everi Holdings initiated with a Buy at SunTrust
SunTrust analyst Barry Jonas initiated Everi Holdings with a Buy and $9 price target citing valuation and competitive position in slot gaming and casino cash access services. The analyst notes that the stock trades at 6.4-times his expected EBITDA for 2019 vs. the 7- to 9-times multiple for its gaming peers and 7- to-15-times for payment peers. Jonas adds that the "logic of combining a FinTech and Games company is debatable", but believes the market undervalues Everi, which offers the "2nd best EBITDA growth" in his gaming technology coverage.
02/11/19
02/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Everi Holdings (EVRI) initiated with a Buy at SunTrust. 2. ChemoCentryx (CCXI) initiated with an Overweight at Piper Jaffray. 3. Regions Financial (RF) initiated with a Neutral at Credit Suisse. 4. Talos Energy (TALO) initiated with a Buy at Guggenheim. 5. MicroStrategy (MSTR) initiated with a Buy at BWS Financial. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/13/19
JEFF
03/13/19
NO CHANGE
Target $13
JEFF
Buy
Everi shares not getting credit for 'earnings cadence,' says Jefferies
Everi Holdings' earnings report reflects the continuation of the "earnings cadence" of the past several quarters, for which the shares appear to receive little credit, Jefferies analyst David Katz tells investors in a research note. He boosted his price target for the shares to $13 from $12 and keeps a Buy rating on the name. The analyst expects both of Everi's business units will continue to grow, while the company's free cash accelerates and leverage falls. In the near term, the market should "more fully recognize" the earnings momentum and value opportunity in the shares, says Katz.

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LB

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LB

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