| Over a week ago | ||||
Craig-Hallum analyst… Craig-Hallum analyst George Sutton lowered the firm's price target on Everi Holdings to $25 from $30 and keeps a Buy rating on the shares. The analyst is also modestly lowering his full year 2023 estimates to reflect higher interest expense and to reflect a potentially more tepid demand environment in 2023 as the macro backdrop could weaken. Both impacts in his view can be directly attributed to Jerome Powell. Perhaps the most important metric for Everi is employment, which has remained quite durable but is a key target for the desired impact of higher rates, Sutton adds. | ||||
Everi Holdings was… Everi Holdings was selected by the British Columbia Lottery Corporation to provide its Everi Compliance Anti-Money Laundering solution in support of BCLC's gaming and online operations. The Company will support BCLC as it conducts and manages lottery, casino, bingo, and online gaming on behalf of the province for the benefit of British Columbians. Everi also supplies land-based and online slot content throughout British Columbia. | ||||
| Over a month ago | ||||
Meetings to be held in… Meetings to be held in Dallas on December 8 and in Denver on December 9 hosted by B. Riley. | ||||
Meetings to be held in… Meetings to be held in Dallas on December 8 and in Denver on December 9 hosted by B. Riley. | ||||
Meetings to be held in… Meetings to be held in Dallas on December 8 and in Denver on December 9 hosted by B. Riley. | ||||
The company said,… The company said, "Everi today tightened its full year 2022 guidance for net income to $112 million to $117 million, Adjusted EBITDA to $371 million to $376 million and Free Cash Flow to $190 million to $197 million." | ||||
Reports Q3 revenue… Reports Q3 revenue $204.32M, consensus $194.89M. Randy Taylor, CEO of Everi, said, "The third quarter year-over-year increases in revenues, net income and Adjusted EBITDA and our consistent improvement in our financial results throughout 2022 reflect the operating momentum across each of our businesses due to the continued broad-based demand for our products. Our strong financial results this year have been driven by steady growth in our recurring revenue streams together with a record level of revenues from gaming machine and FinTech hardware sales. Our focus on top-line growth and operational excellence is delivering consistent year-over-year earnings growth and strong Free Cash Flow generation." | ||||
| Over a quarter ago | ||||
Everi Holdings announced… Everi Holdings announced an agreement to acquire certain strategic assets of Venuetize. Venuetize is a privately owned innovator of mobile-first technologies that provide an advanced guest engagement and m-commerce platform for the sports, entertainment and hospitality industries. Venuetize collaborates with its clients and partners with their venue ecosystem to elevate the guest experience and strengthen their mobile channel engagement, leading to incremental revenue opportunities. The transaction is anticipated to close within 30 days, subject to customary conditions. The acquisition will be funded from existing cash on hand. Following the acquisition of these assets, Venuetize's experienced team will join Everi. | ||||
Meeting to be held in San… Meeting to be held in San Francisco on August 18 hosted by B. Riley. | ||||
