Everi Holdings Inc. provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, back office systems, and other related equipment. It also provides cash access services, such as ATM cash withdrawals, POS debit card cash access transactions, and credit card cash access transactions; check verification and warranty services; CashClub, a software payments platform that provides gaming establishments with a personal computer workstation software user interface and point-of-sale terminal; fully integrated kiosks that provide multiple functions to the casino floor; loyalty kiosk and related equipment; and other integrated kiosk solutions. In addition, the company offers non-ATM terminals that perform authorizations for credit card cash access and POS debit card transactions; database services. Further, it provides Everi Compliance solutions to assist casino operators with meeting regulatory requirements; Central Credit, a gaming patron credit bureau service; JackpotXpress, a jackpot payout and tax form management platform; and loyalty platform, as well as support and maintenance services. The company was formerly known as Global Cash Access Holdings, Inc. and changed its name to Everi Holdings Inc. in August 2015. Everi Holdings Inc. was founded in 1998 and is headquartered in Las Vegas, Nevada.
IPO Year:
Exchange: NYSE
Website: everi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/5/2024 | $12.00 | Neutral | B. Riley Securities |
| 4/5/2022 | $28.00 | Buy | ROTH Capital |
| 1/11/2022 | $33.00 → $30.00 | Strong Buy | Raymond James |
| 11/4/2021 | $28.00 → $33.00 | Strong Buy | Raymond James |
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Truist Securities analyst Barry Jonas maintains Everi Hldgs (NYSE:EVRI) with a Hold and lowers the price target from $11 to $10.
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Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Everi Hldgs (NYSE:EVRI) in the last three months. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 4 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 2 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $12.0, a high estimate of $13.00, and a low estimate of $11.00. A negative shift in sentiment is evident as analys
Stifel analyst Jeffrey Stantial maintains Everi Hldgs (NYSE:EVRI) with a Buy and lowers the price target from $12 to $11.
Everi Hldgs (NYSE:EVRI) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.19 by 73.68 percent.
The Company's FinTech segment is expected to be relatively flat year-over-year in the second quarter and return to year-over-year growth in the second half of the year. Everi expects Free Cash Flow to be down compared to 2023 with capital expenditures for the year flat to up slightly compared with 2023, cash interest flat with 2023, and cash taxes of $15 million to $20 million.
Everi Hldgs (NYSE:EVRI) reported quarterly sales of $189.346 million which beat the analyst consensus estimate of $188.777 million by 0.30 percent. This is a 5.55 percent decrease over sales of $200.472 million the same period last year.
Everi Holdings Inc. ("Everi" or the "Company"), announced that it has terminated its stock repurchase program effective May 2, 2024. On May 3, 2023, the Company's Board of Directors approved the stock repurchase program under which the Company was authorized to repurchase an amount not to exceed $180 million of the Company's common stock through November 3, 2024 (the "Stock Repurchase Program"). The Company repurchased 7.5 million shares of common stock, at an average price of $13.40 per share, for an aggregate amount of $100 million, under the Stock Repurchase Program. As of December 31, 2023, the remaining availability under the Stock Repurchase Program was $80 million. The Company has not
4 analysts have expressed a variety of opinions on Everi Hldgs (NYSE:EVRI) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 2 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Everi Hldgs and provided 12-month price targets. The average target is $12.25, accompanied by a high estimate of $13.00 and a low estimate of $11.00. A negative shift in
Truist Securities analyst Barry Jonas maintains Everi Hldgs (NYSE:EVRI) with a Hold and lowers the price target from $13 to $11.
Companies to Move Forward Under Private Ownership Everi Stockholders to Receive $14.25 Per Share in Cash, Representing a Significant Premium for Stockholders; IGT to Receive $4.05 Billion of Gross Cash Proceeds LONDON and LAS VEGAS, July 26, 2024 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") and Everi Holdings Inc. (NYSE:EVRI) ("Everi") today announced that they have entered into definitive agreements whereby IGT's Gaming & Digital business ("IGT Gaming") and Everi will be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") in an all-cash transaction
LAS VEGAS, May 8, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company"), today announced results for the first quarter ended March 31, 2024. Randy Taylor, Chief Executive Officer of Everi, said, "We are making progress on the steps necessary to complete our proposed merger with IGT's Global Gaming and PlayDigital businesses later this year or in early 2025. We are excited about the significant growth opportunities we believe this combination will unlock. This transaction will bring together a comprehensive and complementary product set focused on our
LAS VEGAS, May 6, 2024 /PRNewswire/ -- Everi Holdings Inc. ("Everi" or the "Company"), announced that it has terminated its stock repurchase program effective May 2, 2024. On May 3, 2023, the Company's Board of Directors approved the stock repurchase program under which the Company was authorized to repurchase an amount not to exceed $180 million of the Company's common stock through November 3, 2024 (the "Stock Repurchase Program"). The Company repurchased 7.5 million shares of common stock, at an average price of $13.40 per share, for an aggregate amount of $100 million, under the Stock Repurchase Program. As of December 31, 2023, the remaining availability under the Stock Repurchase Progr
LAS VEGAS, April 17, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2024 first quarter financial results before the market opens on Wednesday, May 8, 2024, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m. PT that day. The conference call may be accessed live over the phone by dialing (201) 689-8471. A replay will be available beginning at 2:00 p.m. ET that day and may be accessed by dialing (412) 317-6671; the PIN number is 13745956. The replay will be available until May 17, 2024. The call will be
Announced Strategic Merger with IGT's Global Gaming and PlayDigital LAS VEGAS, Feb. 29, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company") today announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights Revenues of $192.0 million compared to $205.4 million a year ago.FinTech segment revenues rose 3% to $94.9 million, reflecting a 25% increase in software and other revenues and a 6% rise in financial access revenues, partially offset by lower hardware revenues due to strong kiosk sales in the prio
Business combination creates a comprehensive and diverse portfolio of high-performing land-based, digital, and fintech gaming products and servicesComplementary offering coupled with global reach provides compelling growth prospects with significant synergy opportunitiesAttractive recurring revenue profile and strong profit margins, balance sheet, and cash flows provide flexibility to allocate capital to drive long-term shareholder value creationIGT CEO Vince Sadusky to lead combined company with executives from both companies in key leadership roles; Everi Executive Chairman Michael Rumbolz to serve as chairman of the board of directors of the combined companyIGT Global Lottery business to
LAS VEGAS, Feb. 13, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2023 fourth quarter and full year results before the market opens on Thursday, February 29, 2024, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m. PT that day. The conference call may be accessed live over the phone by dialing (201) 689-8471. A replay will be available beginning at 2:00 p.m. ET that day and may be accessed by dialing (412) 317-6671; the PIN number is 13743774. The replay will be available until March 7, 2024. The ca
LAS VEGAS, Oct. 13, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) announced today that it will release its 2023 third quarter results before the market opens on Wednesday, November 8, 2023, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m. PT that day. The conference call may be accessed live over the phone by dialing (201) 689-8471. A replay will be available beginning at 2:00 p.m. ET that day and may be accessed by dialing (412) 317-6671; the PIN number is 13741432. The replay will be available until November 15, 2023. The call will be
Revenues Rise 6% Reflecting Growth in Both Games and FinTech Segments including a 9% Increase in Recurring Revenues Company Updates Full Year Outlook LAS VEGAS, Aug. 9, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company"), today announced results for the second quarter ended June 30, 2023. Revenues increased 6% to $208.7 million from $197.2 million a year agoFinTech segment revenues grew 13% to $95.6 million, reflecting a 26% increase in software and other revenues, a 9% rise in financial access revenues and a 6% increase in hardware revenuesGames se
LAS VEGAS, July 14, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2023 second quarter results before the market opens on Wednesday, August 9, 2023, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m. PT that day. The conference call may be accessed live over the phone by dialing (201) 689-8471. A replay will be available beginning at 2:00 p.m. ET that day and may be accessed by dialing (412) 317-6671; the PIN number is 13739295. The replay will be available until August 16, 2023. The call will be web
LONDON, Nov. 21, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), in connection with the previously announced transaction (the "Proposed Transaction") whereby IGT's Gaming & Digital business ("IGT Gaming") and Everi Holdings Inc. (NYSE:EVRI) will be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO). IGT) is a global leader in gaming. We deliver entertaining and responsi
LAS VEGAS, Nov. 14, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, announced today that its stockholders have voted at a special meeting of Everi stockholders (the "Special Meeting") to approve the pending simultaneous acquisition of Everi and the Gaming & Digital business of International Game Technology PLC (NYSE:IGT) by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) (the "Apollo Funds") through a merger. As previously announced, pursuant to the terms of
New Arcade Style, Instant Win Games Also on Display at G2E LAS VEGAS, Oct. 3, 2024 /PRNewswire/ -- Everi Digital, the online gaming business of Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, will highlight its commitment to provide EVERIthing casino and venue operators need to engage patrons by debuting online titles derived from player-popular themes in Everi's land-based library and arcade style, instant win games unique to the iGaming space at the Global Gaming Expo (G2E®), October 7-10, 2024 (Booth #1150).
Everi Becomes VGK's Official Mobile Application Partner, Venuetize Solution is the Foundation for VGK's Fan Engagement Mobile Strategy LAS VEGAS, Oct. 2, 2024 /PRNewswire/ -- Venuetize, Everi Holdings Inc.'s (NYSE:EVRI) ("Everi" or "the Company") leading mobile technology and advanced e-commerce platform for the sports, hospitality, and entertainment industries, today announced the launch of the Vegas Golden Knights mobile app. As part of this agreement, Everi becomes the Official Mobile Application Partner of the Vegas Golden Knights ("VGK"). The new Vegas Golden Knights mobile app is now available in the App Store and coming soon to the Google Play store. The
Company Debuts Premium Banked Product Dynasty Luna™ and For-Sale Stepper Cabinet Player Classic Spin™ with Mechanical Wheel; Robust Game Roadmaps Across All Categories LAS VEGAS, Oct. 2, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, will highlight its commitment to provide EVERIthing™ gaming operators need to engage players with more than 60 unique themes on display across all product categories as well as two new cabinets at the 2024 Global Gaming Expo (G2E®), Oct. 7-10 (Booth #1150). Experience the full interactive M
BeOn™ Mobile Services Platform and Additional Integrated FinTech Solutions Enhance Guest Experiences, Improve Operational Efficiencies LAS VEGAS, Oct. 1, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, will highlight its commitment to provide EVERIthing casino and venue operators need to engage patrons at the 2024 Global Gaming Expo (G2E®), Oct. 7-10 (Booth #1150). Experience the full interactive Multichannel News Release here: https://www2.multivu.com/everi/9123651-en-everi-showcase-fintech-solutions-global-gaming-expo-
Companies to Move Forward Under Private Ownership Everi Stockholders to Receive $14.25 Per Share in Cash, Representing a Significant Premium for Stockholders; IGT to Receive $4.05 Billion of Gross Cash Proceeds LONDON and LAS VEGAS, July 26, 2024 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") and Everi Holdings Inc. (NYSE:EVRI) ("Everi") today announced that they have entered into definitive agreements whereby IGT's Gaming & Digital business ("IGT Gaming") and Everi will be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") in an all-cash transaction
Custom Game Now Live on Caesars Palace Online Casino in Michigan, New Jersey, Pennsylvania, West Virginia, and Ontario LAS VEGAS , July 3, 2024 /PRNewswire/ -- Everi Digital, the online gaming business of Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, today announced the launch of the custom-branded online game "Caesars Emperors Gold" on the newly-upgraded Caesars Palace Online Casino platform via a direct integration with Caesars Digital.
LAS VEGAS, May 8, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company"), today announced results for the first quarter ended March 31, 2024. Randy Taylor, Chief Executive Officer of Everi, said, "We are making progress on the steps necessary to complete our proposed merger with IGT's Global Gaming and PlayDigital businesses later this year or in early 2025. We are excited about the significant growth opportunities we believe this combination will unlock. This transaction will bring together a comprehensive and complementary product set focused on our
LAS VEGAS, May 6, 2024 /PRNewswire/ -- Everi Holdings Inc. ("Everi" or the "Company"), announced that it has terminated its stock repurchase program effective May 2, 2024. On May 3, 2023, the Company's Board of Directors approved the stock repurchase program under which the Company was authorized to repurchase an amount not to exceed $180 million of the Company's common stock through November 3, 2024 (the "Stock Repurchase Program"). The Company repurchased 7.5 million shares of common stock, at an average price of $13.40 per share, for an aggregate amount of $100 million, under the Stock Repurchase Program. As of December 31, 2023, the remaining availability under the Stock Repurchase Progr
B. Riley Securities resumed coverage of Everi with a rating of Neutral and set a new price target of $12.00
ROTH Capital resumed coverage of Everi with a rating of Buy and set a new price target of $28.00
Raymond James reiterated coverage of Everi Holdings with a rating of Strong Buy and set a new price target of $30.00 from $33.00 previously
Raymond James reiterated coverage of Everi Holdings with a rating of Strong Buy and set a new price target of $33.00 from $28.00 previously
Raymond James reiterated coverage of Everi Holdings with a rating of Strong Buy and set a new price target of $23.00 from $19.00 previously
B. Riley FBR initiated coverage of Everi Holdings with a rating of Buy and set a new price target of $25.00
Stifel Nicolaus reiterated coverage of Everi with a rating of Buy and set a new price target of $19.00 from $17.00 previously
Macquarie reiterated coverage of Everi with a rating of Outperform and set a new price target of $18.00 from $15.00 previously
BTIG Research resumed coverage of Everi with a rating of Buy and set a new price target of $21.00 from $16.00 previously
Craig Hallum reiterated coverage of Everi with a rating of Buy and set a new price target of $20.00 from $13.00 previously
LAS VEGAS, March 8, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company") announced today that the Company's Board of Directors (the "Board") has appointed Debra Nutton to the Board with a start date of April 1, 2023. Ms. Nutton, whom the Board has determined satisfies the criteria as an independent director for the purposes of New York Stock Exchange rules, was also appointed to serve as a member of the Board's Audit Committee, Nominating and Governance Committee, and Compensation Committee. Her appointment fills a vacancy on the Board, which is now composed of nine members.
LAS VEGAS, Jan. 26, 2022 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, announced today that Secil Tabli Watson and Paul Finch have been appointed to the Company's Board of Directors (the "Board") effective February 1, 2022. Both Ms. Watson and Mr. Finch are well-respected, experienced business and financial executives who have been determined to satisfy the criteria for independent directors for the purposes of New York Stock Exchange rules, applicable Securities and Exchange Commission requirements, and the Company's Governance Gu
CEO Michael Rumbolz to Become Chairman Ronald Congemi Named Lead Independent Director LAS VEGAS, April 06, 2021 (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and machines, financial technology, and player loyalty solutions, today announced that E. Miles Kilburn, Chairman of the Board of Directors of Everi, has informed the Company he will retire from the Board of Directors (the "Board") and will not stand for reelection at the Company’s 2021 Annual Meeting of Stockholders, which will be held on May 19, 2021, Mr. Kilburn’s last day of service on the Board. The Board has appointed Everi C
LAS VEGAS, March 15, 2021 (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming products, financial technology and player loyalty solutions, today announced the appointment of Kate C. Lowenhar-Fisher as Executive Vice President, Chief Legal Officer – General Counsel, and Corporate Secretary, effective March 22, 2021, subject to customary regulatory approvals. Ms. Lowenhar-Fisher will have responsibility for the Company’s legal and regulatory compliance affairs and will report to Everi’s Chief Executive Officer, Michael Rumbolz. Ms. Lowenhar-Fisher brings extensive expertise in the casino gaming industry