Everi Now Expects FY24 Adjusted EBITDA To Be Down From Last Year, Primarily Reflecting Ongoing Near-term Challenges That Are Impacting Games Segment

5/8/24 6:04:59 AM ET

Services-Misc. Amusement & Recreation

Consumer Discretionary

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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.

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Recent Analyst Ratings for
$EVRI

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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Press Releases

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International Game Technology Announces Expiration of Hart-Scott-Rodino Act Waiting Period
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
11/21/24 6:45:00 AM ET
$APO
$EVRI
$IGT
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Services-Misc. Amusement & Recreation
Consumer Discretionary
Everi Stockholders Approve Acquisition by Apollo Funds
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
11/14/24 4:20:00 PM ET
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EVERI DIGITAL TO SHOWCASE ONLINE VERSIONS OF LAND-BASED HITS, PRESS YOUR LUCK™: WHAMMY WILDS AND CASH MACHINE JACKPOTS®, AT GLOBAL GAMING EXPO 2024
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).
10/3/24 12:00:00 PM ET
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Truist Securities Maintains Hold on Everi Hldgs, Lowers Price Target to $10
Truist Securities analyst Barry Jonas maintains Everi Hldgs (NYSE:EVRI) with a Hold and lowers the price target from $11 to $10.
7/18/24 9:28:30 AM ET
$EVRI
Services-Misc. Amusement & Recreation
Consumer Discretionary
Top 5 Consumer Stocks That Are Ticking Portfolio Bombs
As of July 11, 2024, five stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Sony Group Corp (NYSE:SONY) On June 12, Sony Group's Sony Pictures Entertainment
7/11/24 8:54:45 AM ET
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$EVRI
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Services-Misc. Amusement & Recreation
Consumer Discretionary
Expert Outlook: Everi Hldgs Through The Eyes Of 5 Analysts
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
5/9/24 11:01:02 AM ET
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Financials

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IGT's Gaming and Digital Business and Everi to Be Acquired Simultaneously by Apollo Funds in All-Cash Transaction
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 $4.05 Billion of Gross Cash Proceeds LONDON and LAS VEGAS, July 26, 2024 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") and Everi Holdings Inc. (NYSE:EVRI) ("Everi") today announced that they have entered into definitive agreements whereby IGT's Gaming & Digital business ("IGT Gaming") and Everi will be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") in an all-cash transaction
7/26/24 6:45:00 AM ET
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$IGT
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Finance
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EVERI REPORTS FIRST QUARTER 2024 RESULTS
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
5/8/24 6:00:00 AM ET
$EVRI
Services-Misc. Amusement & Recreation
Consumer Discretionary
EVERI HOLDINGS TERMINATES STOCK REPURCHASE PROGRAM AND IMPLEMENTS A MANDATORY SELL-TO-COVER POLICY
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
5/6/24 4:16:00 PM ET
$EVRI
Services-Misc. Amusement & Recreation
Consumer Discretionary

EVERI APPOINTS DEBRA NUTTON TO ITS BOARD OF DIRECTORS
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.
3/8/23 4:10:00 PM ET
$EVRI
Services-Misc. Amusement & Recreation
Consumer Discretionary
Everi Appoints Secil Tabli Watson and Paul Finch to Board of Directors; Ronald Congemi to Retire from Board in May; Atul Bali to Become Lead Independent Director
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
1/26/22 8:00:00 AM ET
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Services-Misc. Amusement & Recreation
Consumer Discretionary
Miles Kilburn to Retire as Chairman of Everi’s Board of Directors
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
4/6/21 4:05:00 PM ET
$EVRI
Services-Misc. Amusement & Recreation
Consumer Discretionary

Everi Now Expects FY24 Adjusted EBITDA To Be Down From Last Year, Primarily Reflecting Ongoing Near-term Challenges That Are Impacting Games Segment

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Recent Analyst Ratings for $EVRI

$EVRI Press Releases

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International Game Technology Announces Expiration of Hart-Scott-Rodino Act Waiting Period

Everi Stockholders Approve Acquisition by Apollo Funds

EVERI DIGITAL TO SHOWCASE ONLINE VERSIONS OF LAND-BASED HITS, PRESS YOUR LUCK™: WHAMMY WILDS AND CASH MACHINE JACKPOTS®, AT GLOBAL GAMING EXPO 2024

$EVRI Insider Trading

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$EVRI Large Ownership Changes

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$EVRI SEC Filings

Director Judge Geoffrey P sold $213,920 worth of shares (16,000 units at $13.37) and exercised 16,000 shares at a strike of $7.74 (SEC Form 4)

EVP, FinTech Business Leader Simmons Darren exercised 75,000 shares at a strike of $7.74 and sold $982,500 worth of shares (75,000 units at $13.10) (SEC Form 4)

EVP, Sales and Marketing Lucchese David exercised 4,524 shares at a strike of $3.29 and sold $58,767 worth of shares (4,524 units at $12.99) (SEC Form 4)

Amendment: SEC Form SC 13G/A filed by Everi Holdings Inc.

Amendment: SEC Form SC 13G/A filed by Everi Holdings Inc.

Amendment: SEC Form SC 13G/A filed by Everi Holdings Inc.

Everi Holdings Inc. filed SEC Form 8-K: Other Events

Everi Holdings Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by Everi Holdings Inc.

$EVRI Analyst Ratings

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B. Riley Securities resumed coverage on Everi with a new price target

ROTH Capital resumed coverage on Everi with a new price target

Raymond James reiterated coverage on Everi Holdings with a new price target

$EVRI Market Insights

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Truist Securities Maintains Hold on Everi Hldgs, Lowers Price Target to $10

Top 5 Consumer Stocks That Are Ticking Portfolio Bombs

Expert Outlook: Everi Hldgs Through The Eyes Of 5 Analysts

$EVRI Financials

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IGT's Gaming and Digital Business and Everi to Be Acquired Simultaneously by Apollo Funds in All-Cash Transaction

EVERI REPORTS FIRST QUARTER 2024 RESULTS

EVERI HOLDINGS TERMINATES STOCK REPURCHASE PROGRAM AND IMPLEMENTS A MANDATORY SELL-TO-COVER POLICY

$EVRI Leadership Updates

Live Leadership Updates

EVERI APPOINTS DEBRA NUTTON TO ITS BOARD OF DIRECTORS

Everi Appoints Secil Tabli Watson and Paul Finch to Board of Directors; Ronald Congemi to Retire from Board in May; Atul Bali to Become Lead Independent Director

Miles Kilburn to Retire as Chairman of Everi’s Board of Directors

Recent Analyst Ratings for
$EVRI

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