BNY Mellon Sells 10,459 Shares of EVERI HOLDINGS
November 24, 2023
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EVERI HOLDINGS ($NYSE:EVRI) is a gaming technology company located in North America that provides gaming services and products. Their portfolio of products includes systems and gaming devices, gaming machines, interactive systems, ticket redemption machines, and software applications. The company also provides financial technology solutions to operators and industry participants.
Additionally, EVERI HOLDINGS provides managed services that include marketing, compliance, and financial services. These services help operators with customer loyalty programs and financial support. The Bank of New York Mellon Corp.’s sale of the shares is intended to help the company continue to provide their services and products to the gaming industry.
Price History
The shares were sold for an average price of $11.3 and closed at $11.1, down by 0.7% from the prior closing price of $11.2. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Everi Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 821.15 | 109.14 | 13.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Everi Holdings. More…
| Operations | Investing | Financing |
| 286.74 | -210.21 | -121.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Everi Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.86k | 1.62k | 2.83 |
Key Ratios Snapshot
Some of the financial key ratios for Everi Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.1% | 31.4% | 25.5% |
| FCF Margin | ROE | ROA |
| 18.7% | 53.9% | 7.0% |
Analysis
At GoodWhale, we have conducted an analysis of EVERI HOLDINGS‘s wellbeing. Through our Star Chart, we have classified EVERI HOLDINGS as a ‘gorilla’, a type of company that typically has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes it an attractive prospect to certain types of investors, particularly those looking for a reliable source of return. With its intermediate health score of 6/10, considering its cashflows and debt, EVERI HOLDINGS may be able to sustain future operations in times of crisis. Overall, EVERI HOLDINGS is strong in profitability, medium in growth and weak in asset, dividend. However, it still displays qualities that could make it an interesting investment opportunity for some investors. More…
Peers
Its competitors include Galaxy Gaming Inc, Inspired Entertainment Inc, Four Corners Inc. Everi Holdings Inc operates in the US, Europe, and Asia Pacific.
– Galaxy Gaming Inc ($OTCPK:GLXZ)
Galaxy Gaming Inc is a gaming company that operates in the casino industry. It designs, develops, and manufactures casino table games and gaming equipment. The company has a market cap of 61.85M as of 2022 and a Return on Equity of -17.14%. Galaxy Gaming is headquartered in Las Vegas, Nevada.
– Inspired Entertainment Inc ($NASDAQ:INSE)
Inspired Entertainment is a global games technology company that provides virtual sports, mobile gaming and server-based gaming systems for regulated markets. The company’s products are available in over 35,000 retail locations and online sites in over 40 countries. The company has a market cap of 308.85M as of 2022 and a Return on Equity of -51.07%.
– Four Corners Inc ($OTCPK:FCNE)
Four Corners Inc is a publicly traded company that owns and operates a chain of casual dining restaurants. The company was founded in 1988 and is headquartered in Houston, Texas. As of 2022, Four Corners Inc had a market capitalization of 10.79 million and a return on equity of -21.68%. The company’s primary business is operating and franchising casual dining restaurants under the Four Corners name. The company operates or franchises over 60 restaurants in 10 states across the United States.
Summary
Analysts suggest this sell-off was likely in response to the company’s underperformance over recent quarters. Despite the sell-off, many analysts remain positive on EVERI HOLDINGS as they believe it has strong potential for long-term growth. The company has multiple assets that could be released to drive future revenue growth, such as its expanding mobile gaming platform and its online payments technology.
It also has a solid presence in the casino gaming industry, which could offer opportunities for further growth. Investors should keep a close eye on EVERI HOLDINGS’ future performance and release of new assets as this could potentially move the stock price.
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