Federated Hermes Sells Shares of Everi Holdings
January 5, 2023
Trending News ☀️
Everi Holdings Intrinsic Value – EVERI HOLDINGS ($NYSE:EVRI) Inc. is an American gaming, payments and entertainment company based in Las Vegas, Nevada. The company offers a range of products and services designed to enable customers to engage in gaming activities and financial transactions, as well as provide entertainment content and experiences. Everi is a publicly traded company listed on the New York Stock Exchange under the ticker symbol EVRI.
Federated Hermes Inc. is an investment management firm that provides investment services to individuals, institutions, foundations and endowments, with a focus on equities, fixed income and alternative investments. The sale of shares by Federated Hermes Inc. may have had an effect on the stock price of Everi Holdings Inc. It is important to keep in mind that stock prices are highly unpredictable, and any decision to buy or sell shares should be made with caution and research. With a strong portfolio of products and services, Everi is well positioned to continue to capitalize on the growing gaming and entertainment markets in the United States and abroad.
Share Price
Federated Hermes Inc. has recently announced that it has sold some of its shares in Everi Holdings Inc. The news surrounding this development has been mostly positive, as the company is seen to be making a sound decision. On Tuesday, Everi Holdings Inc. opened at $14.5 per share and closed at $14.2, showing a decline of 0.8% from the last closing price of 14.4. Although the stock witnessed a dip, there has been no significant decline in the price range in comparison to the past week. The sale of shares by Federated Hermes Inc. is seen as a positive move in the market, as it represents a show of confidence in the company and its operations. This could help bolster the company’s share price in the coming days, as investors may be encouraged to invest in the stock.
Additionally, analysts are expecting that this move by Federated Hermes Inc. could also provide a boost to other stocks in the sector. This is due to the fact that the sale of Everi Holdings Inc. shares could lead to increased interest in the sector, which in turn could benefit other companies as well. It is expected that this move could help the company’s stock price in the short-term and boost other stocks in the sector as well. 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 |
| 757.54 | 182.88 | 24.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Everi Holdings. More…
| Operations | Investing | Financing |
| 295.04 | -189.75 | -61.79 |
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 |
| 1.67k | 1.45k | 2.43 |
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 |
| 14.3% | 30.1% | 27.7% |
| FCF Margin | ROE | ROA |
| 22.6% | 62.2% | 7.8% |
VI Analysis – Everi Holdings Intrinsic Value Calculator
EVERI HOLDINGS offers investors an opportunity to assess the long-term potential of the company through its fundamentals. Valuation Intelligence (VI) makes this assessment process simpler by providing an easy-to-understand analysis. According to VI Line, the fair value of EVERI HOLDINGS share is around $20.1. However, the current stock price of EVERI HOLDINGS is $14.2, which is undervalued by 29%. This indicates that there is potential for investors to benefit from an increase in the stock price in the future. This suggests that the company is well managed, and has a good track record of generating profits. This indicates that the company is well-positioned to take advantage of any potential growth opportunities. This indicates that the company is able to meet its short-term financial obligations, and is well-positioned to weather any potential downturns in the market. Overall, EVERI HOLDINGS offers investors an opportunity to benefit from its strong fundamentals, and potential upside from its current undervalued stock price. The company’s low debt-to-equity ratio and solid balance sheet indicate that it is well-positioned to capitalize on any growth opportunities. Additionally, its dividend yield provides investors with a steady stream of income. More…
VI Peers
Its competitors include Galaxy Gaming Inc, Inspired Entertainment Inc, Four Corners Inc. Everi Holdings Inc operates in the US, Europe, and Asia Pacific.
– Galaxy Gaming Inc ($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
EVERI HOLDINGS, Inc. is a leading provider of payments technology, gaming and entertainment solutions, and payments services to customers worldwide. Recently, Federated Hermes Inc. has sold its shares of the company, indicating a positive outlook on the stock. Analysts have pointed to strong financial results, including a solid balance sheet and steady cash flow, as reasons to invest in EVERI HOLDINGS.
Additionally, the company’s extensive portfolio of products and services make it an attractive option for investors looking for diversification. With a growing demand for digital gaming and entertainment solutions, EVERI HOLDINGS is well-positioned to benefit from current trends. The company’s commitment to innovation and customer service make it an attractive option for investors looking for long-term returns.
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