Everi Holdings Inc.

Description

Everi Holdings Inc. develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages. It also provides financial access services, such as funds dispensed and transmitted, credit card and POS debit card financial access transactions; check warranty; CashClub, a software payments platform that provides gaming operators with a personal computer workstation software user interface and point-of-sale terminal; CashClub Wallet, a digital payments platform for gaming operators; fully integrated kiosks that provide multiple functions to gaming operators on their casino floors; loyalty kiosk and related equipment; and other integrated kiosk solutions. In addition, the company offers non-funds dispensing terminals that perform authorizations for credit card financial access and POS debit card financial access transactions; and ancillary marketing and database services. Further, it provides Everi Compliance, a anti-money laundering management tool; Central Credit, a gaming patron credit bureau service; JackpotXpress, a jackpot payout and tax form management platform; and Loyalty platform, a software platform to adopt and deliver new promotional strategies, as well as support and maintenance services. It offers products for the casino, sports, entertainment, and hospitality industries. 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 based in Las Vegas, Nevada.

About

CEO
Mr. Randy L. Taylor CPA
Employees
2,200
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Gambling
MIC code
XNYS
Address
7250 South Tenaya Way, Las Vegas, NV 89113, United States
Phone
800 833 7110
Website
Chart Image
× Enlarged Chart
Oscillators
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Summary
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 11, 2025
Aug 6, 2025
May 6, 2025
Feb 26, 2025
Nov 13, 2024 0.16 -0.03 -0.19 -118.75%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 1 2
Average estimate 0.19 0.60
Low estimate 0.19 0.52
High estimate 0.19 0.68
Last year EPS 0.19 0.24
[stock_revenue_estimate]

Growth estimates

Current qtr
-65.000%
Next qtr. (Mar 2025)
-0.420%
Current year
-85.220%
Next year (Dec 2025)
155.320%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Aug 5, 2024
B. Riley Securities
David Bain
Maintains Neutral ▲ Raises $11 → $14.25
Jul 31, 2024
Stifel
Jeffrey Stantial
Downgrade Hold ▲ Raises $11 → $14.25
Jul 29, 2024
Raymond James
John Davis
Downgrade Market Perform
Jul 18, 2024
Truist Securities
Barry Jonas
Maintains Hold ▼ Lowers $11 → $10
May 9, 2024
Stifel
Jeffrey Stantial
Maintains Buy ▼ Lowers $12 → $11
Apr 23, 2024
Truist Securities
Barry Jonas
Maintains Hold ▼ Lowers $13 → $11
Apr 5, 2024
B. Riley Securities
David Bain
Reinstates Neutral Announces $12
Mar 1, 2024
Jefferies
David Katz
Downgrade Hold ▼ Lowers $18 → $13
Mar 1, 2024
Truist Securities
Barry Jonas
Downgrade Hold ▼ Lowers $14 → $13
Nov 9, 2023
Raymond James
John Davis
Maintains Strong Buy ▼ Lowers $20 → $16
Nov 9, 2023
Truist Securities
Barry Jonas
Maintains Buy ▼ Lowers $17 → $16
Oct 18, 2023
Truist Securities
Barry Jonas
Maintains Buy ▼ Lowers $20 → $17
Aug 10, 2023
Truist Securities
Barry Jonas
Maintains Buy ▼ Lowers $25 → $20
Aug 10, 2023
B. Riley Securities
David Bain
Maintains Buy ▼ Lowers $27 → $24
Aug 10, 2023
Raymond James
John Davis
Maintains Strong Buy ▼ Lowers $25 → $20
Jul 18, 2023
Truist Securities
Barry Jonas
Maintains Buy ▼ Lowers $27 → $25
May 11, 2023
Raymond James
John Davis
Maintains Strong Buy ▼ Lowers $26 → $25
May 2, 2023
Stifel
Jeffrey Stantial
Maintains Buy ▼ Lowers $25 → $24
Jan 17, 2023
Craig-Hallum
George Sutton
Maintains Buy ▼ Lowers $30 → $25
Aug 4, 2022
Raymond James
John Davis
Maintains Strong Buy ▲ Raises $23 → $26
Jul 20, 2022
Truist Securities
Barry Jonas
Maintains Buy ▼ Lowers $32 → $30
Jun 28, 2022
B. Riley Securities
David Bain
Maintains Buy ▼ Lowers $36 → $35
May 11, 2022
Raymond James
John Davis
Maintains Strong Buy ▼ Lowers $30 → $23
Jan 11, 2022
Raymond James
John Davis
Maintains Strong Buy ▼ Lowers $33 → $30
Nov 4, 2021
Raymond James
John Davis
Maintains Strong Buy ▲ Raises $28 → $33
May 6, 2021
Raymond James
John Davis
Maintains Strong Buy ▲ Raises $19 → $23
Apr 28, 2021
B. Riley Securities
Initiates Buy
Apr 28, 2021
B. Riley FBR
Initiates Buy
Jan 14, 2021
Raymond James
Maintains Strong Buy ▲ Raises $13 → $19
Dec 3, 2020
Roth Capital
Maintains Buy ▲ Raises $20 → $21

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 807.82M 782.52M 660.39M 383.67M 533.23M
Cost of revenue 161.24M 165.32M 115.45M 65.84M 112.39M
Gross profit 646.58M 617.20M 544.94M 317.84M 420.84M
Operating expense
Research & development 67.63M 60.53M 39.05M 27.94M 32.51M
Selling general and admin
Other operating expenses 260.93M 216.96M 188.90M 152.55M 162.18M
Operating income 179.28M 213.35M 197.51M -5.42M 94.02M
Non operating interest income
Income
Expense
Other income expense -34.39M -7.46M -179,000
Pretax income 101.59M 157.60M 101.03M -87.44M 15.99M
Tax provision 17.59M 37.11M -51.90M -5.76M -523,000
Net income 84.00M 120.49M 152.93M -81.68M 16.52M
Basic EPS 0.96 1.33 1.71 -0.96 0.23
Diluted EPS 0.91 1.24 1.53 -0.96 0.21
Basic average shares 87.18M 90.49M 89.28M 85.38M 72.38M
Diluted average shares 87.18M 90.49M 89.28M 85.38M 72.38M
EBITDA 318.02M 339.71M 351.37M 144.81M 226.33M
Net income from continuing op. 84.00M 120.49M 152.93M -81.68M 16.52M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 2.12B 1.92B 1.64B 1.48B 1.63B
Current assets
Cash
Cash equivalents
Cash and cash equivalents 267.22M 293.39M 302.01M 251.71M 289.87M
Other short term investments
Accounts receivable 107.93M 118.90M 104.82M 74.19M 87.91M
Other receivables 441.85M 263.75M 89.28M 60.65M 70.28M
Inventory 70.62M 58.35M 29.23M 27.74M 26.57M
Prepaid assets 36.14M 34.95M 22.10M 15.42M 19.77M
Restricted cash 5.19M 1.57M 1.62M 542,000 6.64M
Assets held for sale
Hedging assets
Other current assets 2.58M 2.31M 3.59M 1.39M 1.48M
Non current assets
Properties 408.22M 363.51M 317.74M 288.20M 270.68M
Land and improvements
Machinery furniture equipment 63.86M 55.25M 45.28M 45.09M 48.86M
Construction in progress
Leases 19.27M 13.67M 12.60M 11.35M 11.82M
Accumulated depreciation -311.16M -281.61M -242.93M -216.21M -190.23M
Goodwill 1.71B 1.67B 1.58B 1.58B 1.64B
Investment properties
Financial assets
Intangible assets 234.14M 238.28M 214.59M 214.63M 279.19M
Investments and advances
Other non current assets 30.78M 30.91M 48.28M 15.56M 17.83M
Total liabilities 1.90B 1.70B 1.46B 1.49B 1.58B
Current liabilities
Accounts payable 30.26M 29.65M 25.45M 15.50M 78.63M
Accrued expenses 37.38M 53.51M 42.69M 56.54M 58.30M
Short term debt 13.08M 12.51M 11.66M 6.90M 5.82M
Deferred revenue 51.40M 50.87M 36.24M 26.98M 28.51M
Tax payable 6.37M 3.67M 2.76M 1.33M 1.85M
Pensions
Other current liabilities 662.97M 467.90M 291.86M 173.21M 234.09M
Non current liabilities
Long term debt 968.47M 972.00M 975.53M 1.13B 1.11B
Provision for risks and charges
Deferred liabilities 13.76M 5.99M 19.96M 26.40M
Derivative product liabilities
Other non current liabilities
Shareholders equity
Common stock 123,000 119,000 117,000 112,000 109,000
Retained earnings 62.73M -21.27M -141.76M -294.62M -212.94M
Other shareholders equity -3.47M -4.20M -1.46M -1.19M -819,000
Total shareholders equity 226.14M 217.64M 174.50M -7.90M 53.99M
Additional paid in capital 560.95M 527.47M 505.76M 466.61M 445.16M
Treasury stock 394.19M 284.48M 188.16M 178.81M 177.52M
Minority interest

Cash flow statement

20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001
Operating Activities
Net Income84.00M120.49M152.93M-81.68M16.52M12.36M-51.90M-249.48M-104.97M12.14M24.40M25.69M9.13M17.55M33.58M23.47M23.70M26.61M22.59M254.56M58.39M
Depreciation138.73M126.36M119.47M142.76M132.14M126.47M116.79M144.63M131.02M22.94M16.94M16.73M16.64M16.20M17.94M16.22M12.76M11.47M14.05M15.17M14.06M
Deferred Taxes8.75M32.62M-52.08M-6.58M-1.59M-10.34M-20.02M29.94M-19.88M6.61M13.64M14.38M9.25M17.51M20.68M14.51M15.90M7.23M-214.67M
Stock-Based Compensation18.71M19.79M20.90M13.04M9.86M7.25M6.41M6.74M8.28M8.88M5.08M6.66M6.81M7.94M8.45M9.05M
Other Non-Cash Items16.52M16.73M-13.76M17.29M17.27M13.30M16.53M15.39M14.72M2.32M1.79M1.49M1.34M973,0007.96M38.24M33.45M15.62M58,000
Accounts Receivable-177.86M-205.58M-66.24M18.50M-28.79M114.39M-99.27M-92.21M-7.05M-17.41M-22.13M52.02M-78.01M4.42M-2.63M20.71M53.91M-87.16M-37.13M-9.82M-1.92M
Accounts Payable-1.10M3.15M3.66M-715,000-7.53M8.39M
Other Assets & Liabilities182.92M149.96M114.90M-66.78M-103.85M13.31M151.18M234.03M-8.53M-45.55M-20.47M53.15M170.36M15.66M33.08M-30.65M-43.46M80.55M18.59M27.89M-34.29M
Operating Cash Flow271.79M260.37M276.12M36.55M41.54M275.63M119.71M89.04M13.60M-10.08M19.26M173.26M139.19M79.52M90.85M106.11M94.89M62.99M25.34M73.13M36.30M
Investing Activities
Capital Expenditures206,000227,000261,000396,00056,000237,00010,0004.60M2.10M421,00086,000868,000-7.22M-8.82M-10.93M-15.71M-7.10M-3.26M-6.01M
Net Intangibles3.10M276,000-1.04M
Net Acquisitions-59.41M-51.45M-16.00M-15.00M-35.00M-694,000-10.86M-1.07B-10.76M-15.35M-38,000-50.88M
Purchase of Investments
Sale of Investments
Investing Cash Flow-59.20M-51.77M-47.20M-17.69M-52.05M-20.32M-13.29M-7.41M-11.67M-1.07B-4,0001.12M-10.76M-15.44M-7.24M-58.71M-10.96M-17.06M-17.86M-4.86M-6.01M-9.75M
Financing Activities
Long-Term Debt Issuance1.00B125.00M1.20B335.00M700.00M214.00M
Long-Term Debt Payments-6.00M-6.00M-1.15B-138.74M-58.70M-8.20M-1.15B-24.40M-360.00M-103.00M-18.50M-52.50M-248.75M-41.00M-16.00M-118.73M
Other Financing Charges-10.53M-173,000-50.50M-11.13M-707,000-1.28M-28.70M-480,000-1.22M-52.74M-764,000-676,000-7.10M377,000-1.32M-51,000-511.29M-63.07M-52.33M-56.81M
Financing Cash Flow-116.53M-90.52M-197.26M-24.87M61.91M-17.80M11.49M-49.32M-36.39M1.03B-37.61M-53.44M-76.79M-90.47M-93.34M-125.95M-38.72M171,000128.84M-511.29M-63.07M-52.33M-56.81M
Other Cash Details
End Cash Position272.51M295.06M303.73M252.35M296.61M299.18M129.60M119.44M102.03M89.10M114.25M153.02M55.54M60.64M84.77M77.15M71.06M40.92M35.12M49.58M23.42M
Income Tax Paid5.48M4.52M1.06M576,000694,000-402,0001.01M1.70M2.10M962,000711,000665,000366,000689,000
Interest Paid86.53M54.75M51.22M67.56M77.35M-81.61M89.01M93.42M98.36M59.27M8.63M15.49M19.17M15.92M
Free Cash Flow147.12M144.53M255.46M-40.25M-29.40M191.26M-231,00051.16M47.60M6.09M-9.65M144.70M46.83M59.85M83.75M62.51M80.94M54.37M31.49M71.95M26.42M81.96M73.61M

Top Institutional Holders

Holder Date Reported Shares Value % Held
Vanguard Total Stock Market Index Fund Sep 30, 2024 2,528,943 34.65M 2.93%
iShares Russell 2000 ETF Nov 30, 2024 2,222,451 30.45M 2.58%
Arbitrage Fund Nov 30, 2024 2,220,000 30.41M 2.57%
College Retirement Equities Fund-Stock Account Sep 30, 2024 1,590,000 21.78M 1.84%
Vanguard Extended Market Index Fund Sep 30, 2024 1,291,255 17.69M 1.50%
Merger Fund, The Sep 30, 2024 933,372 12.79M 1.08%
Fidelity Small Cap Index Fund Oct 31, 2024 803,015 11.00M 0.93%
Meridian Small Cap Growth Fund Sep 30, 2024 778,740 10.67M 0.90%
AQR Funds-AQR Diversified Arbitrage Fd Sep 30, 2024 738,297 10.11M 0.86%
TIAA-CREF Funds-Nuveen Quant Small Cap Equity Fund Oct 31, 2024 587,510 8.05M 0.68%
1/ST LAUNCHES FULL SUITE VENUE APP, INCLUDING AN INTEGRATED WAGERING EXPERIENCE FOR HORSE RACING FANS AT GULFSTREAM PARK, DEVELOPED WITH EVERI Article
1/ST LAUNCHES FULL SUITE VENUE APP, INCLUDING AN INTEGRATED WAGERING EXPERIENCE FOR HORSE RACING FANS AT GULFSTREAM PARK, DEVELOPED WITH EVERI
Utilizing Everi's BeOn™ Mobile Services, the Gulfstream Racing App Includes Traditional Venue App Features and an Expanded Wagering Experience LAS VEGAS and HALLANDALE BEACH, Fla. , Jan. 29, 2025 /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, in an agreement with 1/ST, North America's preeminent Thoroughbred horse racing and pari-mutuel wagering company, today announced the launch of their new mobile app and wagering experience, Gulfstream Racing.
PRNewsWire Neutral
Jan 29, 2025
Everi Stockholders Approve Acquisition by Apollo Funds Article
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 the merger agreement, Everi stockholders will receive $14.25 per share in cash for every share of Everi common stock they own immediately prior to the effective time of the merger.
PRNewsWire Neutral
Nov 14, 2024
Analysts Estimate Everi Holdings (EVRI) to Report a Decline in Earnings: What to Look Out for Article
Analysts Estimate Everi Holdings (EVRI) to Report a Decline in Earnings: What to Look Out for
Everi Holdings (EVRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks Investment Research Negative
Nov 6, 2024
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