Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
An announcement from Everi Holdings ( (EVRI) ) is now available.
On July 26, 2024, Everi Holdings entered into definitive agreements with International Game Technology PLC and other parties for a proposed transaction where Everi and IGT’s Gaming & Digital business will be acquired by a new holding company owned by Apollo Global Management affiliates. This transaction involves disclosing preliminary unaudited financial results for March 31, 2025, to facilitate financing discussions. The preliminary estimates show an increase in cash and cash equivalents compared to December 31, 2024, but a decrease in total revenues and Pro Forma Adjusted EBITDA for the three months ended March 31, 2025, compared to the same period in 2024.
Spark’s Take on EVRI Stock
According to Spark, TipRanks’ AI Analyst, EVRI is a Neutral.
Everi Holdings’ overall stock score is primarily influenced by solid technical indicators and a strong cash flow position. However, the high P/E ratio and declining profit margins are significant concerns. The company’s high leverage and lack of dividend yield also weigh negatively on the overall score. Continued focus on reducing debt and improving profitability is essential for enhancing investor confidence.
To see Spark’s full report on EVRI stock, click here.
More about Everi Holdings
YTD Price Performance: 2.44%
Average Trading Volume: 1,173,292
Technical Sentiment Signal: Sell
Current Market Cap: $1.2B
For detailed information about EVRI stock, go to TipRanks’ Stock Analysis page.