EVI Industries (NYSEAMERICAN:EVI) Posts Earnings Results, Beats Estimates By $0.10 EPS

EVI Industries (NYSEAMERICAN:EVI) announced its quarterly earnings data on Monday. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10, FiscalAI reports. The company had revenue of $112.95 million during the quarter, compared to analysts’ expectations of $114.70 million. EVI Industries had a net margin of 2.15% and a return on equity of 6.62%.

EVI Industries Price Performance

NYSEAMERICAN:EVI opened at $22.59 on Wednesday. The firm has a market cap of $292.93 million, a PE ratio of 37.54 and a beta of 0.01. EVI Industries has a 12 month low of $12.75 and a 12 month high of $27.00. The company has a quick ratio of 0.87, a current ratio of 1.64 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $18.86 and its two-hundred day moving average price is $18.55.

Analyst Ratings Changes

Separately, DA Davidson reiterated a “buy” rating and set a $32.00 target price on shares of EVI Industries in a research report on Friday, September 18th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, EVI Industries presently has a consensus rating of “Buy” and an average target price of $32.00.

About EVI Industries

EVI Industries, Inc. is a value-added distributor of commercial and industrial equipment, parts, supplies and related services. The company primarily serves the commercial laundry, dry-cleaning and textile-care markets, providing equipment such as washers, dryers, finishing systems and dry-cleaning machines, along with installation, maintenance, repair and technical support. EVI’s customers include businesses and institutions in the hospitality, healthcare, multi-housing, laundromat, government, correctional and other service industries.