TSX runs higher on rate cut expectations
Evri stock has reached a notable milestone, hitting a 52-week high at 14.2 USD, with an impressive gross profit margin of 79% and a strong financial health score of "GOOD" according to InvestingPro analysis. This achievement reflects a significant upward trajectory for the company over the past year. Global Cash Access Holdings Inc (NYSE:EVRI), the parent company of Evri, has experienced a remarkable 77% one-year return, with a healthy free cash flow yield and moderate debt levels. The stock’s ascent to this 52-week high highlights its resilience and potential for continued growth in the competitive financial services sector. Discover more insights and 10+ additional ProTips for EVRI with an InvestingPro subscription, including exclusive access to comprehensive Pro Research Reports covering 1,400+ top stocks.
In other recent news, Everi Holdings Inc. disclosed its preliminary financial results for the first quarter ended March 31, 2025. These unaudited results were shared as part of preparations for a significant transaction involving a merger with International Game Technology (NYSE:IGT) PLC’s Gaming & Digital business. The merger will be supported by funds managed by affiliates of Apollo Global Management (NYSE:APO), Inc. Everi has clarified that these preliminary results are not filed for regulatory purposes and are subject to risks and uncertainties. In leadership news, Everi has reappointed Michael D. Rumbolz as Executive Chair of the Board, effective April 1, 2025. His compensation includes a monthly cash payment and potential bonuses, contingent on specific goals. The executive arrangement emphasizes continuity in leadership as the company navigates the proposed merger. Investors can refer to Everi’s SEC filings for detailed information on these developments.
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