EVI Industries (NYSEAMERICAN:EVI – Get Free Report) posted its quarterly earnings results 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. EVI Industries had a return on equity of 5.31% and a net margin of 1.73%. The firm had revenue of $112.95 million during the quarter, compared to the consensus estimate of $114.70 million.
EVI Industries Price Performance
Shares of NYSEAMERICAN:EVI traded up $0.90 during trading hours on Monday, hitting $21.73. 141,000 shares of the company’s stock traded hands, compared to its average volume of 55,952. The company’s fifty day simple moving average is $18.55 and its two-hundred day simple moving average is $18.59. The company has a market cap of $281.84 million, a price-to-earnings ratio of 45.27 and a beta of 0.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.87 and a current ratio of 1.64. EVI Industries has a 52 week low of $12.75 and a 52 week high of $27.36.
Wall Street Analysts Forecast Growth
Separately, DA Davidson restated a “buy” rating and set a $32.00 price objective on shares of EVI Industries in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $32.00.
Get Our Latest Stock Report on EVI Industries
EVI Industries Company Profile
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.
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