EVI Industries (NYSEAMERICAN:EVI) Issues Earnings Results

EVI Industries (NYSEAMERICAN:EVI) posted its quarterly earnings data on Monday. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01), FiscalAI reports. EVI Industries had a return on equity of 4.35% and a net margin of 1.51%.The company had revenue of $115.29 million during the quarter, compared to the consensus estimate of $108.00 million.

EVI Industries Price Performance

Shares of NYSEAMERICAN:EVI traded up $0.68 during midday trading on Monday, hitting $24.18. The company’s stock had a trading volume of 5,132 shares, compared to its average volume of 15,300. The company has a market cap of $348.43 million, a P/E ratio of 62.00 and a beta of 0.04. EVI Industries has a 12-month low of $14.99 and a 12-month high of $34.82. The business’s 50 day simple moving average is $24.27 and its 200 day simple moving average is $25.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 1.41.

Institutional Trading of EVI Industries

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of EVI Industries by 45.2% during the third quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 491 shares in the last quarter. Natixis Advisors LLC grew its holdings in EVI Industries by 1.7% during the 3rd quarter. Natixis Advisors LLC now owns 36,518 shares of the industrial products company’s stock valued at $1,154,000 after purchasing an additional 622 shares in the last quarter. Pathstone Holdings LLC increased its stake in EVI Industries by 1.4% during the 3rd quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company’s stock worth $1,565,000 after buying an additional 665 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in EVI Industries by 27.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock worth $64,000 after buying an additional 829 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in EVI Industries by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 104,380 shares of the industrial products company’s stock worth $3,300,000 after buying an additional 852 shares in the last quarter. Hedge funds and other institutional investors own 37.30% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a “buy” rating and issued a $40.00 price objective on shares of EVI Industries in a report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $40.00.

EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.