EVERTEC (EVTC) Scheduled to Post Earnings on Thursday

EVERTEC (NYSE:EVTCGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. EVERTEC has set its FY 2022 guidance at $2.470-$2.560 EPS and its FY22 guidance at $2.47-$2.56 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

EVERTEC (NYSE:EVTCGet Rating) last released its earnings results on Thursday, February 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.13. The company had revenue of $155.24 million for the quarter, compared to analyst estimates of $146.58 million. EVERTEC had a net margin of 27.32% and a return on equity of 45.46%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS. On average, analysts expect EVERTEC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

EVERTEC stock opened at $40.99 on Thursday. The firm has a market cap of $2.94 billion, a PE ratio of 18.55 and a beta of 0.99. EVERTEC has a 52-week low of $37.39 and a 52-week high of $51.06. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $40.93 and its two-hundred day moving average is $44.21.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, February 25th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, February 24th. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. EVERTEC’s dividend payout ratio (DPR) is presently 9.05%.

EVTC has been the topic of a number of research reports. Susquehanna reduced their target price on shares of EVERTEC from $49.00 to $43.00 in a report on Friday, February 25th. StockNews.com upgraded shares of EVERTEC from a “hold” rating to a “buy” rating in a report on Thursday. Raymond James reduced their price objective on shares of EVERTEC from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Susquehanna Bancshares reduced their price objective on shares of EVERTEC from $49.00 to $43.00 in a report on Friday, February 25th. Finally, Zacks Investment Research lowered shares of EVERTEC from a “hold” rating to a “sell” rating in a report on Tuesday, January 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EVERTEC presently has an average rating of “Hold” and a consensus target price of $44.00.

In related news, CEO Morgan M. Schuessler sold 74,586 shares of the stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $37.65, for a total value of $2,808,162.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Guillermo Rospigliosi sold 2,870 shares of the firm’s stock in a transaction on Saturday, March 5th. The stock was sold at an average price of $28.00, for a total transaction of $80,360.00. The disclosure for this sale can be found here. Insiders sold a total of 210,341 shares of company stock worth $8,080,318 over the last 90 days. Company insiders own 0.68% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in EVERTEC by 2.9% during the 4th quarter. BlackRock Inc. now owns 9,203,572 shares of the business services provider’s stock worth $459,994,000 after purchasing an additional 258,409 shares during the last quarter. Vident Investment Advisory LLC grew its position in EVERTEC by 33.3% during the 4th quarter. Vident Investment Advisory LLC now owns 9,596 shares of the business services provider’s stock worth $479,000 after purchasing an additional 2,396 shares during the last quarter. Wells Fargo & Company MN grew its position in EVERTEC by 29.9% during the 4th quarter. Wells Fargo & Company MN now owns 533,082 shares of the business services provider’s stock worth $26,643,000 after purchasing an additional 122,692 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in EVERTEC during the 4th quarter worth $944,000. Finally, Deutsche Bank AG grew its position in EVERTEC by 43.2% during the 4th quarter. Deutsche Bank AG now owns 240,641 shares of the business services provider’s stock worth $12,026,000 after purchasing an additional 72,596 shares during the last quarter. 81.56% of the stock is currently owned by institutional investors.

About EVERTEC (Get Rating)

EVERTEC, Inc engages in transaction processing business in Latin America and the Caribbean. The company operates through Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; Business Solutions, and Corporate and Other segments. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.

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Earnings History for EVERTEC (NYSE:EVTC)

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