Brokerages Anticipate EVERTEC, Inc. (NYSE:EVTC) Will Announce Earnings of $0.66 Per Share

Equities analysts expect EVERTEC, Inc. (NYSE:EVTCGet Rating) to report earnings of $0.66 per share for the current quarter, according to Zacks. Four analysts have provided estimates for EVERTEC’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.63. EVERTEC reported earnings per share of $0.78 during the same quarter last year, which indicates a negative year-over-year growth rate of 15.4%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that EVERTEC will report full year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $2.51 to $2.58. For the next fiscal year, analysts anticipate that the company will report earnings of $2.70 per share, with EPS estimates ranging from $2.64 to $2.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow EVERTEC.

EVERTEC (NYSE:EVTCGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The business services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The business had revenue of $150.20 million during the quarter, compared to analyst estimates of $146.07 million. EVERTEC had a return on equity of 43.09% and a net margin of 27.40%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share.

Several brokerages have recently commented on EVTC. Susquehanna reduced their target price on EVERTEC from $49.00 to $43.00 in a report on Friday, February 25th. Zacks Investment Research raised EVERTEC from a “sell” rating to a “hold” rating in a report on Tuesday. Susquehanna Bancshares reduced their target price on EVERTEC from $49.00 to $43.00 in a report on Friday, February 25th. StockNews.com raised EVERTEC from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Raymond James reduced their target price on EVERTEC from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Friday, February 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.00.

Shares of NYSE EVTC opened at $40.99 on Monday. EVERTEC has a 12 month low of $37.39 and a 12 month high of $51.06. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 18.22 and a beta of 0.96. The company has a quick ratio of 2.85, a current ratio of 2.95 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $40.26 and a 200-day simple moving average of $43.66.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Monday, May 2nd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Friday, April 29th. EVERTEC’s payout ratio is 8.89%.

In other EVERTEC news, CEO Morgan M. Schuessler sold 47,077 shares of the company’s stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $37.86, for a total value of $1,782,335.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paola Perez-Surillo sold 29,253 shares of the company’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $40.26, for a total value of $1,177,725.78. Following the completion of the transaction, the executive vice president now directly owns 20,687 shares in the company, valued at $832,858.62. The disclosure for this sale can be found here. Insiders have sold 210,341 shares of company stock worth $8,080,318 over the last three months. 0.44% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new position in shares of EVERTEC during the 3rd quarter valued at about $26,000. Dark Forest Capital Management LP increased its holdings in shares of EVERTEC by 589.7% during the 3rd quarter. Dark Forest Capital Management LP now owns 800 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 684 shares during the last quarter. Bellevue Group AG acquired a new position in shares of EVERTEC during the 4th quarter valued at about $37,000. Koshinski Asset Management Inc. acquired a new position in shares of EVERTEC during the 4th quarter valued at about $63,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of EVERTEC by 8,720.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,764 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 1,744 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors.

EVERTEC Company Profile (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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