Analysts Anticipate EVERTEC, Inc. (NYSE:EVTC) to Announce $0.66 EPS

Analysts expect that EVERTEC, Inc. (NYSE:EVTC – Get Rating) will post earnings of $0.66 per share for the current quarter, according to Zacks. Four analysts have provided estimates for EVERTEC’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.71. EVERTEC reported earnings of $0.78 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 15.4%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that EVERTEC will report full-year earnings of $2.57 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.59. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.71 per share, with EPS estimates ranging from $2.66 to $2.80. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for EVERTEC.

EVERTEC (NYSE:EVTC – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The business services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. The company had revenue of $150.20 million for 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS.

Several equities research analysts have issued reports on EVTC shares. Susquehanna cut their price objective on shares of EVERTEC from $49.00 to $43.00 in a research report on Friday, February 25th. Raymond James lowered their price objective on shares of EVERTEC from $51.00 to $47.00 and set an “outperform” rating for the company in a research report on Friday, February 25th. Susquehanna Bancshares decreased their target price on shares of EVERTEC from $49.00 to $43.00 in a research note on Friday, February 25th. StockNews.com cut shares of EVERTEC from a “buy” rating to a “hold” rating in a research note on Saturday, May 7th. Finally, Zacks Investment Research raised shares of EVERTEC from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.00.

In related news, EVP Luis A. Rodriguez-Gonzalez sold 9,238 shares of EVERTEC stock in a transaction on Monday, May 16th. The shares were sold at an average price of $37.57, for a total value of $347,071.66. Following the transaction, the executive vice president now owns 30,020 shares in the company, valued at approximately $1,127,851.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Guillermo Rospigliosi sold 2,870 shares of EVERTEC 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 220,747 shares of company stock worth $8,474,693 over the last quarter. Corporate insiders own 0.44% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in EVERTEC during the fourth quarter worth about $30,495,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of EVERTEC by 13.6% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,571,412 shares of the business services provider’s stock worth $228,479,000 after purchasing an additional 546,882 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of EVERTEC by 592.1% in the first quarter. Goldman Sachs Group Inc. now owns 638,644 shares of the business services provider’s stock worth $26,139,000 after purchasing an additional 546,369 shares during the period. Bank of America Corp DE boosted its position in shares of EVERTEC by 234.7% in the fourth quarter. Bank of America Corp DE now owns 706,022 shares of the business services provider’s stock worth $35,286,000 after purchasing an additional 495,099 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of EVERTEC by 17.0% during the fourth quarter. American Century Companies Inc. now owns 3,365,323 shares of the business services provider’s stock worth $168,199,000 after acquiring an additional 488,136 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of EVTC traded up $0.15 during midday trading on Monday, hitting $38.02. The stock had a trading volume of 7,001 shares, compared to its average volume of 295,619. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 16.93 and a beta of 0.96. The company has a 50 day simple moving average of $40.00 and a two-hundred day simple moving average of $43.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.95 and a quick ratio of 2.95. EVERTEC has a twelve month low of $36.00 and a twelve month high of $51.06.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Monday, May 2nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, April 29th. EVERTEC’s dividend payout ratio (DPR) is presently 8.89%.

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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