EVERTEC (EVTC) Scheduled to Post Quarterly Earnings on Wednesday

EVERTEC (NYSE:EVTC) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect EVERTEC to post earnings of $0.67 per share for the quarter. EVERTEC has set its FY24 guidance at $2.82 to $2.94 EPS and its FY 2024 guidance at 2.820-2.940 EPS.

EVERTEC (NYSE:EVTC) last issued its earnings results on Wednesday, February 28th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06). EVERTEC had a net margin of 11.48% and a return on equity of 29.73%. The company had revenue of $194.62 million during the quarter, compared to analyst estimates of $179.86 million. On average, analysts expect EVERTEC to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

EVERTEC Price Performance

Shares of NYSE:EVTC opened at $38.43 on Monday. The company has a 50-day simple moving average of $38.49 and a 200-day simple moving average of $38.19. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 2.26 and a beta of 1.20. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.88 and a current ratio of 1.88. EVERTEC has a one year low of $31.56 and a one year high of $42.21.

EVERTEC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, April 29th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, April 26th. EVERTEC’s dividend payout ratio (DPR) is 16.53%.

Wall Street Analyst Weigh In

EVTC has been the subject of a number of research reports. StockNews.com cut shares of EVERTEC from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Morgan Stanley raised their target price on shares of EVERTEC from $32.00 to $33.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.33.

Insider Buying and Selling at EVERTEC

In other news, CEO Morgan M. Schuessler sold 100,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $37.19, for a total value of $3,719,000.00. Following the transaction, the chief executive officer now directly owns 347,941 shares in the company, valued at approximately $12,939,925.79. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Frank G. D’angelo sold 16,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $37.43, for a total transaction of $598,880.00. Following the completion of the sale, the director now directly owns 10,380 shares of the company’s stock, valued at approximately $388,523.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Morgan M. Schuessler sold 100,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $37.19, for a total value of $3,719,000.00. Following the completion of the transaction, the chief executive officer now directly owns 347,941 shares of the company’s stock, valued at approximately $12,939,925.79. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.

About EVERTEC

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. 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.