Evertec (NYSE:EVTC) will release its earnings data after the market closes on Tuesday, October 30th. Analysts expect Evertec to post earnings of $0.37 per share for the quarter.
Evertec (NYSE:EVTC) last issued its earnings results on Tuesday, July 31st. The business services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. Evertec had a return on equity of 64.95% and a net margin of 12.91%. The business had revenue of $113.35 million during the quarter, compared to analyst estimates of $111.77 million. During the same quarter in the previous year, the firm earned $0.44 EPS. Evertec’s revenue was up 9.5% on a year-over-year basis. On average, analysts expect Evertec to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:EVTC opened at $25.52 on Tuesday. Evertec has a fifty-two week low of $12.60 and a fifty-two week high of $25.64. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 17.36 and a beta of 1.27.
In other Evertec news, COO Philip E. Steurer sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $24.39, for a total value of $243,900.00. Following the completion of the transaction, the chief operating officer now directly owns 123,930 shares in the company, valued at approximately $3,022,652.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Miguel Vizcarrondo sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $23.76, for a total value of $712,800.00. Following the completion of the transaction, the executive vice president now owns 215,887 shares of the company’s stock, valued at $5,129,475.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,500 shares of company stock valued at $1,759,985. 0.76% of the stock is currently owned by corporate insiders.
A number of brokerages have weighed in on EVTC. Deutsche Bank boosted their target price on Evertec from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Morgan Stanley boosted their price target on Evertec from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 1st. Zacks Investment Research upgraded Evertec from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research note on Thursday, July 26th. Finally, ValuEngine upgraded Evertec from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.33.
EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.
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