Evertec (EVTC) to Release Earnings on Tuesday

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.

About Evertec

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.

Recommended Story: Earnings Reports

Earnings History for Evertec (NYSE:EVTC)

Receive News & Ratings for Evertec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evertec and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply