EVERTEC (EVTC) to Release Earnings on Wednesday

EVERTEC (NYSE:EVTC) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce 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 announced its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations 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 $38.35 on Tuesday. The company has a market capitalization of $2.47 billion, a PE ratio of 31.69, a PEG ratio of 2.26 and a beta of 1.20. The business has a fifty day moving average price of $38.42 and a 200-day moving average price of $38.21. EVERTEC has a 1-year low of $31.56 and a 1-year high of $42.21. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.88 and a quick ratio of 1.88.

EVERTEC Dividend Announcement

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 issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, April 26th. EVERTEC’s payout ratio is 16.53%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at EVERTEC

In other EVERTEC news, CEO Morgan M. Schuessler sold 100,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 347,941 shares in the company, valued at $12,939,925.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 owns 347,941 shares of the company’s stock, valued at $12,939,925.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank G. D’angelo sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $37.43, for a total value of $598,880.00. Following the transaction, the director now owns 10,380 shares of the company’s stock, valued at $388,523.40. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company’s stock.

EVERTEC Company Profile

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.