Zacks: Analysts Anticipate Evertec, Inc. (EVTC) Will Post Earnings of $0.41 Per Share
Equities analysts predict that Evertec, Inc. (NYSE:EVTC) will post earnings per share of $0.41 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Evertec’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.40. Evertec also reported earnings of $0.41 per share during the same quarter last year. The firm is scheduled to issue its next earnings results on Wednesday, November 1st.
On average, analysts expect that Evertec will report full year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.66 to $1.72. For the next fiscal year, analysts forecast that the company will post earnings of $1.79 per share, with EPS estimates ranging from $1.74 to $1.84. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Evertec.
Evertec (NYSE:EVTC) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Evertec had a return on equity of 107.21% and a net margin of 19.64%. The business had revenue of $103.51 million during the quarter, compared to analysts’ expectations of $100.21 million. During the same quarter in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year.
EVTC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, July 4th. BidaskClub raised shares of Evertec from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, ValuEngine cut shares of Evertec from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.00.
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Evertec (EVTC) opened at 18.55 on Friday. Evertec has a 52-week low of $14.15 and a 52-week high of $19.52. The company’s 50 day moving average price is $18.30 and its 200 day moving average price is $16.97. The firm has a market cap of $1.34 billion, a PE ratio of 17.35 and a beta of 1.24.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 7th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.16%. Evertec’s payout ratio is presently 37.74%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new stake in shares of Evertec during the second quarter worth $108,000. BNP Paribas Arbitrage SA grew its stake in shares of Evertec by 497.5% during the second quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock worth $122,000 after buying an additional 5,880 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Evertec during the first quarter worth $169,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Evertec during the first quarter worth $171,000. Finally, DF Dent & Co. Inc. grew its stake in shares of Evertec by 0.7% during the first quarter. DF Dent & Co. Inc. now owns 10,832 shares of the business services provider’s stock worth $172,000 after buying an additional 79 shares during the last quarter. 77.96% of the stock is currently owned by hedge funds and other institutional investors.
EVERTEC, Inc is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually.
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