Evertec, Inc. (EVTC) Scheduled to Post Quarterly Earnings on Tuesday
Evertec, Inc. (NYSE:EVTC) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Evertec has set its FY17 guidance at $1.63-1.71 EPS.
Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Evertec had a net margin of 19.64% and a return on equity of 107.21%. The company had revenue of $103.51 million during the quarter, compared to the consensus estimate of $100.21 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Evertec’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect Evertec to post $1.62 EPS for the current fiscal year and $1.67 EPS for the next fiscal year.
Evertec, Inc. (EVTC) opened at 14.50 on Tuesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.56 and a beta of 1.21. The firm has a 50-day moving average of $16.57 and a 200 day moving average of $16.97. Evertec, Inc. has a 12-month low of $14.15 and a 12-month high of $19.52.
A number of equities research analysts have recently weighed in on EVTC shares. Zacks Investment Research lowered shares of Evertec from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub upgraded shares of Evertec from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Stifel Nicolaus upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, September 28th. ValuEngine upgraded shares of Evertec from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Morgan Stanley reduced their price objective on shares of Evertec from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.40.
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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