Brokerages expect Evertec Inc (NYSE:EVTC) to announce earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Evertec’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.24. Evertec posted earnings of $0.43 per share in the same quarter last year, which suggests a negative year over year growth rate of 46.5%. The business is expected to issue its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Evertec will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.45 to $1.66. For the next fiscal year, analysts forecast that the firm will post earnings of $1.39 per share, with EPS estimates ranging from $1.12 to $1.59. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Evertec.

Evertec (NYSE:EVTC) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). Evertec had a net margin of 15.92% and a return on equity of 95.54%. The company had revenue of $102.70 million for the quarter, compared to the consensus estimate of $97.11 million. During the same period in the prior year, the firm posted $0.41 EPS. The business’s revenue was up 8.7% on a year-over-year basis.

EVTC has been the topic of several research reports. Zacks Investment Research raised 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 Tuesday, October 3rd. ValuEngine raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus raised 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. Deutsche Bank cut their price objective on shares of Evertec from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. Finally, TheStreet lowered shares of Evertec from a “b-” rating to a “c+” rating in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.83.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVTC. Bank of America Corp DE grew its holdings in Evertec by 338.4% in the first quarter. Bank of America Corp DE now owns 105,830 shares of the business services provider’s stock worth $1,682,000 after purchasing an additional 81,688 shares during the last quarter. State Street Corp grew its holdings in Evertec by 0.6% in the first quarter. State Street Corp now owns 1,191,715 shares of the business services provider’s stock worth $18,948,000 after purchasing an additional 7,144 shares during the last quarter. IFP Advisors Inc purchased a new position in Evertec in the second quarter worth $108,000. Boston Partners grew its holdings in Evertec by 31.1% in the second quarter. Boston Partners now owns 909,167 shares of the business services provider’s stock worth $15,729,000 after purchasing an additional 215,927 shares during the last quarter. Finally, Denver Investment Advisors LLC grew its holdings in Evertec by 75.8% in the second quarter. Denver Investment Advisors LLC now owns 1,264,674 shares of the business services provider’s stock worth $21,879,000 after purchasing an additional 545,463 shares during the last quarter. 79.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of Evertec (NYSE EVTC) opened at $13.15 on Wednesday. The company has a debt-to-equity ratio of 4.08, a quick ratio of 1.00 and a current ratio of 1.00. Evertec has a 12 month low of $12.60 and a 12 month high of $19.52. The firm has a market cap of $959.17, a P/E ratio of 8.15, a PEG ratio of 1.85 and a beta of 1.14.

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Evertec Company Profile

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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