$0.23 EPS Expected for Evertec Inc (EVTC) This Quarter
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.
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.
TRADEMARK VIOLATION NOTICE: “$0.23 EPS Expected for Evertec Inc (EVTC) This Quarter” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/12/13/0-23-eps-expected-for-evertec-inc-evtc-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.