Equities analysts expect that Evertec Inc (NYSE:EVTC) will post $90.26 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Evertec’s earnings. The highest sales estimate is $91.12 million and the lowest is $89.79 million. Evertec reported sales of $101.89 million during the same quarter last year, which indicates a negative year-over-year growth rate of 11.4%. The firm is scheduled to issue its next earnings report on Wednesday, February 28th.

On average, analysts expect that Evertec will report full-year sales of $90.26 million for the current financial year, with estimates ranging from $395.16 million to $398.63 million. For the next fiscal year, analysts expect that the firm will report sales of $406.90 million per share, with estimates ranging from $404.14 million to $411.50 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Evertec.

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

Several research analysts have recently commented on EVTC shares. Morgan Stanley cut their price objective on Evertec from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, October 19th. TheStreet lowered Evertec from a “b-” rating to a “c+” rating in a report on Thursday, October 19th. Deutsche Bank lowered their price objective on Evertec from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 8th. Zacks Investment Research downgraded Evertec from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Finally, BidaskClub downgraded Evertec from a “sell” rating to a “strong sell” rating in a research report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.83.

Evertec (EVTC) traded up $0.15 during mid-day trading on Friday, reaching $13.15. The company’s stock had a trading volume of 951,800 shares, compared to its average volume of 469,369. Evertec has a 1-year low of $12.60 and a 1-year high of $19.52. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.08. The stock has a market cap of $941.07, a price-to-earnings ratio of 7.88, a PEG ratio of 1.79 and a beta of 1.14.

Hedge funds have recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC grew its stake in Evertec by 23.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,007,542 shares of the business services provider’s stock worth $17,430,000 after purchasing an additional 193,908 shares during the period. Heartland Advisors Inc. lifted its holdings in shares of Evertec by 13.7% in the 2nd quarter. Heartland Advisors Inc. now owns 559,600 shares of the business services provider’s stock valued at $9,681,000 after buying an additional 67,525 shares during the period. Capital Fund Management S.A. acquired a new position in shares of Evertec in the 2nd quarter valued at about $456,000. Wells Fargo & Company MN raised its stake in shares of Evertec by 11.7% in the second quarter. Wells Fargo & Company MN now owns 106,333 shares of the business services provider’s stock valued at $1,840,000 after acquiring an additional 11,130 shares in the last quarter. Finally, AXA raised its stake in shares of Evertec by 45.2% in the second quarter. AXA now owns 236,500 shares of the business services provider’s stock valued at $4,091,000 after acquiring an additional 73,600 shares in the last quarter. 79.36% of the stock is currently owned by institutional investors.

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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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