EVERTEC (EVTC) Scheduled to Post Quarterly Earnings on Wednesday

EVERTEC (NYSE:EVTC) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect EVERTEC to post earnings of $0.67 per share for the quarter. EVERTEC has set its FY24 guidance at $2.82 to $2.94 EPS and its FY 2024 guidance at 2.820-2.940 EPS.

EVERTEC (NYSE:EVTC) last released its earnings results on Wednesday, February 28th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). The company had revenue of $194.62 million during the quarter, compared to analysts’ expectations of $179.86 million. EVERTEC had a return on equity of 29.73% and a net margin of 11.48%. On average, analysts expect EVERTEC to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

EVERTEC Price Performance

EVTC opened at $38.43 on Monday. The firm has a market cap of $2.48 billion, a PE ratio of 31.76, a P/E/G ratio of 2.26 and a beta of 1.20. The stock has a 50-day moving average price of $38.49 and a 200-day moving average price of $38.19. EVERTEC has a 1 year low of $31.56 and a 1 year high of $42.21. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.88 and a quick ratio of 1.88.

EVERTEC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, April 29th will be issued a $0.05 dividend. The ex-dividend date is Friday, April 26th. This represents a $0.20 annualized dividend and a yield of 0.52%. EVERTEC’s dividend payout ratio (DPR) is presently 16.53%.

Analysts Set New Price Targets

EVTC has been the subject of a number of recent analyst reports. StockNews.com lowered shares of EVERTEC from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Morgan Stanley upped their price target on EVERTEC from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.33.

Insider Buying and Selling

In related news, CEO Morgan M. Schuessler sold 100,000 shares of EVERTEC stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $37.19, for a total value of $3,719,000.00. Following the completion of the sale, the chief executive officer now owns 347,941 shares of the company’s stock, valued at $12,939,925.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Frank G. D’angelo sold 16,000 shares of EVERTEC stock in a transaction on Monday, March 11th. The shares were sold at an average price of $37.43, for a total transaction of $598,880.00. Following the transaction, the director now owns 10,380 shares in the company, valued at approximately $388,523.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Morgan M. Schuessler sold 100,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $37.19, for a total value of $3,719,000.00. Following the completion of the transaction, the chief executive officer now directly owns 347,941 shares of the company’s stock, valued at approximately $12,939,925.79. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

About EVERTEC

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.