EVERTEC (EVTC) Scheduled to Post Earnings on Wednesday

EVERTEC (NYSE:EVTC) will post its quarterly earnings results 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 posted 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). EVERTEC had a net margin of 11.48% and a return on equity of 29.73%. The business had revenue of $194.62 million for the quarter, compared to analyst estimates of $179.86 million. 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

NYSE:EVTC opened at $38.66 on Wednesday. EVERTEC has a 52 week low of $31.55 and a 52 week high of $42.21. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $2.49 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The stock’s 50-day moving average price is $38.70 and its 200-day moving average price is $38.17.

EVERTEC Announces Dividend

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

Insider Buying and Selling

In related news, CEO Morgan M. Schuessler sold 100,000 shares of EVERTEC 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 sale, the chief executive officer now directly owns 347,941 shares in the company, valued at approximately $12,939,925.79. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other EVERTEC news, CEO Morgan M. Schuessler sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $37.19, for a total value of $3,719,000.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank G. D’angelo sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $37.43, for a total transaction of $598,880.00. Following the completion of the transaction, the director now directly owns 10,380 shares in the company, valued at $388,523.40. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. StockNews.com cut EVERTEC from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Morgan Stanley lifted their price objective on EVERTEC from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.33.

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.