EVERTEC (EVTC) to Release Earnings on Wednesday

EVERTEC (NYSE:EVTC - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce 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 - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.06). The company had revenue of $194.62 million for the quarter, compared to analysts' expectations of $179.86 million. EVERTEC had a net margin of 11.48% and a return on equity of 29.73%. On average, analysts expect EVERTEC to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

EVERTEC Stock Performance

Shares of NYSE EVTC traded up $0.19 during trading on Wednesday, reaching $38.83. 186,938 shares of the company traded hands, compared to its average volume of 316,314. The firm's fifty day simple moving average is $38.67 and its 200 day simple moving average is $38.17. The stock has a market cap of $2.50 billion, a P/E ratio of 31.94, a PEG ratio of 2.25 and a beta of 1.20. EVERTEC has a 12-month low of $31.55 and a 12-month high of $42.21. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.58.

EVERTEC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, April 29th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, April 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. EVERTEC's payout ratio is currently 16.53%.

Insider Activity at EVERTEC

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 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. Also, Director Frank G. D'angelo sold 16,000 shares of EVERTEC stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $37.43, for a total value of $598,880.00. Following the completion of the sale, the director now 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 owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com lowered EVERTEC from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. Morgan Stanley lifted their price target on EVERTEC from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.33.

EVERTEC Company Profile

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.