EVERTEC (EVTC) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EVERTEC in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" EVTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EVTC, but not buy additional shares or sell existing shares.
View EVTC analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 12 month price objectives for EVERTEC's stock. Their EVTC share price forecasts range from $29.00 to $50.00. On average, they expect the company's stock price to reach $39.40 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for EVTC or view top-rated stocks among Wall Street analysts.

EVERTEC's stock was trading at $32.38 at the beginning of the year. Since then, EVTC shares have increased by 12.5% and is now trading at $36.43.
View the best growth stocks for 2023 here.

EVERTEC saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 999,000 shares, an increase of 31.5% from the August 31st total of 759,900 shares. Based on an average daily volume of 240,100 shares, the days-to-cover ratio is presently 4.2 days. Approximately 1.6% of the company's shares are short sold.
View EVERTEC's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our EVTC earnings forecast.

EVERTEC, Inc. (NYSE:EVTC) released its earnings results on Wednesday, July, 26th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.61. The business services provider earned $167.08 million during the quarter, compared to the consensus estimate of $164.43 million. EVERTEC had a trailing twelve-month return on equity of 28.71% and a net margin of 35.42%.

EVERTEC announced a quarterly dividend on Thursday, July 20th. Investors of record on Monday, July 31st will be paid a dividend of $0.05 per share on Friday, September 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, July 28th.
Read our dividend analysis for EVTC.

ETFs with the largest weight of EVERTEC (NYSE:EVTC) stock in their portfolio include Amplify Emerging Markets FinTech ETF (EMFQ), Invesco S&P SmallCap Quality ETF (XSHQ), ETFMG Prime Mobile Payments ETF (IPAY), Opus Small Cap Value Plus ETF (OSCV), Invesco S&P SmallCap Financials ETF (PSCF) and Timothy Plan US Small Cap Core ETF (TPSC).SPDR S&P 600 Small Cap ETF (SLY).

EVERTEC (NYSE:EVTC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.54%. The dividend payout ratio is 5.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVTC will have a dividend payout ratio of 7.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVTC.

EVERTEC updated its FY23 earnings guidance on Friday, July, 21st. The company provided earnings per share guidance of $2.75-2.83 for the period, compared to the consensus EPS estimate of $2.65. The company issued revenue guidance of $652-658 million, compared to the consensus revenue estimate of $648.81 million.

2 employees have rated EVERTEC Chief Executive Officer Mac Schuessler on Glassdoor.com. Mac Schuessler has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other EVERTEC investors own include Advanced Micro Devices (AMD), AbbVie (ABBV), KeyCorp (KEY), OPKO Health (OPK), Cree (CREE), Cisco Systems (CSCO), Energy Transfer (ET), Etsy (ETSY), International Business Machines (IBM) and Pfizer (PFE).

EVERTEC trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVTC."

Shares of EVTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EVTC stock can currently be purchased for approximately $36.43.

EVERTEC (NYSE:EVTC) has a market capitalization of $2.36 billion and generates $618.41 million in revenue each year. The business services provider earns $239.01 million in net income (profit) each year or $3.39 on an earnings per share basis.

The company employs 2,700 workers across the globe.

EVERTEC's mailing address is Cupey Center Building Road 176 Kilometer 1.3, San Juan PR, 00926. The official website for the company is www.evertecinc.com. The business services provider can be reached via phone at (787) 759-9999, via email at ir@evertecinc.com, or via fax at 787-250-7356.