EVERTEC - EVTC Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EVERTEC in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.

4 Wall Street analysts have issued 12 month target prices for EVERTEC's shares. Their EVTC share price forecasts range from $29.00 to $43.00. On average, they anticipate the company's stock price to reach $38.50 in the next twelve months. This suggests a possible upside of 14.0% 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 $49.98 on January 1st, 2022. Since then, EVTC stock has decreased by 32.4% and is now trading at $33.77.
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EVERTEC saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 910,500 shares, a decline of 17.2% from the October 31st total of 1,100,000 shares. Based on an average daily volume of 371,100 shares, the short-interest ratio is presently 2.5 days. Approximately 1.4% of the company's shares are sold short.
View EVERTEC's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our EVTC earnings forecast.

EVERTEC, Inc. (NYSE:EVTC) announced its quarterly earnings results on Wednesday, October, 27th. The business services provider reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. The business services provider had revenue of $145.90 million for the quarter, compared to analysts' expectations of $142.64 million. EVERTEC had a net margin of 41.09% and a trailing twelve-month return on equity of 33.61%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share.

EVERTEC declared a quarterly dividend on Thursday, October 20th. Shareholders of record on Tuesday, November 1st will be given a dividend of $0.05 per share on Friday, December 2nd. This represents a $0.20 annualized dividend and a yield of 0.59%. The ex-dividend date is Monday, October 31st.
Read our dividend analysis for EVTC.

EVERTEC (NYSE:EVTC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.61%. The dividend payout ratio is 5.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVTC will have a dividend payout ratio of 8.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVTC.

EVERTEC issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $2.36-$2.47 for the period, compared to the consensus EPS estimate of $2.57. The company issued revenue guidance of $607.00 million-$615.00 million, compared to the consensus revenue estimate of $609.54 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."

EVERTEC's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.44%), Vanguard Group Inc. (11.55%), Kayne Anderson Rudnick Investment Management LLC (7.34%), State Street Corp (3.34%), Boston Partners (3.30%) and River Road Asset Management LLC (2.68%). Insiders that own company stock include Castillo Rodrigo Del, Diego Viglianco, Frank G D'angelo, Guillermo Rospigliosi, Joaquin A Castrillo-Salgado, Luis A Rodriguez-Gonzalez, Luis A Rodriguez-Gonzalez, Miguel Vizcarrondo, Morgan M Schuessler, Paola Perez-Surillo, Philip E Steurer and Popular, Inc.
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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 $33.77.

EVERTEC (NYSE:EVTC) has a market capitalization of $2.20 billion and generates $589.80 million in revenue each year. The business services provider earns $161.13 million in net income (profit) each year or $3.62 on an earnings per share basis.

The company employs 2,500 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.