EVERTEC - EVTC Stock Forecast, Price & News

2 Wall Street equities research 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 equities 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.
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2 brokers have issued twelve-month target prices for EVERTEC's shares. Their EVTC share price forecasts range from $29.00 to $43.00. On average, they predict the company's stock price to reach $38.50 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price.
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EVERTEC's stock was trading at $32.38 at the beginning of the year. Since then, EVTC stock has increased by 15.3% and is now trading at $37.35.
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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) posted its earnings results on Wednesday, October, 27th. The business services provider reported $0.62 EPS for the quarter, meeting analysts' consensus estimates of $0.62. The business services provider had revenue of $145.90 million for the quarter, compared to the consensus estimate of $142.64 million. EVERTEC had a trailing twelve-month return on equity of 33.61% and a net margin of 41.09%. The firm's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS.

EVERTEC declared a quarterly dividend on Thursday, October 20th. Investors 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend 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 0.54%. 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 8.58% 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 earnings per share (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 shareholders include River Road Asset Management LLC (3.12%), Natixis Advisors L.P. (0.60%), Seizert Capital Partners LLC (0.17%), Comerica Bank (0.11%), New York State Teachers Retirement System (0.09%) and Bridge City Capital LLC (0.08%). 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 $37.35.

EVERTEC (NYSE:EVTC) has a market capitalization of $2.44 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.