Equities research analysts expect Evertec Inc (NYSE:EVTC) to report sales of $116.41 million for the current quarter, Zacks reports. Four analysts have issued estimates for Evertec’s earnings, with estimates ranging from $115.00 million to $117.69 million. Evertec posted sales of $110.27 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%. The company is scheduled to issue its next earnings report on Tuesday, May 7th.
On average, analysts expect that Evertec will report full year sales of $471.78 million for the current fiscal year, with estimates ranging from $468.82 million to $473.41 million. For the next year, analysts forecast that the company will post sales of $493.87 million, with estimates ranging from $485.28 million to $498.08 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Evertec.
Evertec (NYSE:EVTC) last issued its earnings results on Wednesday, February 20th. The business services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $118.20 million during the quarter, compared to analysts’ expectations of $114.72 million. Evertec had a net margin of 19.01% and a return on equity of 64.03%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS.
Several brokerages have recently commented on EVTC. Zacks Investment Research cut shares of Evertec from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. Keefe, Bruyette & Woods began coverage on shares of Evertec in a research report on Thursday, December 6th. They issued an “outperform” rating and a $32.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Evertec currently has an average rating of “Buy” and a consensus price target of $29.00.
Shares of NYSE:EVTC traded down $0.06 during midday trading on Friday, hitting $28.61. The stock had a trading volume of 738,276 shares, compared to its average volume of 585,856. The stock has a market capitalization of $2.08 billion, a PE ratio of 16.83 and a beta of 0.67. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.43. Evertec has a fifty-two week low of $15.85 and a fifty-two week high of $31.10.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Tuesday, February 26th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, February 25th. Evertec’s payout ratio is presently 11.76%.
In related news, Director Tere Loubriel sold 2,900 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $27.04, for a total transaction of $78,416.00. Following the completion of the transaction, the director now directly owns 18,879 shares in the company, valued at approximately $510,488.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Philip E. Steurer sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $26.27, for a total transaction of $656,750.00. Following the transaction, the chief operating officer now owns 152,202 shares of the company’s stock, valued at $3,998,346.54. The disclosure for this sale can be found here. Insiders sold a total of 194,621 shares of company stock valued at $5,252,105 over the last 90 days. Corporate insiders own 0.76% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in EVTC. Nkcfo LLC acquired a new position in Evertec during the 4th quarter worth approximately $29,000. Quantamental Technologies LLC acquired a new position in Evertec during the 4th quarter worth approximately $46,000. Massey Quick Simon & CO. LLC increased its position in Evertec by 20.0% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 3,226 shares of the business services provider’s stock worth $93,000 after purchasing an additional 537 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Evertec during the 4th quarter worth approximately $95,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Evertec by 19.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,169 shares of the business services provider’s stock worth $120,000 after purchasing an additional 665 shares in the last quarter. Institutional investors and hedge funds own 78.88% of the company’s stock.
Evertec Company Profile
EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.
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