EVERTEC (NYSE:EVTC) Releases FY24 Earnings Guidance

EVERTEC (NYSE:EVTC) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $3.08-3.15 for the period, compared to the consensus EPS estimate of $3.03. The company issued revenue guidance of $841-847 million, compared to the consensus revenue estimate of $850.72 million. EVERTEC also updated its FY 2024 guidance to 3.080-3.150 EPS.

EVERTEC Stock Up 0.4 %

Shares of EVTC traded up $0.13 during midday trading on Friday, reaching $35.33. The stock had a trading volume of 375,498 shares, compared to its average volume of 355,679. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.82 and a quick ratio of 1.82. The company’s fifty day simple moving average is $33.28 and its two-hundred day simple moving average is $34.03. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.69 and a beta of 1.15. EVERTEC has a 1-year low of $28.76 and a 1-year high of $42.21.

EVERTEC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, October 28th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Monday, October 28th. EVERTEC’s dividend payout ratio (DPR) is 15.63%.

Wall Street Analysts Forecast Growth

Separately, Susquehanna downgraded shares of EVERTEC from a “neutral” rating to a “negative” rating and lowered their price objective for the stock from $38.00 to $28.00 in a research report on Thursday, September 5th.

Insider Transactions at EVERTEC

In related news, EVP Miguel Vizcarrondo sold 40,000 shares of EVERTEC stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $34.11, for a total transaction of $1,364,400.00. Following the completion of the sale, the executive vice president now owns 129,928 shares in the company, valued at approximately $4,431,844.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

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.