Evertec (NYSE:EVTC) Announces Earnings Results, Beats Expectations By $0.03 EPS

Evertec (NYSE:EVTC) issued its quarterly earnings results on Thursday. The business services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03, Briefing.com reports. Evertec had a return on equity of 36.67% and a net margin of 15.56%.The company had revenue of $227.93 million during the quarter, compared to the consensus estimate of $224.68 million. During the same period in the previous year, the firm posted $0.86 EPS. Evertec’s revenue was up 7.9% on a year-over-year basis. Evertec updated its FY 2025 guidance to 3.560-3.620 EPS.

Evertec Stock Down 3.1%

Evertec stock traded down $0.88 during midday trading on Friday, hitting $27.21. 914,745 shares of the company were exchanged, compared to its average volume of 334,427. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.20 and a quick ratio of 2.20. Evertec has a fifty-two week low of $26.78 and a fifty-two week high of $38.56. The company’s fifty day moving average price is $31.99 and its 200-day moving average price is $34.38. The company has a market cap of $1.74 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91.

Evertec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 3rd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $0.20 annualized dividend and a yield of 0.7%. Evertec’s payout ratio is 9.43%.

Wall Street Analyst Weigh In

EVTC has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Evertec in a research report on Thursday, July 17th. They issued a “hold” rating and a $35.00 price objective for the company. Susquehanna lowered their price target on Evertec from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday. Zacks Research lowered shares of Evertec from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Raymond James Financial reissued an “outperform” rating and issued a $43.00 target price (up from $42.00) on shares of Evertec in a research report on Thursday, July 31st. Finally, Morgan Stanley dropped their price target on shares of Evertec from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.60.

Institutional Investors Weigh In On Evertec

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in Evertec by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock worth $2,133,000 after buying an additional 417 shares during the period. Lazard Asset Management LLC grew its stake in shares of Evertec by 1.7% during the second quarter. Lazard Asset Management LLC now owns 33,598 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 567 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Evertec by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock worth $3,189,000 after acquiring an additional 846 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in shares of Evertec by 3.6% in the second quarter. State of Tennessee Department of Treasury now owns 34,005 shares of the business services provider’s stock worth $1,226,000 after acquiring an additional 1,167 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Evertec by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock valued at $1,394,000 after purchasing an additional 1,222 shares during the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

About Evertec

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.