Evertec (EVTC) Scheduled to Post Quarterly Earnings on Tuesday

Evertec (NYSE:EVTC) will issue its quarterly earnings data after the market closes on Tuesday, October 30th. Analysts expect the company to announce earnings of $0.37 per share for the quarter.

Shares of EVTC stock opened at $23.95 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market cap of $1.78 billion, a PE ratio of 16.29 and a beta of 1.27. Evertec has a 1-year low of $12.60 and a 1-year high of $26.43.

The firm also recently announced a dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, November 2nd. Evertec’s payout ratio is 13.61%.



Several analysts recently commented on the company. Deutsche Bank boosted their price target on Evertec from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded Evertec from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research report on Thursday, July 26th. Morgan Stanley boosted their price target on Evertec from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 1st. Finally, ValuEngine upgraded Evertec from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Evertec currently has an average rating of “Buy” and a consensus price target of $21.33.

In related news, EVP Guillermo Rospigliosi bought 2,870 shares of the company’s stock in a transaction on Saturday, August 11th. The stock was bought at an average cost of $17.41 per share, for a total transaction of $49,966.70. Following the acquisition, the executive vice president now directly owns 51,687 shares in the company, valued at $899,870.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Diana I. Rivera-Ramirez sold 1,500 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $23.55, for a total value of $35,325.00. Following the completion of the sale, the insider now owns 24,915 shares of the company’s stock, valued at $586,748.25. The disclosure for this sale can be found here. Insiders have sold 73,500 shares of company stock valued at $1,759,985 over the last quarter. 0.76% of the stock is owned by company insiders.

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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Earnings History for Evertec (NYSE:EVTC)

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