EVERTEC (NYSE:EVTC – Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect EVERTEC to post earnings of $0.67 per share for the quarter. EVERTEC has set its FY24 guidance at $2.82 to $2.94 EPS and its FY 2024 guidance at 2.820-2.940 EPS.
EVERTEC (NYSE:EVTC – Get Free Report) last posted its earnings results on Wednesday, February 28th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). EVERTEC had a net margin of 11.48% and a return on equity of 29.73%. The business had revenue of $194.62 million for the quarter, compared to analyst estimates of $179.86 million. On average, analysts expect EVERTEC to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
EVERTEC Price Performance
NYSE:EVTC opened at $38.66 on Wednesday. EVERTEC has a 52 week low of $31.55 and a 52 week high of $42.21. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $2.49 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The stock’s 50-day moving average price is $38.70 and its 200-day moving average price is $38.17.
EVERTEC Announces Dividend
Insider Buying and Selling
In related news, CEO Morgan M. Schuessler sold 100,000 shares of EVERTEC stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $37.19, for a total value of $3,719,000.00. Following the sale, the chief executive officer now directly owns 347,941 shares in the company, valued at approximately $12,939,925.79. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other EVERTEC news, CEO Morgan M. Schuessler sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $37.19, for a total value of $3,719,000.00. Following the transaction, the chief executive officer now directly owns 347,941 shares of the company’s stock, valued at approximately $12,939,925.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank G. D’angelo sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $37.43, for a total transaction of $598,880.00. Following the completion of the transaction, the director now directly owns 10,380 shares in the company, valued at $388,523.40. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. StockNews.com cut EVERTEC from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Morgan Stanley lifted their price objective on EVERTEC from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.33.
View Our Latest Stock Report on EVERTEC
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.
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