$0.41 Earnings Per Share Expected for Evertec Inc (EVTC) This Quarter

Brokerages predict that Evertec Inc (NYSE:EVTC) will report earnings per share (EPS) of $0.41 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Evertec’s earnings, with estimates ranging from $0.40 to $0.44. Evertec reported earnings of $0.33 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 24.2%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, October 30th.

On average, analysts expect that Evertec will report full year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.74 to $1.82. For the next year, analysts forecast that the firm will report earnings of $1.91 per share, with EPS estimates ranging from $1.83 to $2.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Evertec.

Evertec (NYSE:EVTC) last released its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Evertec had a net margin of 12.91% and a return on equity of 64.95%. The business had revenue of $113.35 million for the quarter, compared to analyst estimates of $111.77 million. During the same period last year, the firm earned $0.44 earnings per share. Evertec’s revenue for the quarter was up 9.5% compared to the same quarter last year.

A number of brokerages have commented on EVTC. Deutsche Bank boosted their price target on shares of Evertec from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Morgan Stanley boosted their price target on shares of Evertec from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 1st. Zacks Investment Research upgraded shares of Evertec from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research note on Thursday, July 26th. Finally, ValuEngine upgraded shares of Evertec from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.33.

Shares of NYSE EVTC traded down $0.20 during midday trading on Wednesday, reaching $24.67. The stock had a trading volume of 4,590 shares, compared to its average volume of 722,473. The company has a market capitalization of $1.75 billion, a P/E ratio of 16.78 and a beta of 1.27. Evertec has a twelve month low of $12.60 and a twelve month high of $25.55. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.63 and a current ratio of 1.63.

In related news, insider Diana I. Rivera-Ramirez sold 1,500 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $23.55, for a total value of $35,325.00. Following the transaction, the insider now directly owns 24,915 shares of the company’s stock, valued at approximately $586,748.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Miguel Vizcarrondo sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $24.31, for a total transaction of $486,200.00. Following the completion of the transaction, the insider now directly owns 195,887 shares in the company, valued at $4,762,012.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,500 shares of company stock valued at $1,759,985. Company insiders own 0.76% of the company’s stock.

Several large investors have recently modified their holdings of EVTC. Summit Trail Advisors LLC boosted its holdings in shares of Evertec by 11,437.9% in the 1st quarter. Summit Trail Advisors LLC now owns 154,838 shares of the business services provider’s stock worth $155,000 after buying an additional 153,496 shares during the last quarter. Profund Advisors LLC purchased a new position in shares of Evertec in the 1st quarter worth about $181,000. First Hawaiian Bank purchased a new position in shares of Evertec in the 3rd quarter worth about $191,000. United Services Automobile Association purchased a new position in shares of Evertec in the 2nd quarter worth about $207,000. Finally, Amalgamated Bank purchased a new position in shares of Evertec in the 2nd quarter worth about $213,000. 79.11% of the stock is currently owned by institutional investors.

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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