EVERTEC (EVTC) Set to Announce Earnings on Wednesday

EVERTEC (NYSE:EVTC) is scheduled to be announcing its earnings results after the market closes on Wednesday, July 31st. Analysts expect EVERTEC to post earnings of $0.69 per share for the quarter. EVERTEC has set its FY24 guidance at $2.85-$2.94 EPS and its FY 2024 guidance at 2.850-2.940 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

EVERTEC (NYSE:EVTC) last released its earnings results on Wednesday, May 1st. The business services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. EVERTEC had a return on equity of 29.86% and a net margin of 8.87%. The firm had revenue of $205.32 million during the quarter, compared to the consensus estimate of $200.75 million. On average, analysts expect EVERTEC to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

EVERTEC Stock Performance

Shares of EVERTEC stock opened at $34.34 on Tuesday. The company has a 50 day moving average of $33.78 and a 200-day moving average of $37.04. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.84. EVERTEC has a 1-year low of $28.76 and a 1-year high of $42.21. The company has a market cap of $2.21 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 2.01 and a beta of 1.13.

EVERTEC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, July 29th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.58%. The ex-dividend date is Monday, July 29th. EVERTEC’s payout ratio is 20.20%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their target price on shares of EVERTEC from $47.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.67.

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.