EVERTEC (EVTC) Expected to Announce Earnings on Wednesday

EVERTEC (NYSE:EVTC) is expected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect EVERTEC to post earnings of $0.74 per share and revenue of $215.29 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

EVERTEC Stock Performance

Shares of NYSE EVTC opened at $33.15 on Monday. The company has a market cap of $2.11 billion, a PE ratio of 25.89, a P/E/G ratio of 1.43 and a beta of 1.15. The stock has a 50 day simple moving average of $33.39 and a 200-day simple moving average of $33.71. EVERTEC has a 12-month low of $28.76 and a 12-month high of $41.57. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84.

EVERTEC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 3rd will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. EVERTEC’s dividend payout ratio (DPR) is 15.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. William Blair reiterated an “outperform” rating on shares of EVERTEC in a research report on Wednesday, December 18th. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $33.00 to $35.00 in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Insider Activity at EVERTEC

In related news, EVP Daniel Brignardello sold 3,842 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $36.00, for a total value of $138,312.00. Following the completion of the sale, the executive vice president now directly owns 32,481 shares of the company’s stock, valued at approximately $1,169,316. This represents a 10.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of EVERTEC stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $36.08, for a total value of $1,748,184.24. Following the transaction, the chief financial officer now directly owns 54,998 shares in the company, valued at approximately $1,984,327.84. This trade represents a 46.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,308 shares of company stock worth $2,440,112. 0.83% of the stock is owned by corporate insiders.

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.