EVERTEC (NYSE:EVTC) Issues FY 2025 Earnings Guidance

EVERTEC (NYSE:EVTC) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.340-3.450 for the period, compared to the consensus earnings per share estimate of 3.250. The company issued revenue guidance of $889.0 million-$899.0 million, compared to the consensus revenue estimate of $896.5 million.

EVERTEC Stock Performance

Shares of EVTC stock traded down $0.39 during trading on Wednesday, reaching $32.27. 394,016 shares of the company’s stock traded hands, compared to its average volume of 291,606. EVERTEC has a 1 year low of $28.76 and a 1 year high of $41.37. The company has a market capitalization of $2.05 billion, a P/E ratio of 25.21, a PEG ratio of 1.43 and a beta of 1.15. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84. The firm’s 50-day moving average is $33.31 and its 200 day moving average is $33.71.

EVERTEC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 3rd will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, March 3rd. EVERTEC’s payout ratio is currently 15.63%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, EVP Daniel Brignardello sold 3,842 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Miguel Vizcarrondo sold 8,123 shares of EVERTEC stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.09, for a total transaction of $276,913.07. Following the completion of the transaction, the executive vice president now owns 113,915 shares in the company, valued at approximately $3,883,362.35. The trade was a 6.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,308 shares of company stock worth $2,440,112. Corporate insiders own 0.83% of the company’s stock.

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.