Equities research analysts expect Evertec Inc (NYSE:EVTC) to post $0.47 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Evertec’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.46. Evertec posted earnings per share of $0.45 in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The company is expected to report its next earnings report after the market closes on Wednesday, October 30th.

On average, analysts expect that Evertec will report full year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.96 to $1.98. For the next financial year, analysts forecast that the firm will report earnings of $2.14 per share, with EPS estimates ranging from $2.10 to $2.20. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Evertec.

Evertec (NYSE:EVTC) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.07. The firm had revenue of $122.55 million for the quarter, compared to analyst estimates of $117.13 million. Evertec had a return on equity of 60.49% and a net margin of 20.55%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share.

EVTC has been the topic of a number of recent research reports. Susquehanna Bancshares initiated coverage on Evertec in a research note on Friday, June 28th. They set a “positive” rating and a $36.00 price objective on the stock. ValuEngine lowered Evertec from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research lowered Evertec from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.50.

Large investors have recently bought and sold shares of the business. Coastal Investment Advisors Inc. purchased a new stake in Evertec in the third quarter valued at $36,000. US Bancorp DE raised its position in Evertec by 2,259.6% in the second quarter. US Bancorp DE now owns 1,345 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 1,288 shares during the period. Point72 Asset Management L.P. purchased a new stake in Evertec in the second quarter valued at $92,000. Massey Quick Simon & CO. LLC purchased a new stake in Evertec in the third quarter valued at $101,000. Finally, USA Financial Portformulas Corp raised its position in Evertec by 8.1% in the second quarter. USA Financial Portformulas Corp now owns 6,696 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 501 shares during the period. Institutional investors own 79.55% of the company’s stock.

Shares of NYSE:EVTC traded down $0.60 during trading on Friday, reaching $31.19. The stock had a trading volume of 234,217 shares, compared to its average volume of 340,750. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.80 and a current ratio of 1.80. The business has a fifty day moving average price of $32.59 and a 200-day moving average price of $31.47. The stock has a market cap of $2.29 billion, a PE ratio of 18.35 and a beta of 0.74. Evertec has a 1-year low of $22.41 and a 1-year high of $37.38.

About Evertec

EVERTEC, Inc engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates in four segments: Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; and Business Solutions.

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Earnings History and Estimates for Evertec (NYSE:EVTC)

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