Equities research analysts forecast that Evertec Inc (NYSE:EVTC) will post sales of $117.22 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Evertec’s earnings, with the lowest sales estimate coming in at $115.84 million and the highest estimate coming in at $119.41 million. Evertec reported sales of $112.02 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.6%. The business is scheduled to issue its next earnings report on Tuesday, October 29th.

On average, analysts expect that Evertec will report full year sales of $480.71 million for the current year, with estimates ranging from $480.00 million to $481.28 million. For the next financial year, analysts anticipate that the firm will post sales of $506.47 million, with estimates ranging from $500.00 million to $510.95 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Evertec.

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

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Monday, August 5th. Susquehanna Bancshares assumed coverage on shares of Evertec in a research note on Friday, June 28th. They set a “positive” rating and a $36.00 target price on the stock.

Shares of NYSE EVTC traded down $0.38 during trading on Thursday, hitting $35.39. The company had a trading volume of 159,612 shares, compared to its average volume of 445,218. The stock has a fifty day simple moving average of $33.67 and a two-hundred day simple moving average of $30.24. Evertec has a fifty-two week low of $22.41 and a fifty-two week high of $37.38. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 20.82 and a beta of 0.80. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 2.38.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, August 2nd. Evertec’s payout ratio is currently 11.76%.

In other Evertec news, General Counsel Luis A. Rodriguez-Gonzalez sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $28.60, for a total transaction of $371,800.00. Following the completion of the transaction, the general counsel now owns 73,526 shares in the company, valued at approximately $2,102,843.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.63% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its stake in Evertec by 2,259.6% during the 2nd quarter. US Bancorp DE now owns 1,345 shares of the business services provider’s stock worth $44,000 after purchasing an additional 1,288 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Evertec during the 1st quarter worth $83,000. Point72 Asset Management L.P. purchased a new position in Evertec during the 2nd quarter worth $92,000. Quantamental Technologies LLC raised its position in Evertec by 250.0% during the 1st quarter. Quantamental Technologies LLC now owns 5,600 shares of the business services provider’s stock worth $156,000 after buying an additional 4,000 shares during the last quarter. Finally, USA Financial Portformulas Corp raised its position in Evertec by 8.1% during the 2nd quarter. USA Financial Portformulas Corp now owns 6,696 shares of the business services provider’s stock worth $186,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 78.42% of the company’s stock.

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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