$96.66 Million in Sales Expected for Evertec, Inc. (EVTC) This Quarter
Equities research analysts expect that Evertec, Inc. (NYSE:EVTC) will post sales of $96.66 million for the current quarter, according to Zacks. Three analysts have issued estimates for Evertec’s earnings, with the highest sales estimate coming in at $100.14 million and the lowest estimate coming in at $93.02 million. Evertec reported sales of $94.47 million during the same quarter last year, which indicates a positive year over year growth rate of 2.3%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that Evertec will report full-year sales of $96.66 million for the current financial year, with estimates ranging from $392.30 million to $417.26 million. For the next fiscal year, analysts expect that the firm will post sales of $430.07 million per share, with estimates ranging from $423.24 million to $436.57 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Evertec.
Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Evertec had a return on equity of 107.21% and a net margin of 19.64%. The business had revenue of $103.51 million during the quarter, compared to analysts’ expectations of $100.21 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis.
A number of research firms have recently weighed in on EVTC. Cowen and Company restated a “hold” rating and set a $20.00 target price on shares of Evertec in a research report on Thursday, October 12th. ValuEngine downgraded Evertec from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded Evertec from a “hold” rating to a “strong sell” rating in a research report on Monday. BidaskClub downgraded Evertec from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, Stifel Nicolaus upgraded Evertec from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.75.
Evertec (NYSE EVTC) opened at 15.10 on Thursday. The company has a market cap of $1.09 billion, a PE ratio of 14.13 and a beta of 1.20. The company’s 50-day moving average price is $16.90 and its 200 day moving average price is $16.98. Evertec has a 52 week low of $14.15 and a 52 week high of $19.52.
A number of large investors have recently bought and sold shares of EVTC. IFP Advisors Inc acquired a new position in Evertec in the second quarter valued at about $108,000. BNP Paribas Arbitrage SA grew its stake in Evertec by 497.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 5,880 shares during the period. Koch Industries Inc. grew its stake in Evertec by 1,753.1% in the second quarter. Koch Industries Inc. now owns 196,889 shares of the business services provider’s stock valued at $186,000 after acquiring an additional 186,264 shares during the period. Invictus RG acquired a new position in Evertec in the first quarter valued at about $210,000. Finally, Campbell & CO Investment Adviser LLC grew its stake in Evertec by 31.0% in the second quarter. Campbell & CO Investment Adviser LLC now owns 14,085 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 3,332 shares during the period. 77.96% of the stock is owned by hedge funds and other institutional investors.
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EVERTEC, Inc is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually.
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