Analysts forecast that Evertec Inc (NYSE:EVTC) will announce $117.59 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Evertec’s earnings, with the lowest sales estimate coming in at $116.40 million and the highest estimate coming in at $118.77 million. Evertec posted sales of $113.35 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The firm is expected to issue its next earnings results on Tuesday, July 30th.

On average, analysts expect that Evertec will report full-year sales of $473.80 million for the current financial year, with estimates ranging from $472.80 million to $476.25 million. For the next financial year, analysts anticipate that the business will post sales of $495.49 million, with estimates ranging from $490.18 million to $498.08 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Evertec.

Evertec (NYSE:EVTC) last released its earnings results on Wednesday, May 1st. The business services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. Evertec had a return on equity of 61.11% and a net margin of 19.44%. The business had revenue of $118.84 million during the quarter, compared to analysts’ expectations of $116.82 million. During the same quarter last year, the firm posted $0.47 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis.

Separately, Zacks Investment Research upgraded Evertec from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Evertec presently has an average rating of “Buy” and a consensus target price of $29.60.

In related news, COO Philip E. Steurer sold 27,940 shares of Evertec stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $29.41, for a total transaction of $821,715.40. Following the sale, the chief operating officer now directly owns 89,334 shares in the company, valued at $2,627,312.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Luis A. Rodriguez-Gonzalez sold 13,000 shares of Evertec stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $28.60, for a total value of $371,800.00. Following the sale, the general counsel now owns 73,526 shares in the company, valued at $2,102,843.60. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new stake in Evertec during the fourth quarter worth $46,000. Advisor Group Inc. increased its position in Evertec by 1,316.7% in the first quarter. Advisor Group Inc. now owns 2,465 shares of the business services provider’s stock worth $69,000 after buying an additional 2,291 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Evertec in the first quarter worth $83,000. NumerixS Investment Technologies Inc purchased a new stake in Evertec in the first quarter worth $84,000. Finally, Penserra Capital Management LLC purchased a new stake in Evertec in the fourth quarter worth $95,000. Institutional investors and hedge funds own 77.95% of the company’s stock.

NYSE EVTC traded down $0.05 during trading hours on Friday, hitting $29.76. 235,915 shares of the company’s stock were exchanged, compared to its average volume of 478,252. Evertec has a 1-year low of $21.65 and a 1-year high of $31.63. The stock has a market capitalization of $2.15 billion, a P/E ratio of 17.51 and a beta of 0.75. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.47 and a quick ratio of 1.47.

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 6th were issued a $0.05 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.20 annualized dividend and a yield of 0.67%. Evertec’s payout ratio is currently 11.76%.

Evertec Company Profile

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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