Analysts expect Evertec Inc (NYSE:EVTC) to post sales of $108.69 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Evertec’s earnings, with the highest sales estimate coming in at $109.71 million and the lowest estimate coming in at $107.67 million. Evertec posted sales of $102.73 million during the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The company is expected to announce its next earnings results on Tuesday, November 6th.

On average, analysts expect that Evertec will report full-year sales of $443.97 million for the current year, with estimates ranging from $441.58 million to $445.82 million. For the next fiscal year, analysts expect that the firm will post sales of $465.62 million per share, with estimates ranging from $453.34 million to $473.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Evertec.

Evertec (NYSE:EVTC) last announced its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $113.35 million during the quarter, compared to analyst estimates of $111.77 million. Evertec had a return on equity of 64.95% and a net margin of 12.91%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS.

Several equities research analysts have recently issued reports on the company. Raymond James assumed coverage on Evertec in a report on Friday, June 15th. They set a “market perform” rating for the company. Zacks Investment Research upgraded Evertec from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a report on Thursday, July 26th. Deutsche Bank lifted their price target on Evertec from $20.00 to $25.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. Morgan Stanley lifted their price target on Evertec from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, August 1st. Finally, ValuEngine lowered Evertec from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.33.

Shares of Evertec stock opened at $24.60 on Friday. The stock has a market cap of $1.75 billion, a PE ratio of 16.70 and a beta of 1.23. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.63 and a quick ratio of 1.63. Evertec has a 52-week low of $12.60 and a 52-week high of $25.55.

The business also recently announced a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Monday, August 6th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $0.20 annualized dividend and a yield of 0.81%. Evertec’s dividend payout ratio (DPR) is currently 13.61%.

In related news, COO Philip E. Steurer sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $24.39, for a total value of $243,900.00. Following the completion of the sale, the chief operating officer now directly owns 123,930 shares in the company, valued at approximately $3,022,652.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Miguel Vizcarrondo sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $24.31, for a total value of $486,200.00. Following the completion of the sale, the insider now owns 195,887 shares of the company’s stock, valued at $4,762,012.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,500 shares of company stock valued at $1,759,985. Corporate insiders own 0.76% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Trail Advisors LLC lifted its holdings in Evertec by 11,437.9% in the 1st quarter. Summit Trail Advisors LLC now owns 154,838 shares of the business services provider’s stock worth $155,000 after purchasing an additional 153,496 shares during the last quarter. Profund Advisors LLC bought a new position in Evertec in the 1st quarter worth approximately $181,000. Amalgamated Bank bought a new position in Evertec in the 2nd quarter worth approximately $213,000. Bayesian Capital Management LP bought a new position in Evertec in the 1st quarter worth approximately $221,000. Finally, Vident Investment Advisory LLC bought a new position in Evertec in the 2nd quarter worth approximately $230,000. Hedge funds and other institutional investors own 79.12% of the company’s stock.

Evertec Company Profile

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

See Also: Diversification

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