EVERTEC, Inc. (NYSE:EVTC) Expected to Announce Quarterly Sales of $146.93 Million

Equities analysts forecast that EVERTEC, Inc. (NYSE:EVTC) will announce $146.93 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for EVERTEC’s earnings, with the lowest sales estimate coming in at $146.46 million and the highest estimate coming in at $147.52 million. EVERTEC posted sales of $134.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The company is scheduled to report its next quarterly earnings results on Monday, March 7th.

According to Zacks, analysts expect that EVERTEC will report full-year sales of $580.73 million for the current financial year, with estimates ranging from $578.50 million to $582.08 million. For the next fiscal year, analysts expect that the company will report sales of $616.25 million, with estimates ranging from $613.42 million to $620.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for EVERTEC.

EVERTEC (NYSE:EVTC) last announced its quarterly earnings data on Wednesday, October 27th. The business services provider reported $0.62 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The company had revenue of $145.90 million for the quarter, compared to the consensus estimate of $142.64 million. EVERTEC had a return on equity of 46.79% and a net margin of 26.78%. EVERTEC’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS.

A number of research firms have recently issued reports on EVTC. Zacks Investment Research downgraded EVERTEC from a “buy” rating to a “hold” rating in a research report on Tuesday, November 2nd. Susquehanna Bancshares increased their price target on EVERTEC from $50.00 to $52.00 and gave the stock a “positive” rating in a research report on Thursday, October 28th. Finally, Susquehanna increased their price target on EVERTEC from $50.00 to $52.00 and gave the stock a “positive” rating in a research report on Thursday, October 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $48.40.

Several hedge funds have recently made changes to their positions in the company. Capital International Investors grew its holdings in EVERTEC by 77.8% during the second quarter. Capital International Investors now owns 2,526,723 shares of the business services provider’s stock worth $110,291,000 after acquiring an additional 1,105,651 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in EVERTEC by 16.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,036,318 shares of the business services provider’s stock valued at $176,185,000 after purchasing an additional 575,958 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in EVERTEC by 115.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 935,716 shares of the business services provider’s stock valued at $42,781,000 after purchasing an additional 501,199 shares during the period. Macquarie Group Ltd. grew its holdings in EVERTEC by 16,354.0% in the second quarter. Macquarie Group Ltd. now owns 484,898 shares of the business services provider’s stock valued at $21,165,000 after purchasing an additional 481,951 shares during the period. Finally, Bares Capital Management Inc. acquired a new stake in EVERTEC in the third quarter valued at approximately $13,221,000. 80.33% of the stock is currently owned by institutional investors and hedge funds.

EVERTEC stock traded down $0.91 during mid-day trading on Friday, hitting $48.09. The company’s stock had a trading volume of 237,816 shares, compared to its average volume of 323,575. The company has a 50 day simple moving average of $46.41. The company has a market capitalization of $3.46 billion, a PE ratio of 23.01 and a beta of 0.92. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.05. EVERTEC has a one year low of $33.85 and a one year high of $51.06.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 3rd. Stockholders of record on Monday, November 1st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Friday, October 29th. EVERTEC’s dividend payout ratio is presently 9.57%.

EVERTEC Company Profile

EVERTEC, Inc engages in the provision of transaction services. It operates through the following segments: Payment Services-Puerto Rico and Caribbean, Payment Services-Latin America, Merchant Acquiring, and Business Solutions. The Payment Services segment involves in the authorization, processing, management and recording of automated teller machines (ATM) and point of sales transactions, and ATM management and monitoring.

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