Analysts expect Evertec Inc (NYSE:EVTC) to report sales of $111.13 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Evertec’s earnings. The highest sales estimate is $113.01 million and the lowest is $108.90 million. Evertec posted sales of $103.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The business is expected to issue its next quarterly earnings report on Tuesday, August 7th.

According to Zacks, analysts expect that Evertec will report full-year sales of $436.99 million for the current fiscal year, with estimates ranging from $434.34 million to $442.32 million. For the next year, analysts anticipate that the firm will post sales of $458.51 million per share, with estimates ranging from $449.29 million to $471.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Evertec.

Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, May 1st. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $110.27 million for the quarter, compared to analyst estimates of $101.96 million. Evertec had a return on equity of 72.62% and a net margin of 13.23%. Evertec’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share.

Several research firms recently weighed in on EVTC. ValuEngine raised Evertec from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Zacks Investment Research lowered Evertec from a “buy” rating to a “hold” rating in a research report on Monday, June 25th. Raymond James began coverage on Evertec in a research report on Friday, June 15th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. raised Evertec from an “underweight” rating to a “neutral” rating in a research report on Wednesday, May 2nd. Finally, Morgan Stanley upped their price target on Evertec from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.00.

Shares of Evertec traded up $0.10, reaching $22.35, on Friday, Marketbeat reports. 495,737 shares of the company were exchanged, compared to its average volume of 883,034. The firm has a market capitalization of $1.62 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 3.08 and a beta of 1.20. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.09. Evertec has a fifty-two week low of $12.60 and a fifty-two week high of $22.95.

A number of hedge funds have recently modified their holdings of EVTC. Profund Advisors LLC bought a new stake in shares of Evertec during the 1st quarter worth about $181,000. Bayesian Capital Management LP bought a new stake in shares of Evertec during the 1st quarter worth about $221,000. OppenheimerFunds Inc. bought a new stake in shares of Evertec during the 1st quarter worth about $240,000. Mason Street Advisors LLC bought a new stake in shares of Evertec during the 1st quarter worth about $272,000. Finally, Balter Liquid Alternatives LLC boosted its stake in shares of Evertec by 427.0% during the 1st quarter. Balter Liquid Alternatives LLC now owns 17,559 shares of the business services provider’s stock worth $287,000 after acquiring an additional 14,227 shares in the last quarter. 83.39% of the stock is currently owned by institutional investors.

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.

Get a free copy of the Zacks research report on Evertec (EVTC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Evertec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evertec and related companies with MarketBeat.com's FREE daily email newsletter.