EVERTEC (EVTC) Expected to Announce Quarterly Earnings on Wednesday

EVERTEC (NYSE:EVTC) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $215.29 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

EVERTEC Trading Down 0.7 %

Shares of NYSE:EVTC opened at $33.15 on Monday. EVERTEC has a 12-month low of $28.76 and a 12-month high of $41.57. The business’s fifty day simple moving average is $33.39 and its 200-day simple moving average is $33.71. The company has a market capitalization of $2.11 billion, a PE ratio of 25.89, a P/E/G ratio of 1.43 and a beta of 1.15. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84.

EVERTEC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 3rd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Monday, March 3rd. EVERTEC’s dividend payout ratio (DPR) is presently 15.63%.

Insider Activity at EVERTEC

In related news, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $36.08, for a total transaction of $1,748,184.24. Following the transaction, the chief financial officer now owns 54,998 shares of the company’s stock, valued at $1,984,327.84. This represents a 46.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Miguel Vizcarrondo sold 8,123 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $34.09, for a total transaction of $276,913.07. Following the completion of the sale, the executive vice president now owns 113,915 shares of the company’s stock, valued at $3,883,362.35. This trade represents a 6.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,308 shares of company stock valued at $2,440,112 in the last ninety days. Insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on EVTC. William Blair reiterated an “outperform” rating on shares of EVERTEC in a research note on Wednesday, December 18th. Morgan Stanley upgraded EVERTEC from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $33.00 to $35.00 in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.00.

EVERTEC Company Profile

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.