EVERTEC (NYSE:EVTC) Issues FY 2025 Earnings Guidance

EVERTEC (NYSE:EVTC) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.340-3.450 for the period, compared to the consensus EPS estimate of 3.250. The company issued revenue guidance of $889.0 million-$899.0 million, compared to the consensus revenue estimate of $896.5 million.

EVERTEC Trading Up 11.8 %

Shares of NYSE EVTC traded up $3.83 during trading on Thursday, reaching $36.17. The company had a trading volume of 113,959 shares, compared to its average volume of 284,537. The stock has a market cap of $2.30 billion, a P/E ratio of 28.31, a PEG ratio of 1.43 and a beta of 1.15. The company’s fifty day moving average price is $33.28 and its 200-day moving average price is $33.70. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. EVERTEC has a 12 month low of $28.76 and a 12 month high of $41.32.

EVERTEC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 3rd will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, March 3rd. EVERTEC’s dividend payout ratio is presently 15.63%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and boosted their price target for the company from $28.00 to $30.00 in a research note on Thursday. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a research report on Wednesday, December 18th. Finally, Morgan Stanley raised shares of EVERTEC from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $33.00 to $35.00 in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, EVERTEC has an average rating of “Hold” and an average target price of $35.67.

Insider Activity

In other EVERTEC news, EVP Daniel Brignardello sold 3,842 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $36.00, for a total transaction of $138,312.00. Following the completion of the sale, the executive vice president now directly owns 32,481 shares in the company, valued at $1,169,316. This represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Miguel Vizcarrondo sold 8,123 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.09, for a total value 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. The trade was a 6.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,308 shares of company stock worth $2,440,112 in the last three months. Corporate insiders own 0.83% of the company’s stock.

About EVERTEC

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.