EVERTEC (EVTC) to Release Earnings on Wednesday

EVERTEC (NYSE:EVTC) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.69 per share for the quarter. EVERTEC has set its FY24 guidance at $2.85-$2.94 EPS and its FY 2024 guidance at 2.850-2.940 EPS.Investors that wish to register for the company’s conference call can do so using this link.

EVERTEC (NYSE:EVTC) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.09. The firm had revenue of $205.32 million for the quarter, compared to analysts’ expectations of $200.75 million. EVERTEC had a return on equity of 29.86% and a net margin of 8.87%. On average, analysts expect EVERTEC to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

EVERTEC Stock Performance

Shares of EVTC opened at $34.34 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.84. The stock has a 50-day moving average price of $33.78 and a 200-day moving average price of $37.04. The company has a market cap of $2.21 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 2.01 and a beta of 1.13. EVERTEC has a 12-month low of $28.76 and a 12-month high of $42.21.

EVERTEC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, July 29th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, July 29th. EVERTEC’s payout ratio is 20.20%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their price target on EVERTEC from $47.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.67.

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.