EVERTEC (EVTC) Scheduled to Post Quarterly Earnings on Wednesday

EVERTEC (NYSE:EVTC) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

EVERTEC (NYSE:EVTC) last posted its earnings results on Wednesday, July 31st. The business services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19. EVERTEC had a net margin of 8.84% and a return on equity of 32.08%. The company had revenue of $211.98 million during the quarter, compared to analysts’ expectations of $209.40 million. On average, analysts expect EVERTEC to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

EVERTEC Trading Down 1.8 %

Shares of EVERTEC stock opened at $32.23 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.92. EVERTEC has a 12-month low of $28.76 and a 12-month high of $42.21. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.62 and a beta of 1.15. The firm’s 50 day simple moving average is $33.29 and its two-hundred day simple moving average is $34.25.

EVERTEC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, October 28th will be paid a $0.05 dividend. The ex-dividend date is Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.62%. EVERTEC’s payout ratio is currently 20.20%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of EVERTEC from $47.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. Susquehanna cut shares of EVERTEC from a “neutral” rating to a “negative” rating and cut their price objective for the stock from $38.00 to $28.00 in a research report on Thursday, September 5th.

Insider Buying and Selling

In other EVERTEC news, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $35.10, for a total transaction of $1,263,600.00. Following the completion of the transaction, the executive vice president now owns 39,370 shares in the company, valued at approximately $1,381,887. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EVERTEC news, EVP Miguel Vizcarrondo sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $34.11, for a total transaction of $1,364,400.00. Following the sale, the executive vice president now directly owns 129,928 shares of the company’s stock, valued at $4,431,844.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $35.10, for a total transaction of $1,263,600.00. Following the completion of the sale, the executive vice president now directly owns 39,370 shares in the company, valued at $1,381,887. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is owned by company insiders.

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.