EVERTEC (EVTC) Set to Release Earnings This Week

EVERTEC (NYSE:EVTC – Get Free Report) is scheduled to announce its quarterly earnings report after the market closes on Wednesday, February 26th. Analysts anticipate that the company will report earnings of $0.74 per share and a total revenue of $215.29 million for this quarter. Interested individuals can listen to the company's conference call using a designated link.

Current Trading Status of EVERTEC

As of Tuesday, shares of EVERTEC opened at a price of $33.02. The stock has experienced a 1-year low of $28.76 and a 1-year high of $41.44. Currently, the fifty-day moving average stands at $33.35, while the 200-day moving average is at $33.71. In terms of financial metrics, the company has a debt-to-equity ratio of 1.84, a current ratio of 1.97, and a quick ratio of 1.97. EVERTEC boasts a market capitalization of $2.10 billion and exhibits a price-to-earnings (P/E) ratio of 25.79 along with a P/E to growth (P/E/G) ratio of 1.43 and a beta value of 1.15.

Dividends Declared by EVERTEC

Recently, EVERTEC also declared a quarterly dividend scheduled to be paid on March 21st. Shareholders who are on record as of March 3rd will receive a dividend of $0.05 per share. The ex-dividend date falls on March 3rd as well. This dividend represents an annual yield of 0.61%, equating to an annualized payment of $0.20. Currently, EVERTEC's payout ratio stands at 15.63%.

Insider Selling Activities

In recent insider trading news, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the company's stock on December 2nd, at an average sale price of $36.08, totaling approximately $1,748,184. Following this transaction, the CFO retains ownership of 54,998 shares valued at roughly $1,984,327.84, marking a 46.84% reduction in his ownership percentage. Additionally, EVP Daniel Brignardello sold 3,842 shares on the same date at an average price of $36.00, resulting in $138,312. After this sale, he continues to own about 32,481 shares worth approximately $1,169,316, reflecting a 10.58% decline in his holdings. In total, insiders sold 68,308 shares valued at $2,440,112 over the last 90 days, with insider ownership comprising 0.83% of the stock.

Analyst Ratings and Insights

Several equity analysts have recently provided insights regarding EVERTEC. William Blair reaffirmed an “outperform” rating for the company's shares on December 18th. Morgan Stanley upgraded EVERTEC's status from “underweight” to “equal weight” on November 21st, and also raised their price target for the stock from $33.00 to $35.00. Currently, one analyst has rated the stock as a sell, while two hold and two buy ratings have been assigned, leading to an average rating of “Hold” with a consensus target price of $35.00 according to MarketBeat.com.

About EVERTEC

(Get Free Report) EVERTEC, Inc is primarily engaged in transaction processing and financial technology solutions in Latin America and the Caribbean. The company operates through four main segments: Payment Services for Puerto Rico & Caribbean, Latin America Payments and Solutions, Merchant Acquiring, and Business Solutions. The company's merchant acquiring services facilitate point-of-sale and e-commerce merchants in accepting various electronic payment methods, including debit, credit, prepaid, and electronic benefit transfer (EBT) cards.

Earnings, Stock, Finance