EVERTEC (EVTC) Projected to Post Earnings on Wednesday

EVERTEC (NYSE:EVTC) is anticipated to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect EVERTEC to post earnings of $0.74 per share and revenue of $215.29 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

EVERTEC Trading Down 0.5 %

EVTC opened at $33.02 on Tuesday. The stock’s fifty day moving average is $33.35 and its two-hundred day moving average is $33.71. The company has a market capitalization of $2.10 billion, a P/E ratio of 25.79, a PEG ratio of 1.43 and a beta of 1.15. EVERTEC has a 52 week low of $28.76 and a 52 week high of $41.44. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.20 annualized dividend and a yield of 0.61%. EVERTEC’s payout ratio is currently 15.63%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a research report on Wednesday, December 18th. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $33.00 to $35.00 in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, EVERTEC presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Insider Buying and Selling

In related news, EVP Miguel Vizcarrondo sold 8,123 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.09, for a total value of $276,913.07. Following the completion of the transaction, the executive vice president now owns 113,915 shares in the company, valued at $3,883,362.35. This trade represents a 6.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel Brignardello sold 3,842 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $36.00, for a total value of $138,312.00. Following the completion of the transaction, the executive vice president now owns 32,481 shares of the company’s stock, valued at $1,169,316. This trade represents a 10.58 % 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 90 days. 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.