EVERTEC (EVTC) to Release Earnings on Wednesday

EVERTEC (NYSE:EVTC - Get Free Report) is projected to post its quarterly earnings results 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. Individual that are interested in registering for the company's earnings conference call can do so using this link.

EVERTEC Trading Down 0.7 %

EVERTEC stock traded down $0.25 during mid-day trading on Friday, hitting $33.15. The company's stock had a trading volume of 600,203 shares, compared to its average volume of 281,631. The business has a 50 day moving average price of $33.43 and a 200-day moving average price of $33.69. EVERTEC has a 12 month low of $28.76 and a 12 month high of $41.57. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.46 and a beta of 1.15. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 3rd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Monday, March 3rd. EVERTEC's dividend payout ratio (DPR) is presently 15.63%.

Analysts Set New Price Targets

A number of brokerages have commented on EVTC. Morgan Stanley raised EVERTEC from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st. William Blair reaffirmed an "outperform" rating on shares of EVERTEC in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $35.00.

Insider Buying and Selling

In other news, EVP Miguel Vizcarrondo sold 8,123 shares of EVERTEC stock in a transaction that occurred 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 sale, the executive vice president now directly owns 113,915 shares in the company, valued at approximately $3,883,362.35. This trade represents a 6.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel Brignardello sold 3,842 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $36.00, for a total value of $138,312.00. Following the transaction, the executive vice president now directly owns 32,481 shares in the company, valued at $1,169,316. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,308 shares of company stock valued at $2,440,112 over the last ninety days. 0.83% of the stock is owned by insiders.

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.