EVERTEC (NYSE:EVTC) Releases FY 2025 Earnings Guidance

EVERTEC (NYSE:EVTC - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.340-3.450 for the period, compared to the consensus estimate of 3.250. The company issued revenue guidance of $889.0 million-$899.0 million, compared to the consensus revenue estimate of $896.5 million.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EVTC. William Blair reissued an "outperform" rating on shares of EVERTEC in a report on Thursday. Morgan Stanley raised shares of EVERTEC from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $33.00 to $35.00 in a report on Thursday, November 21st. Finally, Susquehanna raised shares of EVERTEC from a "negative" rating to a "neutral" rating and upped their price objective for the company from $28.00 to $30.00 in a report on Thursday.

EVERTEC Trading Down 0.5 %

EVTC stock traded down $0.18 during mid-day trading on Friday, hitting $37.37. 492,280 shares of the company were exchanged, compared to its average volume of 324,848. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $2.38 billion, a P/E ratio of 29.20, a PEG ratio of 1.43 and a beta of 1.15. The business has a fifty day simple moving average of $33.43 and a 200-day simple moving average of $33.77. EVERTEC has a 12-month low of $28.76 and a 12-month high of $40.67.

Remove Ads

EVERTEC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, March 3rd. EVERTEC's dividend payout ratio (DPR) is presently 11.56%.

Insiders Place Their Bets

In other news, EVP Miguel Vizcarrondo sold 8,123 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $34.09, for a total transaction of $276,913.07. Following the sale, the executive vice president now owns 113,915 shares of the company's stock, valued at approximately $3,883,362.35. This represents a 6.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $36.08, for a total transaction of $1,748,184.24. Following the sale, the chief financial officer now directly owns 54,998 shares in the company, valued at $1,984,327.84. This represents a 46.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,308 shares of company stock valued at $2,440,112 over the last 90 days. 0.83% of the stock is owned by company 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.