EVERTEC (NYSE:EVTC) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

EVERTEC (NYSE:EVTC - Get Free Report) posted its earnings results on Wednesday. The business services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02, Zacks reports. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The business had revenue of $216.40 million for the quarter, compared to analyst estimates of $215.29 million. EVERTEC updated its FY 2025 guidance to 3.340-3.450 EPS.

EVERTEC Stock Down 0.5 %

Shares of EVTC stock traded down $0.18 during trading on Friday, reaching $37.37. The company's stock had a trading volume of 492,280 shares, compared to its average volume of 324,848. The business has a fifty day moving average price of $33.43 and a 200-day moving average price of $33.77. 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 company has a market cap of $2.38 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. EVERTEC has a one year low of $28.76 and a one year high of $40.67.

EVERTEC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 3rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Monday, March 3rd. EVERTEC's dividend payout ratio is presently 11.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EVTC shares. Susquehanna raised shares of EVERTEC from a "negative" rating to a "neutral" rating and increased their price objective for the stock from $28.00 to $30.00 in a report on Thursday. William Blair reiterated an "outperform" rating on shares of EVERTEC in a research report on Thursday. Finally, Morgan Stanley upgraded shares of EVERTEC from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $33.00 to $35.00 in a research report on Thursday, November 21st.

Remove Ads

Insider Transactions at EVERTEC

In related news, EVP Daniel Brignardello sold 3,842 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $36.00, for a total transaction of $138,312.00. Following the transaction, the executive vice president now directly owns 32,481 shares in the company, valued at approximately $1,169,316. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Miguel Vizcarrondo sold 8,123 shares of the company's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $34.09, for a total transaction of $276,913.07. Following the completion of the transaction, the executive vice president now owns 113,915 shares in the company, valued at approximately $3,883,362.35. This represents a 6.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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 corporate 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.