EVERTEC (EVTC) to Release Earnings on Wednesday

EVERTEC (NYSE:EVTC - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

EVERTEC (NYSE:EVTC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.19. EVERTEC had a return on equity of 32.08% and a net margin of 8.84%. The firm had revenue of $211.98 million during the quarter, compared to analyst estimates of $209.40 million. On average, analysts expect EVERTEC to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

EVERTEC Stock Up 0.1 %

Shares of NYSE:EVTC traded up $0.02 during midday trading on Wednesday, hitting $32.24. 407,013 shares of the stock were exchanged, compared to its average volume of 395,446. The business's fifty day simple moving average is $33.28 and its two-hundred day simple moving average is $34.21. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.82 and a current ratio of 1.82. EVERTEC has a 52-week low of $28.76 and a 52-week high of $42.21. The company has a market capitalization of $2.08 billion, a PE ratio of 32.55, a P/E/G ratio of 1.62 and a beta of 1.15.

EVERTEC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, October 28th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Monday, October 28th. EVERTEC's dividend payout ratio is presently 20.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Susquehanna downgraded shares of EVERTEC from a "neutral" rating to a "negative" rating and decreased their price objective for the stock from $38.00 to $28.00 in a report on Thursday, September 5th. Keefe, Bruyette & Woods decreased their price target on shares of EVERTEC from $47.00 to $42.00 and set an "outperform" rating for the company in a report on Monday, July 8th.

Insider Buying and Selling

In related news, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $35.10, for a total transaction of $1,263,600.00. Following the completion of the sale, the executive vice president now directly owns 39,370 shares of the company's stock, valued at $1,381,887. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Miguel Vizcarrondo sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $34.11, for a total value of $1,364,400.00. Following the completion of the transaction, the executive vice president now owns 129,928 shares in the company, valued at $4,431,844.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $35.10, for a total value of $1,263,600.00. Following the completion of the sale, the executive vice president now owns 39,370 shares in the company, valued at $1,381,887. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.