EVERTEC (NYSE:EVTC) Issues Quarterly Earnings Results

EVERTEC (NYSE:EVTC) issued its earnings results on Wednesday. The business services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02, Zacks reports. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. EVERTEC updated its FY 2025 guidance to 3.340-3.450 EPS.

EVERTEC Price Performance

EVERTEC stock traded down $0.39 during midday trading on Wednesday, reaching $32.27. 396,068 shares of the stock were exchanged, compared to its average volume of 291,615. EVERTEC has a 52 week low of $28.76 and a 52 week high of $41.37. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $2.05 billion, a PE ratio of 25.21, a PEG ratio of 1.43 and a beta of 1.15. The company’s fifty day moving average is $33.31 and its 200-day moving average is $33.71.

EVERTEC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 3rd will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.20 annualized dividend and a yield of 0.62%. EVERTEC’s dividend payout ratio is currently 15.63%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at EVERTEC

In other news, EVP Miguel Vizcarrondo sold 8,123 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was 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 of the company’s stock, valued at approximately $3,883,362.35. The trade was 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, EVP Daniel Brignardello sold 3,842 shares of the firm’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 transaction of $138,312.00. Following the completion of the sale, the executive vice president now directly owns 32,481 shares in the company, valued at $1,169,316. This represents a 10.58 % decrease in their ownership of the stock. 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 in the last three months. Company insiders own 0.83% of the company’s stock.

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.