$146.08 million in sales expected for EVERTEC, Inc. (NYSE: EVTC) this quarter
Wall Street brokers expect EVERTEC, Inc. (NYSE:EVTC – Get Rating) to report sales of $146.08 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have released earnings estimates for EVERTEC. The lowest sales estimate is $144.20 million and the highest is $147.60 million. EVERTEC recorded sales of $139.53 million in the same quarter last year, indicating a positive growth rate of 4.7% year-on-year. The company is expected to announce its next earnings report on Thursday, May 5.
According to Zacks, analysts expect EVERTEC to report annual revenue of $599.38 million for the current fiscal year, with estimates ranging from $597.40 to $602.80 million. For the next fiscal year, analysts expect the company to record sales of $636.33 million, with estimates ranging from $624.84 million to $654.24 million. Zacks Investment Research sales averages are an average based on a survey of research analysts who cover EVERTEC.
EVERTEC (NYSE:EVTC – Get Rating) last released its quarterly earnings data on Thursday, February 24. The business services provider reported EPS of $0.72 for the quarter, beating the Zacks consensus estimate of $0.62 by $0.10. The company posted revenue of $155.24 million in the quarter, versus a consensus estimate of $146.58 million. EVERTEC posted a return on equity of 45.46% and a net margin of 27.32%. The company’s revenue increased 15.7% year over year. During the same period of the previous year, the company achieved EPS of $0.55.
A number of research analysts have published reports on the company. Raymond James cut his price target on EVERTEC from $51.00 to $47.00 and set an “outperform” rating for the company in a Friday, February 25 research report. Susquehanna reduced its price target on EVERTEC from $49.00 to $43.00 in a Friday, February 25 report. Susquehanna Bancshares cut its price target on EVERTEC from $49.00 to $43.00 in a Friday, February 25 report. Finally, Zacks Investment Research downgraded EVERTEC from a “hold” rating to a “sell” rating in a Tuesday, January 25 report. Two equity research analysts have assigned the stock a sell rating, two have issued a hold rating and one has assigned the company’s stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.00.
A number of large investors have recently bought and sold shares of EVTC. Point72 Hong Kong Ltd acquired a new stake in EVERTEC in the third quarter worth approximately $26,000. Dark Forest Capital Management LP increased its stake in EVERTEC by 589.7% in the third quarter. Dark Forest Capital Management LP now owns 800 shares of the business services provider valued at $37,000 after acquiring an additional 684 shares in the last quarter. Bellevue Group AG acquired a new equity stake in EVERTEC in the fourth quarter worth $37,000. Koshinski Asset Management Inc. acquired a new equity stake in EVERTEC in the fourth quarter valued at $63,000. Finally, FORA Capital LLC acquired a new equity stake in EVERTEC in the second quarter at a value of $79,000. 81.56% of the shares are currently held by hedge funds and other institutional investors.
Shares of EVTC opened at $39.72 on Thursday. The company has a debt ratio of 0.95, a quick ratio of 2.64 and a current ratio of 2.85. EVERTEC has a 12-month low of $35.82 and a 12-month high of $51.06. The stock’s fifty-day moving average is $45.05. The company has a market capitalization of $2.86 billion, a P/E ratio of 17.97 and a beta of 1.00.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 25. Investors of record on Friday, February 25 will receive a dividend of $0.05 per share. This represents an annualized dividend of $0.20 and a yield of 0.50%. The ex-dividend date is Thursday, February 24. EVERTEC’s payout ratio is 9.05%.
EVERTEC Company Profile (Get a rating)
EVERTEC, Inc. engages in the provision of transaction services. It operates through the following segments: Payment Services – Puerto Rico and Caribbean, Payment Services – Latin America, Merchant Acquiring and Commerce Solutions. The Payment Services segment includes the authorization, processing, management and recording of automated teller machines (ATMs) and point-of-sale transactions, as well as the management and monitoring of ATMs.
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