Analysts expect Evertec Inc (NYSE:EVTC) to report sales of $102.30 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Evertec’s earnings. The lowest sales estimate is $101.97 million and the highest is $102.64 million. Evertec reported sales of $101.28 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1%. The company is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, May 1st.
On average, analysts expect that Evertec will report full-year sales of $419.76 million for the current year, with estimates ranging from $416.52 million to $423.70 million. For the next year, analysts forecast that the business will post sales of $443.65 million per share, with estimates ranging from $434.03 million to $457.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Evertec.
Evertec (NYSE:EVTC) last issued its earnings results on Wednesday, February 21st. The business services provider reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. The business had revenue of $99.63 million during the quarter, compared to analysts’ expectations of $89.98 million. Evertec had a net margin of 13.52% and a return on equity of 78.61%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share.
A number of equities research analysts recently issued reports on EVTC shares. ValuEngine lowered shares of Evertec from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research raised shares of Evertec from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 19th. Morgan Stanley reissued an “equal weight” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Evertec in a report on Thursday, February 22nd. Cowen reissued a “hold” rating and issued a $18.00 price objective on shares of Evertec in a report on Friday, March 2nd. Finally, Goldman Sachs lowered shares of Evertec from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $15.00 to $12.00 in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.00.
Shares of NYSE EVTC traded up $0.20 during mid-day trading on Friday, reaching $17.70. The company’s stock had a trading volume of 837,279 shares, compared to its average volume of 1,050,816. The stock has a market capitalization of $1,267.51, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 2.78 and a beta of 1.10. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.77. Evertec has a 1-year low of $12.60 and a 1-year high of $19.52.
Hedge funds have recently made changes to their positions in the business. Quantitative Systematic Strategies LLC purchased a new position in Evertec during the fourth quarter worth about $141,000. SG Americas Securities LLC purchased a new position in Evertec during the third quarter worth about $146,000. Boothbay Fund Management LLC purchased a new position in Evertec during the third quarter worth about $187,000. Cigna Investments Inc. New purchased a new position in Evertec during the fourth quarter worth about $203,000. Finally, Ramsey Quantitative Systems purchased a new position in Evertec during the fourth quarter worth about $221,000. 82.84% of the stock is owned by institutional investors.
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Evertec Company Profile
EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.
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