Equities analysts expect Evertec Inc (NYSE:EVTC) to report $108.69 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Evertec’s earnings. The highest sales estimate is $109.71 million and the lowest is $107.67 million. Evertec posted sales of $102.73 million in the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Evertec will report full year sales of $443.97 million for the current fiscal year, with estimates ranging from $441.58 million to $445.82 million. For the next fiscal year, analysts expect that the business will report sales of $465.62 million per share, with estimates ranging from $453.34 million to $473.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Evertec.

Evertec (NYSE:EVTC) last released its quarterly earnings data on Tuesday, July 31st. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $113.35 million for the quarter, compared to analyst estimates of $111.77 million. Evertec had a return on equity of 64.95% and a net margin of 12.91%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS.

EVTC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded Evertec from an “underweight” rating to a “neutral” rating in a research note on Wednesday, May 2nd. Morgan Stanley upped their target price on Evertec from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Evertec from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Friday, May 4th. TheStreet upgraded Evertec from a “c+” rating to a “b” rating in a research note on Thursday, May 10th. Finally, ValuEngine lowered Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Evertec currently has an average rating of “Hold” and a consensus price target of $21.33.

NYSE EVTC traded up $0.50 during trading on Friday, reaching $24.50. The company’s stock had a trading volume of 373,500 shares, compared to its average volume of 819,316. The firm has a market capitalization of $1.77 billion, a P/E ratio of 16.33 and a beta of 1.19. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 2.77. Evertec has a one year low of $12.60 and a one year high of $25.10.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Monday, August 6th will be paid a $0.05 dividend. The ex-dividend date is Friday, August 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.82%. Evertec’s dividend payout ratio is currently 13.61%.

In other news, COO Philip E. Steurer sold 10,000 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $24.39, for a total transaction of $243,900.00. Following the transaction, the chief operating officer now directly owns 123,930 shares in the company, valued at approximately $3,022,652.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Guillermo Rospigliosi acquired 2,870 shares of Evertec stock in a transaction dated Saturday, August 11th. The shares were purchased at an average price of $17.41 per share, for a total transaction of $49,966.70. Following the completion of the transaction, the executive vice president now directly owns 51,687 shares in the company, valued at approximately $899,870.67. The disclosure for this purchase can be found here. 0.76% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group increased its position in shares of Evertec by 20.1% during the 1st quarter. Schroder Investment Management Group now owns 127,889 shares of the business services provider’s stock valued at $2,091,000 after purchasing an additional 21,419 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Evertec by 1,053.2% during the 1st quarter. Principal Financial Group Inc. now owns 497,065 shares of the business services provider’s stock valued at $8,127,000 after acquiring an additional 453,963 shares during the period. Bayesian Capital Management LP purchased a new stake in Evertec during the 1st quarter valued at about $221,000. Pzena Investment Management LLC purchased a new stake in Evertec during the 1st quarter valued at about $25,681,000. Finally, Northern Trust Corp boosted its holdings in Evertec by 2.3% during the 1st quarter. Northern Trust Corp now owns 780,951 shares of the business services provider’s stock valued at $12,769,000 after acquiring an additional 17,555 shares during the period. Hedge funds and other institutional investors own 83.76% of the company’s stock.

About Evertec

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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