Equities research analysts forecast that Evertec Inc (NYSE:EVTC) will announce $0.41 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Evertec’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.40. Evertec posted earnings of $0.33 per share in the same quarter last year, which would indicate a positive year over year growth rate of 24.2%. The firm is scheduled to issue its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Evertec will report full-year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.82. For the next year, analysts anticipate that the company will post earnings of $1.91 per share, with EPS estimates ranging from $1.83 to $2.04. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Evertec.

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

EVTC has been the topic of a number of recent analyst reports. ValuEngine cut Evertec from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Raymond James initiated coverage on Evertec in a research report on Friday, June 15th. They issued a “market perform” rating on the stock. Zacks Investment Research cut Evertec from a “buy” rating to a “hold” rating in a research report on Monday, June 25th. Morgan Stanley raised their price target on Evertec from $19.00 to $23.00 and gave the stock a “$22.95” rating in a research report on Thursday, July 19th. Finally, Deutsche Bank raised their price target on Evertec from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.33.

Shares of NYSE EVTC traded up $0.05 during mid-day trading on Thursday, reaching $23.55. The company had a trading volume of 5,858 shares, compared to its average volume of 292,627. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.63 and a current ratio of 1.63. Evertec has a one year low of $12.60 and a one year high of $25.55. The stock has a market capitalization of $1.79 billion, a P/E ratio of 16.05 and a beta of 1.23.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Monday, August 6th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Friday, August 3rd. Evertec’s dividend payout ratio is presently 13.61%.

In other news, insider Miguel Vizcarrondo sold 20,000 shares of Evertec stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $24.31, for a total transaction of $486,200.00. Following the sale, the insider now directly owns 195,887 shares of the company’s stock, valued at $4,762,012.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Philip E. Steurer sold 10,000 shares of Evertec stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $24.39, for a total value of $243,900.00. Following the sale, the chief operating officer now directly owns 123,930 shares in the company, valued at $3,022,652.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,500 shares of company stock worth $1,759,985. Company insiders own 0.76% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its stake in shares of Evertec by 138.9% in the first quarter. Rhumbline Advisers now owns 138,924 shares of the business services provider’s stock worth $2,271,000 after acquiring an additional 80,771 shares during the period. Comerica Bank acquired a new position in shares of Evertec in the first quarter worth approximately $1,116,000. New York State Teachers Retirement System acquired a new position in shares of Evertec in the first quarter worth approximately $382,000. Mackay Shields LLC acquired a new position in shares of Evertec in the first quarter worth approximately $2,099,000. Finally, Trexquant Investment LP acquired a new position in shares of Evertec in the first quarter worth approximately $313,000. 79.12% of the stock is currently owned by hedge funds and other institutional investors.

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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