EVERTEC (NYSE:EVTC) Releases FY 2025 Earnings Guidance

EVERTEC (NYSE:EVTC) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.340-3.450 for the period, compared to the consensus EPS estimate of 3.250. The company issued revenue guidance of $889.0 million-$899.0 million, compared to the consensus revenue estimate of $896.5 million.

Analyst Upgrades and Downgrades

EVTC has been the topic of several recent research reports. William Blair reissued an “outperform” rating on shares of EVERTEC in a report on Wednesday, December 18th. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $33.00 to $35.00 in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, EVERTEC has a consensus rating of “Hold” and an average price target of $35.00.

EVERTEC Trading Down 1.2 %

Shares of EVTC stock traded down $0.39 during trading hours on Wednesday, hitting $32.27. 396,068 shares of the company’s stock traded hands, compared to its average volume of 291,615. The stock has a market cap of $2.05 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The stock’s 50 day simple moving average is $33.31 and its 200 day simple moving average is $33.71. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. EVERTEC has a 12 month low of $28.76 and a 12 month high of $41.37.

EVERTEC (NYSE:EVTC) last announced its earnings results on Wednesday, February 26th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. EVERTEC had a return on equity of 33.01% and a net margin of 10.20%. On average, sell-side analysts anticipate that EVERTEC will post 2.63 EPS for the current year.

EVERTEC Dividend Announcement

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

Insider Buying and Selling at EVERTEC

In other EVERTEC news, EVP Miguel Vizcarrondo sold 8,123 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $34.09, for a total transaction of $276,913.07. Following the sale, the executive vice president now owns 113,915 shares of the company’s stock, valued at approximately $3,883,362.35. This represents a 6.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel Brignardello sold 3,842 shares of EVERTEC stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $36.00, for a total value of $138,312.00. Following the completion of the transaction, the executive vice president now directly owns 32,481 shares of the company’s stock, valued at approximately $1,169,316. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,308 shares of company stock valued at $2,440,112. 0.83% of the stock is currently owned by company insiders.

About EVERTEC

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.