Evertec, Inc. (EVTC) Issues FY17 Earnings Guidance

Evertec, Inc. (NYSE:EVTC) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.63-1.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.64. The company issued revenue guidance of $411-417 million, compared to the consensus revenue estimate of $399.74 million.

Several research firms have recently issued reports on EVTC. BidaskClub upgraded shares of Evertec from a sell rating to a hold rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Evertec from a hold rating to a buy rating and set a $21.00 price objective for the company in a report on Thursday, August 3rd. Finally, ValuEngine lowered shares of Evertec from a strong-buy rating to a buy rating in a report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Evertec has a consensus rating of Hold and an average target price of $19.00.

Evertec, Inc. (NYSE:EVTC) traded up 0.27% during midday trading on Friday, hitting $18.50. 166,829 shares of the stock traded hands. The firm has a market cap of $1.34 billion, a P/E ratio of 17.31 and a beta of 1.25. Evertec, Inc. has a 12-month low of $14.15 and a 12-month high of $19.52. The company’s 50-day moving average is $17.84 and its 200 day moving average is $16.83.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The firm had revenue of $103.51 million during the quarter, compared to the consensus estimate of $100.21 million. Evertec had a return on equity of 107.21% and a net margin of 19.64%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. On average, analysts anticipate that Evertec, Inc. will post $1.70 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.16%. Evertec’s payout ratio is currently 37.74%.

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About Evertec

EVERTEC, Inc is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually.

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