Headlines about Evertec (NYSE:EVTC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Evertec earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.9996510968026 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research analysts have recently commented on EVTC shares. Zacks Investment Research raised Evertec from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, October 3rd. ValuEngine raised Evertec from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus raised Evertec from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, September 28th. BidaskClub raised Evertec from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company reissued a “hold” rating and issued a $20.00 price target on shares of Evertec in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Evertec currently has an average rating of “Hold” and an average target price of $18.40.
Evertec (NYSE EVTC) opened at 14.55 on Monday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.61 and a beta of 1.20. The company’s 50-day moving average price is $16.20 and its 200 day moving average price is $16.91. Evertec has a 12 month low of $14.15 and a 12 month high of $19.52.
Evertec (NYSE:EVTC) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. Evertec had a return on equity of 107.21% and a net margin of 19.64%. The company had revenue of $103.51 million for the quarter, compared to analysts’ expectations of $100.21 million. During the same period last year, the firm earned $0.43 earnings per share. Evertec’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts predict that Evertec will post $1.59 EPS for the current year.
Evertec Company Profile
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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