Evertec (EVTC) Issues FY18 Earnings Guidance

Evertec (NYSE:EVTC) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.25-1.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35. The company issued revenue guidance of $411-425 million, compared to the consensus revenue estimate of $398.72 million.

Shares of Evertec (NYSE:EVTC) traded up $0.85 during trading on Thursday, reaching $16.90. 1,039,936 shares of the company’s stock traded hands, compared to its average volume of 1,311,320. Evertec has a twelve month low of $12.60 and a twelve month high of $19.52. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.08. The firm has a market cap of $1,172.72, a PE ratio of 18.98, a price-to-earnings-growth ratio of 2.41 and a beta of 1.24.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. Evertec had a net margin of 15.92% and a return on equity of 95.54%. The business had revenue of $99.63 million during the quarter, compared to analysts’ expectations of $89.98 million. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s revenue was down 2.2% on a year-over-year basis. equities analysts forecast that Evertec will post 1.35 EPS for the current year.

EVTC has been the subject of several analyst reports. Zacks Investment Research cut shares of Evertec from a hold rating to a strong sell rating in a research note on Monday, January 8th. Deutsche Bank dropped their price objective on shares of Evertec from $18.00 to $16.00 and set a hold rating for the company in a research note on Wednesday, November 8th. Stifel Nicolaus dropped their price objective on shares of Evertec from $18.00 to $17.00 and set a buy rating for the company in a research note on Wednesday, November 8th. BidaskClub lowered shares of Evertec from a sell rating to a strong sell rating in a report on Friday, October 27th. Finally, Goldman Sachs Group lowered shares of Evertec from a neutral rating to a sell rating and decreased their target price for the company from $15.00 to $12.00 in a report on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Evertec presently has a consensus rating of Hold and an average target price of $16.50.

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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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