EVERTEC (EVTC) to Release Quarterly Earnings on Wednesday

EVERTEC (NYSE:EVTC) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect EVERTEC to post earnings of $0.74 per share and revenue of $215.29 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

EVERTEC Trading Up 1.5 %

EVTC opened at $34.43 on Wednesday. The company has a fifty day moving average price of $33.54 and a two-hundred day moving average price of $33.69. EVERTEC has a 1-year low of $28.76 and a 1-year high of $41.72. The company has a market cap of $2.19 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.40 and a beta of 1.15. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EVTC. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $33.00 to $35.00 in a research report on Thursday, November 21st. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

Insider Buying and Selling at EVERTEC

In related news, EVP Daniel Brignardello sold 3,842 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 32,481 shares in the company, valued at $1,169,316. The trade was a 10.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $36.08, for a total transaction of $1,748,184.24. Following the transaction, the chief financial officer now owns 54,998 shares in the company, valued at $1,984,327.84. The trade was a 46.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,308 shares of company stock worth $2,440,112 over the last three months. 0.83% of the stock is owned by 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.