News coverage about Evertec (NYSE:EVTC) has been trending somewhat positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing 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 nearest to one being the most favorable. Evertec earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 47.2954672539688 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research firms recently commented on EVTC. ValuEngine raised Evertec from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Morgan Stanley boosted their price target on Evertec from $19.00 to $23.00 and gave the stock a “$22.95” rating in a report on Thursday, July 19th. Zacks Investment Research cut Evertec from a “buy” rating to a “hold” rating in a report on Monday, June 25th. Raymond James began coverage on Evertec in a report on Friday, June 15th. They issued a “market perform” rating on the stock. Finally, Deutsche Bank boosted their price target on Evertec from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.33.
Shares of EVTC opened at $23.55 on Friday. The company has a market cap of $1.75 billion, a PE ratio of 16.02 and a beta of 1.23. Evertec has a 1 year low of $12.60 and a 1 year high of $25.55. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.63 and a current ratio of 1.63.
Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, July 31st. The business services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $113.35 million for the quarter, compared to analysts’ expectations of $111.77 million. Evertec had a return on equity of 64.95% and a net margin of 12.91%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. equities analysts forecast that Evertec will post 1.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Monday, August 6th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.85%. Evertec’s dividend payout ratio (DPR) is 13.61%.
In other news, COO Philip E. Steurer sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $24.39, for a total transaction of $243,900.00. Following the sale, the chief operating officer now directly owns 123,930 shares of the company’s stock, valued at approximately $3,022,652.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Guillermo Rospigliosi acquired 2,870 shares of the firm’s stock in a transaction dated Saturday, August 11th. The shares were purchased at an average cost of $17.41 per share, for a total transaction of $49,966.70. Following the completion of the acquisition, the executive vice president now directly owns 51,687 shares in the company, valued at $899,870.67. The disclosure for this purchase can be found here. 0.76% of the stock is owned by corporate insiders.
Evertec Company Profile
EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.
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