EVERTEC (NYSE:EVTC) Releases FY 2025 Earnings Guidance

EVERTEC (NYSE:EVTC) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.340-3.450 for the period, compared to the consensus earnings per share estimate of 3.250. The company issued revenue guidance of $889.0 million-$899.0 million, compared to the consensus revenue estimate of $896.5 million.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EVTC. Morgan Stanley raised shares of EVERTEC from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock 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 report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, EVERTEC currently has an average rating of “Hold” and an average price target of $35.00.

EVERTEC Stock Performance

EVTC traded down $0.39 during trading on Wednesday, hitting $32.27. The stock had a trading volume of 396,068 shares, compared to its average volume of 291,615. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 1.43 and a beta of 1.15. The company has a 50 day moving average price of $33.31 and a 200-day moving average price of $33.71. EVERTEC has a one year low of $28.76 and a one year high of $41.37.

EVERTEC (NYSE:EVTC) last announced its earnings results on Wednesday, February 26th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. As a group, research analysts predict that EVERTEC will post 2.63 EPS for the current year.

EVERTEC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 3rd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, March 3rd. EVERTEC’s dividend payout ratio is currently 15.63%.

Insiders Place Their Bets

In related news, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of EVERTEC stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $36.08, for a total value of $1,748,184.24. Following the transaction, the chief financial officer now directly owns 54,998 shares of the company’s stock, valued at $1,984,327.84. This trade represents a 46.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel Brignardello sold 3,842 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were 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 directly owns 32,481 shares in the company, valued at approximately $1,169,316. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,308 shares of company stock worth $2,440,112 in the last 90 days. Company insiders own 0.83% of the company’s stock.

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.