EVERTEC (NYSE:EVTC) Updates 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EVTC. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a report on Thursday. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $28.00 to $30.00 in a report on Thursday. Finally, Morgan Stanley raised 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 note on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.67.

EVERTEC Trading Down 0.9 %

Shares of NYSE EVTC traded down $0.35 during trading hours on Friday, hitting $37.20. 100,391 shares of the company traded hands, compared to its average volume of 314,465. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 1.43 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. The company’s 50 day moving average price is $33.36 and its 200 day moving average price is $33.73. EVERTEC has a 12 month low of $28.76 and a 12 month high of $40.67.

EVERTEC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 3rd will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.20 annualized dividend and a yield of 0.54%. EVERTEC’s payout ratio is 11.56%.

Insider Activity

In other news, EVP Miguel Vizcarrondo sold 8,123 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.09, for a total transaction of $276,913.07. Following the transaction, the executive vice president now owns 113,915 shares of the company’s stock, valued at approximately $3,883,362.35. This represents a 6.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the stock in a transaction dated Monday, December 2nd. The stock was 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 approximately $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. Over the last 90 days, insiders have sold 68,308 shares of company stock valued at $2,440,112. 0.83% of the stock is currently owned by insiders.

EVERTEC Company Profile

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.