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 (EPS) guidance of 3.340-3.450 for the period, compared to the consensus 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.

EVERTEC Stock Down 1.2 %

Shares of NYSE:EVTC traded down $0.39 during trading on Wednesday, hitting $32.27. The stock had a trading volume of 394,016 shares, compared to its average volume of 291,606. The firm’s fifty day moving average is $33.31 and its 200 day moving average is $33.71. The company has a market capitalization of $2.05 billion, a PE ratio of 25.21, a PEG ratio of 1.43 and a beta of 1.15. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. EVERTEC has a 12 month low of $28.76 and a 12 month high of $41.37.

EVERTEC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders 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 dividend yield of 0.62%. EVERTEC’s payout ratio is presently 15.63%.

Analyst Upgrades and Downgrades

Several analysts have commented on EVTC shares. William Blair reiterated an “outperform” rating on shares of EVERTEC in a research note on Wednesday, December 18th. 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 report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, EVERTEC currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Insiders Place Their Bets

In related news, EVP Miguel Vizcarrondo sold 8,123 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.09, for a total transaction of $276,913.07. Following the completion of the sale, the executive vice president now owns 113,915 shares in the company, valued at approximately $3,883,362.35. This trade represents a 6.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 sale, the chief financial officer now directly owns 54,998 shares of the company’s stock, valued at approximately $1,984,327.84. This trade represents 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 currently owned by company 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.