Evertec (NYSE:EVTC) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Evertec (NYSE:EVTC) posted its earnings results on Thursday. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03, Briefing.com reports. The firm had revenue of $227.93 million for the quarter, compared to analyst estimates of $224.68 million. Evertec had a return on equity of 36.67% and a net margin of 15.56%.Evertec’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Evertec updated its FY 2025 guidance to 3.560-3.620 EPS.

Evertec Trading Down 3.1%

Shares of NYSE EVTC traded down $0.88 during trading on Friday, hitting $27.21. 914,745 shares of the company traded hands, compared to its average volume of 334,427. The firm has a market capitalization of $1.74 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.43 and a beta of 0.91. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.49. The company has a 50-day moving average price of $31.99 and a 200-day moving average price of $34.38. Evertec has a 1 year low of $26.78 and a 1 year high of $38.56.

Evertec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 3rd will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, November 3rd. Evertec’s dividend payout ratio (DPR) is 9.43%.

Analyst Ratings Changes

A number of research firms have recently weighed in on EVTC. Weiss Ratings reissued a “hold (c)” rating on shares of Evertec in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Evertec in a research report on Thursday, July 17th. They set a “hold” rating and a $35.00 price objective for the company. Morgan Stanley reduced their target price on shares of Evertec from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, July 31st. Zacks Research downgraded shares of Evertec from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Susquehanna cut their price objective on shares of Evertec from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $37.60.

Institutional Investors Weigh In On Evertec

A number of institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in shares of Evertec by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock worth $2,133,000 after purchasing an additional 417 shares during the period. Lazard Asset Management LLC raised its holdings in Evertec by 1.7% in the second quarter. Lazard Asset Management LLC now owns 33,598 shares of the business services provider’s stock valued at $1,211,000 after buying an additional 567 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Evertec by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock valued at $3,189,000 after buying an additional 846 shares in the last quarter. State of Tennessee Department of Treasury grew its stake in Evertec by 3.6% during the second quarter. State of Tennessee Department of Treasury now owns 34,005 shares of the business services provider’s stock worth $1,226,000 after buying an additional 1,167 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Evertec by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock worth $1,394,000 after acquiring an additional 1,222 shares in the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

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.