Evertec, Inc. (NYSE:EVTC) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.63-1.71 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.64. The company issued revenue guidance of $411-417 million, compared to the consensus revenue estimate of $399.74 million.
Shares of Evertec, Inc. (NYSE:EVTC) traded up 1.12% during mid-day trading on Tuesday, reaching $18.05. The company had a trading volume of 514,696 shares. The company has a market capitalization of $1.31 billion, a PE ratio of 17.03 and a beta of 1.24. Evertec, Inc. has a 1-year low of $14.15 and a 1-year high of $18.60. The stock’s 50-day moving average price is $17.18 and its 200 day moving average price is $16.73.
Evertec (NYSE:EVTC) last issued its earnings results on Wednesday, May 3rd. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The company had revenue of $101.28 million during the quarter, compared to analysts’ expectations of $98.66 million. Evertec had a return on equity of 113.44% and a net margin of 19.96%. Equities analysts expect that Evertec, Inc. will post $1.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Monday, August 7th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.22%. The ex-dividend date is Thursday, August 3rd. Evertec’s payout ratio is currently 37.74%.
EVTC has been the subject of several analyst reports. Zacks Investment Research upgraded Evertec from a sell rating to a hold rating in a report on Friday, May 5th. BidaskClub upgraded Evertec from a strong sell rating to a sell rating in a report on Saturday, July 1st. Finally, ValuEngine cut Evertec from a strong-buy rating to a buy rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $18.50.
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About Evertec
EVERTEC, Inc is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually.
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