Wall Street analysts forecast that Evertec Inc (NYSE:EVTC) will announce earnings per share of $0.23 for the current quarter, Zacks reports. Four analysts have made estimates for Evertec’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.22. Evertec reported earnings of $0.43 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 46.5%. The firm is scheduled to issue its next earnings results on Wednesday, February 28th.
On average, analysts expect that Evertec will report full-year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.46. For the next fiscal year, analysts forecast that the firm will report earnings of $1.37 per share, with EPS estimates ranging from $1.12 to $1.59. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Evertec.
Evertec (NYSE:EVTC) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). Evertec had a return on equity of 95.54% and a net margin of 15.92%. The business had revenue of $102.70 million for the quarter, compared to the consensus estimate of $97.11 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year.
Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Evertec by 497.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 5,880 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Evertec in the 3rd quarter valued at $146,000. Koch Industries Inc. boosted its stake in shares of Evertec by 1,753.1% in the 2nd quarter. Koch Industries Inc. now owns 196,889 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 186,264 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Evertec in the 3rd quarter valued at $187,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Evertec in the 3rd quarter valued at $189,000. 78.29% of the stock is currently owned by institutional investors.
Shares of Evertec (EVTC) opened at $14.10 on Tuesday. Evertec has a 1-year low of $12.60 and a 1-year high of $19.52. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.08. The firm has a market cap of $1,020.70, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 2.09 and a beta of 1.14.
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Evertec Company Profile
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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