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.

A number of research firms have weighed in on EVTC. Zacks Investment Research lowered shares of Evertec from a “hold” rating to a “strong sell” rating in a report on Monday, January 8th. JPMorgan Chase & Co. lowered shares of Evertec from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. ValuEngine raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Deutsche Bank reduced their target price on shares of Evertec from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. Finally, Stifel Nicolaus reduced their target price on shares of Evertec from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Evertec presently has an average rating of “Hold” and an average target price of $17.60.

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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