Media headlines about Evertec (NYSE:EVTC) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Evertec earned a news impact score of 0.23 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.1046304947369 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Evertec (EVTC) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- $101.56 Million in Sales Expected for Evertec Inc (EVTC) This Quarter (americanbankingnews.com)
- Evertec Inc (EVTC) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Evertec Inc (EVTC) Short Interest Update (americanbankingnews.com)
- Schroder Investment Management Group Invests $1.45 Million in Evertec Inc (EVTC) Stock (americanbankingnews.com)
EVTC has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price objective on shares of Evertec in a research note on Friday, February 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective (up previously from $17.00) on shares of Evertec in a research note on Thursday, February 22nd. Zacks Investment Research raised shares of Evertec from a “sell” rating to a “hold” rating in a research note on Friday. Cowen reaffirmed a “hold” rating and set a $18.00 price objective on shares of Evertec in a research note on Friday, March 2nd. Finally, Goldman Sachs Group raised shares of Evertec from a “sell” rating to a “neutral” rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.00.
Evertec (NYSE:EVTC) last announced its earnings results on Wednesday, February 21st. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Evertec had a net margin of 13.52% and a return on equity of 78.61%. The business had revenue of $99.63 million during the quarter, compared to analyst estimates of $89.98 million. During the same period in the previous year, the business posted $0.43 earnings per share. Evertec’s revenue for the quarter was down 2.2% on a year-over-year basis. equities analysts forecast that Evertec will post 1.26 EPS for the current year.
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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