Evertec (NYSE:EVTC) Announces Earnings Results, Beats Expectations 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 Evertec stock traded down $0.88 during trading hours on Friday, reaching $27.21. The stock had a trading volume of 914,745 shares, compared to its average volume of 334,427. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 1.43 and a beta of 0.91. Evertec has a 1 year low of $26.78 and a 1 year high of $38.56. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.49. The firm has a 50 day simple moving average of $31.99 and a two-hundred day simple moving average of $34.38.

Evertec Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on EVTC. Zacks Research cut Evertec from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Raymond James Financial reissued an “outperform” rating and issued a $43.00 target price (up previously from $42.00) on shares of Evertec in a research note on Thursday, July 31st. Susquehanna reduced their target price on shares of Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Evertec in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Evertec in a research report on Thursday, July 17th. They issued a “hold” rating and a $35.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Evertec has an average rating of “Hold” and a consensus target price of $37.60.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its stake in Evertec by 0.7% in the second quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock valued at $2,133,000 after purchasing an additional 417 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Evertec by 1.7% during the 2nd 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Evertec by 1.0% during the 1st 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 during the last quarter. State of Tennessee Department of Treasury grew its stake in shares of Evertec by 3.6% in the 2nd quarter. State of Tennessee Department of Treasury now owns 34,005 shares of the business services provider’s stock valued at $1,226,000 after buying an additional 1,167 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 buying an additional 1,222 shares during 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.