Evertec, Inc. (NYSE:EVTC – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 3rd will be given a dividend of 0.05 per share by the business services provider on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 3rd.
Evertec has a dividend payout ratio of 5.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Evertec to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 5.3%.
Evertec Trading Down 0.6%
NYSE:EVTC opened at $29.10 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 1.97. Evertec has a one year low of $21.81 and a one year high of $37.71. The company has a market cap of $1.79 billion, a PE ratio of 14.06, a PEG ratio of 0.99 and a beta of 0.71. The firm has a 50-day moving average of $26.53 and a 200-day moving average of $27.67.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on EVTC. Raymond James Financial restated an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research note on Thursday, May 7th. Wall Street Zen cut Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley reduced their price target on shares of Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Finally, Weiss Ratings lowered shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.75.
View Our Latest Research Report on EVTC
About Evertec
Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.
Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.
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