Evertec (NYSE:EVTC) Releases FY 2025 Earnings Guidance

Evertec (NYSE:EVTC) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.560-3.620 for the period, compared to the consensus estimate of 3.260. The company issued revenue guidance of $921.0 million-$927.0 million, compared to the consensus revenue estimate of $905.2 million.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Evertec in a report on Thursday, July 17th. They set a “hold” rating and a $35.00 price target on the stock. Morgan Stanley lowered their price target on Evertec from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, July 31st. Zacks Research downgraded Evertec from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Evertec in a report on Wednesday, October 8th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $43.00 price target (up previously from $42.00) on shares of Evertec in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.00.

Evertec Stock Performance

Shares of EVTC traded down $0.42 during mid-day trading on Thursday, hitting $28.12. The company’s stock had a trading volume of 678,904 shares, compared to its average volume of 331,702. Evertec has a one year low of $27.80 and a one year high of $38.56. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market capitalization of $1.80 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. The stock’s 50-day moving average is $32.32 and its two-hundred day moving average is $34.46.

Evertec (NYSE:EVTC) last posted its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.07). Evertec had a net margin of 15.56% and a return on equity of 36.67%. Evertec has set its FY 2025 guidance at 3.560-3.620 EPS. As a group, sell-side analysts anticipate that Evertec will post 2.63 EPS for the current year.

Evertec Announces Dividend

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

Institutional Investors Weigh In On Evertec

Several hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Evertec by 2,751.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,996 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 1,926 shares during the period. AQR Capital Management LLC bought a new position in shares of Evertec during the first quarter valued at $248,000. Tower Research Capital LLC TRC lifted its holdings in shares of Evertec by 376.8% during the second quarter. Tower Research Capital LLC TRC now owns 7,415 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 5,860 shares during the period. Engineers Gate Manager LP bought a new position in shares of Evertec during the second quarter valued at $471,000. Finally, Vident Advisory LLC bought a new position in shares of Evertec during the second quarter valued at $533,000. 96.80% of the stock is owned by institutional investors.

About Evertec

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.