EVERTEC (NYSE:EVTC) Releases FY 2024 Earnings Guidance

by · The Cerbat Gem

EVERTEC (NYSE:EVTC – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.080-3.150 for the period, compared to the consensus EPS estimate of 3.030. The company issued revenue guidance of $841.0 million-$847.0 million, compared to the consensus revenue estimate of $850.7 million. EVERTEC also updated its FY24 guidance to $3.08-3.15 EPS.

EVERTEC Stock Performance

Shares of EVERTEC stock traded up $1.73 during trading on Wednesday, reaching $34.16. The company’s stock had a trading volume of 673,328 shares, compared to its average volume of 396,377. The company has a 50-day moving average price of $33.24 and a two-hundred day moving average price of $34.05. EVERTEC has a fifty-two week low of $28.76 and a fifty-two week high of $42.21. The firm has a market cap of $2.19 billion, a PE ratio of 32.53, a P/E/G ratio of 1.62 and a beta of 1.15. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.92.

EVERTEC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, October 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. EVERTEC’s dividend payout ratio is presently 19.05%.

Analyst Ratings Changes

Separately, Susquehanna cut EVERTEC from a “neutral” rating to a “negative” rating and dropped their price target for the company from $38.00 to $28.00 in a research report on Thursday, September 5th.

Check Out Our Latest Research Report on EVERTEC

Insider Activity at EVERTEC

In other EVERTEC news, EVP Miguel Vizcarrondo sold 40,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $34.11, for a total transaction of $1,364,400.00. Following the completion of the transaction, the executive vice president now owns 129,928 shares in the company, valued at approximately $4,431,844.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is currently owned by insiders.

EVERTEC Company Profile

(Get Free Report)

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.

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