EVERTEC (NYSE:EVTC) Issues FY24 Earnings Guidance

EVERTEC (NYSE:EVTC) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.08-3.15 for the period, compared to the consensus earnings per share estimate of $3.03. The company issued revenue guidance of $841-847 million, compared to the consensus revenue estimate of $850.72 million. EVERTEC also updated its FY 2024 guidance to 3.080-3.150 EPS.

EVERTEC Trading Up 0.4 %

NYSE EVTC traded up $0.13 during trading hours on Friday, hitting $35.33. 375,498 shares of the company were exchanged, compared to its average volume of 355,679. EVERTEC has a 52 week low of $28.76 and a 52 week high of $42.21. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.92. The stock has a 50-day moving average price of $33.28 and a 200 day moving average price of $34.03. The stock has a market cap of $2.26 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15.

EVERTEC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, October 28th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.20 annualized dividend and a yield of 0.57%. EVERTEC’s payout ratio is presently 15.63%.

Analysts Set New Price Targets

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

Insider Transactions 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 value of $1,364,400.00. Following the sale, the executive vice president now directly owns 129,928 shares of the company’s stock, valued at approximately $4,431,844.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.83% of the company’s stock.

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.