Evertec (NYSE:EVTC) Getting Somewhat Favorable Press Coverage, Report Shows
Press coverage about Evertec (NYSE:EVTC) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Evertec earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.8516582743786 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Evertec, Inc. (EVTC) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Zacks: Brokerages Anticipate Evertec, Inc. (EVTC) Will Announce Quarterly Sales of $99.98 Million (americanbankingnews.com)
- The Markel Corporation (NYSE:MKL) Stake Raised by Legal & General Group Plc (hoyentv.com)
- The Markel Corporation (NYSE:MKL) Upgraded by BidaskClub to “Hold” (ismboard.com)
- Brokerages Expect Evertec, Inc. (NYSE:EVTC) Will Announce Earnings of $0.42 Per Share (americanbankingnews.com)
EVTC has been the topic of several research analyst reports. Zacks Investment Research raised shares of Evertec from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. BidaskClub upgraded shares of Evertec from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 1st. Finally, ValuEngine lowered shares of Evertec from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.40.
Evertec (EVTC) opened at 17.55 on Wednesday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 16.57 and a beta of 1.24. The stock’s 50 day moving average is $16.91 and its 200-day moving average is $16.73. Evertec has a 12 month low of $14.15 and a 12 month high of $18.60.
Evertec (NYSE:EVTC) last released its earnings results on Wednesday, May 3rd. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. Evertec had a net margin of 19.96% and a return on equity of 113.44%. The company had revenue of $101.28 million for the quarter, compared to the consensus estimate of $98.66 million. Equities analysts anticipate that Evertec will post $1.65 earnings per share for the current fiscal year.
Evertec Company Profile
EVERTEC, Inc is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually.
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