Evertec (EVTC) Earning Somewhat Favorable Press Coverage, Accern Reports
Media coverage about Evertec (NYSE:EVTC) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Evertec earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 47.7897467421185 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Gujarat Congress MLAs staying at Bengaluru luxury resort to return to Gujarat (ismboard.com)
- Evertec, Inc. (NYSE:EVTC) Expected to Post Quarterly Sales of $102.48 Million (americanbankingnews.com)
- The Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Vanguard Group Inc (vothemes.com)
- Zacks: Analysts Anticipate Evertec, Inc. (EVTC) to Post $0.42 Earnings Per Share (americanbankingnews.com)
- Evertec, Inc. (EVTC) Upgraded at Zacks Investment Research (americanbankingnews.com)
Several equities research analysts recently commented on the company. BidaskClub raised Evertec from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised Evertec from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday. Finally, ValuEngine cut Evertec from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Evertec presently has an average rating of “Hold” and an average target price of $19.00.
Evertec (NYSE EVTC) opened at 18.05 on Monday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 16.88 and a beta of 1.25. The firm has a 50-day moving average of $17.23 and a 200 day moving average of $16.73. Evertec has a 52-week low of $14.15 and a 52-week high of $19.52.
Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. Evertec had a net margin of 19.64% and a return on equity of 107.21%. The company had revenue of $103.51 million for the quarter, compared to analyst estimates of $100.21 million. During the same period in the prior year, the business earned $0.43 earnings per share. Evertec’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that Evertec will post $1.70 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 7th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.40 annualized dividend and a yield of 2.22%. Evertec’s dividend payout ratio is currently 37.74%.
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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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