Equities analysts predict that Evertec Inc (NYSE:EVTC) will report earnings of $0.44 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Evertec’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.48. Evertec also reported earnings per share of $0.44 during the same quarter last year. The firm is expected to announce its next earnings results on Tuesday, August 7th.

On average, analysts expect that Evertec will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.74. For the next year, analysts anticipate that the firm will report earnings of $1.82 per share, with EPS estimates ranging from $1.72 to $1.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Evertec.

Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, May 1st. The business services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.16. Evertec had a net margin of 13.23% and a return on equity of 72.62%. The business had revenue of $110.27 million for the quarter, compared to the consensus estimate of $101.96 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis.

Several equities research analysts have recently weighed in on EVTC shares. ValuEngine downgraded shares of Evertec from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. William Blair reaffirmed an “outperform” rating on shares of Evertec in a research note on Thursday, April 12th. JPMorgan Chase & Co. raised shares of Evertec from an “underweight” rating to a “neutral” rating in a research note on Wednesday, May 2nd. Morgan Stanley raised their price target on shares of Evertec from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Evertec from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research note on Friday, May 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.00.

Shares of EVTC traded up $0.10 during midday trading on Friday, hitting $22.35. The stock had a trading volume of 495,737 shares, compared to its average volume of 883,034. Evertec has a 1 year low of $12.60 and a 1 year high of $22.95. The company has a market cap of $1.62 billion, a P/E ratio of 15.22, a P/E/G ratio of 3.08 and a beta of 1.20. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.09.

A number of hedge funds have recently bought and sold shares of EVTC. Summit Trail Advisors LLC increased its position in Evertec by 11,437.9% during the 1st quarter. Summit Trail Advisors LLC now owns 154,838 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 153,496 shares during the period. Profund Advisors LLC purchased a new position in Evertec during the 1st quarter valued at about $181,000. Bayesian Capital Management LP purchased a new position in Evertec during the 1st quarter valued at about $221,000. OppenheimerFunds Inc. purchased a new position in Evertec during the 1st quarter valued at about $240,000. Finally, Mason Street Advisors LLC purchased a new position in Evertec during the 1st quarter valued at about $272,000. 83.39% of the stock is currently owned by institutional investors.

About Evertec

EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.

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