Evertec Stock (NYSE:EVTC), Trade Ideas

Evertec

Evertec Inc is a transaction processing business in Latin America and the Caribbean. Its business segments are Merchant Acquiring, Payment Services - Puerto Rico & Caribbean, Latin America Payments and Solutions, and Business Solutions which derive maximum revenue. The company serves a diversified customer base of financial institutions, merchants, corporations, and government agencies with mission-critical technology solutions that enable them to issue, process, and accept transactions securely.

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EVTC

Evertec Inc (NYSE: EVTC) shares are trading lower by 7% to $33.65 Wednesday afternoon after the company announced a secondary offering of common stock by Popular, Inc..

What Happened?

Here&#39;s Why Evertec Shares Are Nosediving Wednesday

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FISV

Puerto Rico-based payments processing company Evertec Inc (NYSE: EVTC) is exploring multiple strategic options that include a potential sale, according to a Bloomberg report&lt;

Evertec Shares Shoot Up More Than 10% On Report Of Sale Talk

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Stocks That Hit 52-Week Lows On Monday

Evertec Inc

Buybacks

EVERTEC Enters Into $70M Accelerated Share Repurchase Agreement

Guidance

EVERTEC Expects 2024 Total Consolidated Revenue Of $844M-$854M (Est $770.426M), Adjusted EPS Of $2.82-$2.94 (Est $3.00)

Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) reported its Q4 earnings results on Wednesday, February 28, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Evertec missed estimated earnings by -3.0%, reporting an EPS of $0.62 versus an estimate of $0.64.
Revenue was up $32.83 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.15 which was followed by a 4.0% drop in the share price the next day.
Here's a look at Evertec's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.65</td>
<td>0.66</td>
<td>0.60</td>
<td>0.65</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.80</td>
<td>0.71</td>
<td>0.69</td>
<td>0.65</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>156.98M</td>
<td>163.89M</td>
<td>152.16M</td>
<td>155.05M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>173.20M</td>
<td>167.08M</td>
<td>159.81M</td>
<td>161.79M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Evertec <a href="https://www.benzinga.com/quote/EVTC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: Evertec Q4 Earnings

Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) reported quarterly Adj earnings of $0.62 per share which missed the analyst consensus estimate of $0.64 by 3.13 percent. The company reported quarterly sales of $194.62 million which beat the analyst consensus estimate of $179.61 million by 8.36 percent. This is a 20.29 percent increase over sales of $161.79 million the same period last year.

Evertec Q4 Adj EPS $0.62 Misses $0.64 Estimate, Sales $194.62M Beat $179.61M Estimate

Morgan Stanley analyst James Faucette maintains Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) with a Underweight and raises the price target from $32 to $33.

Price Target

Analyst Ratings

Morgan Stanley Maintains Underweight on Evertec, Raises Price Target to $33

Friday marks the last chance for investors to receive the next dividend payout from Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 5 cents per share. On Monday, Evertec will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own EVTC as of the end of Friday's session are eligible to receive the 5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 15, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Friday Is Your Last Chance To Buy Evertec Before The Dividend Payout

Susquehanna analyst James Friedman maintains Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) with a Neutral and raises the price target from $36 to $41.

Susquehanna Maintains Neutral on Evertec, Raises Price Target to $41

Susquehanna analyst James Friedman maintains Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) with a Neutral and lowers the price target from $41 to $36.

Susquehanna Maintains Neutral on Evertec, Lowers Price Target to $36

Morgan Stanley analyst James Faucette maintains Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) with a Underweight and raises the price target from $31 to $32.

Morgan Stanley Maintains Underweight on Evertec, Raises Price Target to $32

Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) reported quarterly earnings of $0.80 per share which beat the analyst consensus estimate of $0.65 by 23.08 percent. This is a 100 percent increase over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $173.20 million which beat the analyst consensus estimate of $156.98 million by 10.33 percent. This is a 18.79 percent increase over sales of $145.80 million the same period last year.

Evertec Q3 EPS $0.80 Beats $0.65 Estimate, Sales $173.20M Beat $156.98M Estimate

Thursday marks the last chance for investors to receive the next dividend payout from Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 5 cents per share. On Friday, Evertec will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own EVTC as of the end of Thursday's session are eligible to receive the 5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 01, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Evertec: Dividend Insights

Evertec Announces Sinqia Stockholder Approval Of Merger Transaction; Terms Not Disclosed

Keefe, Bruyette &amp; Woods maintains Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) with a Outperform and raises the price target from $42 to $48.

Keefe, Bruyette & Woods Maintains Outperform on Evertec, Raises Price Target to $48

Morgan Stanley has decided to maintain its Underweight rating of Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) and raise its price target from $29.00 to $31.00.
Shares of Evertec are trading down 2.04% over the last 24 hours, at $40.16 per share.
A move to $31.00 would account for a 22.82% decline from the current share price.
<h3>About Evertec</h3>
Evertec Inc is a transaction processing business in Latin America and the Caribbean. Its business segments are Merchant Acquiring, Payment Services - Puerto Rico &amp; Caribbean, Payment Services - Latin America, and Business Solutions. The company serves a diversified customer base of financial institutions, merchants, corporations and government agencies with mission-critical technology solutions that enable them to issue, process and accept transactions securely. The company derives revenue based on transaction or discount fees or fees based on the number of accounts on file.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Morgan Stanley Maintains Underweight Rating for Evertec: Here's What You Need To Know

Morgan Stanley analyst James Faucette maintains Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) with a Underweight and raises the price target from $29 to $31.

Morgan Stanley Maintains Underweight on Evertec, Raises Price Target to $31

Raymond James analyst John Davis maintains Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) with a Outperform and raises the price target from $49 to $50.

Raymond James Maintains Outperform on Evertec, Raises Price Target to $50

EVERTEC Boosts FY23 Adjusted EPS Outlook From $2.59-$2.68 To $2.75-$2.83, Consensus $2.67

EVERTEC Boosts FY23 Total Consolidated Revenue From $644M-$652M To $652M-$658M, Consensus $649.97M

Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.66 by 7.58 percent. This is a 5.97 percent increase over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $167.08 million which beat the analyst consensus estimate of $163.89 million by 1.94 percent. This is a 4.05 percent increase over sales of $160.57 million the same period last year.

Evertec Q2 Adj EPS $0.71 Beats $0.66 Estimate, Sales $167.08M Beat $163.89M Estimate

Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-07-26. Here's what investors need to know before the announcement.
Analysts estimate that Evertec will report an earnings per share (EPS) of $0.66. 
Evertec bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.09, which was followed by a 8.01% increase in the share price the next day.
Here's a look at Evertec's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.60</td>
<td>0.65</td>
<td>0.58</td>
<td>0.65</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.69</td>
<td>0.65</td>
<td>0.40</td>
<td>0.65</td>
</tr>
<tr>
<td>Price Change %</td>
<td>8.01%</td>
<td>5.85%</td>
<td>-3.98%</td>
<td>-6.63%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1690297332_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Evertec were trading at $41.26 as of July 24. Over the last 52-week period, shares are up 6.86%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/EVTC/earnings">To track all earnings releases for Evertec visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Evertec

EVERTEC Non-GAAP EPS of $0.62 misses by $0.01, revenue of $194.62M beats by $4.56M

EVERTEC, Inc. 2023 Q4 - Results - Earnings Call Presentation

EVERTEC, Inc. (EVTC) Q4 2023 Earnings Call Transcript

EVERTEC INC (EVTC) has disclosed a new risk, in the Technology category. Evertec Inc.'s reliance on artificial intelligence (AI) and machine learni...

A New Cause for Concern: EVERTEC INC Adds a New Technology Risk

Warning: EVTC is at high risk of performing badly

EVERTEC enters into accelerated share repurchase agreement for $70M common stock

An update from Evertec (EVTC) is now available. Evertec, Inc. has boosted its share buyback program to $220 million and initiated a $70 million acc...

Evertec Enhances Shareholder Value with Buyback Strategy

The latest update is out from Evertec (EVTC). Evertec, Inc. has promoted Karla M. Cruz-Jusino to Senior Vice President, Chief Accounting Officer, a...

Evertec Elevates Karla Cruz-Jusino to Senior VP and CAO

EVERTEC declares $0.05 dividend

The latest announcement is out from Evertec (EVTC). The Board of Directors of the Company has announced a regular quarterly cash dividend of $0.05 ...

Evertec Announces Regular Quarterly Dividend Payout

Press Releases

EVERTEC Reports Third Quarter 2023 Results

EVERTEC Closes on the Acquisition of Sinqia, a Leading Provider of Software Solutions for Financial Institutions in Brazil

Opinion

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