Hot Stock in Focus: EVERTEC Inc. (NYSE: EVTC)

Technology
Hazel Bowser
Latest posts by Hazel Bowser (see all)

San Juan, Puerto Rico., April 10, 2020 – Shares of EVERTEC Inc. (NYSE: EVTC) inclined 5.92% to $25.22. The stock grabbed the investor’s attention and traded 300.998K shares as compared to its average daily volume of 457.95K shares. The stock’s institutional ownership stands at 84.80%.

EVERTEC Inc. (NYSE: EVTC) posted revenues of $118.80M for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 1.98%. This compares to year-ago revenues of $112.02M. The company has topped consensus revenue estimates four times over the last four quarters. Evertec came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this payment processing company would post earnings of $0.48 per share when it actually produced earnings of $0.51, delivering a surprise of 6.25%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.

EVTC has a market value of $1.93B while its EPS was booked as $1.34 in the last 12 months. The stock has 74.49M shares outstanding. In the profitability analysis, the company has gross profit margin of 57.10% while net profit margin was 20.60%. Beta value of the company was 1.02; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.30.

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