Evertec, Inc. (NYSE:EVTC) Declares $0.05 Quarterly Dividend

Evertec, Inc. (NYSE:EVTC) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, May 11th will be given a dividend of 0.05 per share by the business services provider on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, May 11th.

Evertec has a payout ratio of 5.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Evertec to earn $3.71 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 5.4%.

Evertec Trading Down 0.8%

NYSE EVTC opened at $29.53 on Friday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.13 and a beta of 0.84. Evertec has a 52 week low of $24.95 and a 52 week high of $38.56. The business has a 50 day moving average price of $28.61 and a 200-day moving average price of $28.91. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.69.

Evertec (NYSE:EVTC) last released its quarterly earnings data on Tuesday, March 3rd. The business services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $244.83 million during the quarter, compared to the consensus estimate of $236.83 million. Evertec had a return on equity of 33.27% and a net margin of 15.19%.The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. As a group, equities analysts expect that Evertec will post 3.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EVTC has been the subject of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Evertec in a report on Friday, March 27th. Zacks Research downgraded Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen upgraded Evertec from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.80.

Evertec Company Profile

Evertec, Inc (NYSE: EVTC) is a leading full?service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross?border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point?of?sale network management, and fraud prevention solutions.