Evertec (EVTC) Receives Daily Coverage Optimism Rating of 0.08
News coverage about Evertec (NYSE:EVTC) has trended somewhat positive recently, according to Alpha One Sentiment. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Evertec earned a daily sentiment score of 0.08 on Alpha One’s scale. Alpha One also assigned news articles about the business services provider an impact score of 66 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the next several days.
Evertec (NYSE:EVTC) traded down 0.94% during trading on Friday, hitting $15.85. 361,256 shares of the stock were exchanged. Evertec has a 1-year low of $13.11 and a 1-year high of $18.60. The firm’s 50 day moving average price is $16.06 and its 200-day moving average price is $16.67. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 15.69 and a beta of 1.27.
Evertec (NYSE:EVTC) last posted its quarterly earnings data on Wednesday, February 22nd. The business services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $101.89 million for the quarter, compared to analysts’ expectations of $97.49 million. Evertec had a return on equity of 120.29% and a net margin of 21.14%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 EPS. On average, analysts anticipate that Evertec will post $1.59 EPS for the current year.
EVTC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Evertec from a “sell” rating to a “hold” rating in a research report on Tuesday, January 17th. Compass Point lowered shares of Evertec from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Thursday, January 12th. Finally, Stifel Nicolaus lifted their price target on shares of Evertec from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Evertec has a consensus rating of “Hold” and an average price target of $18.40.
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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