Evertec (NYSE:EVTC) Receiving Somewhat Positive News Coverage, Study Shows

Media headlines about Evertec (NYSE:EVTC) have been trending somewhat positive on Monday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Evertec earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.4624821891805 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of EVTC stock opened at $17.75 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.77. Evertec has a 1 year low of $12.60 and a 1 year high of $19.52. The firm has a market capitalization of $1,285.62, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 2.82 and a beta of 1.10.

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Evertec (NYSE:EVTC) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $99.63 million for the quarter, compared to analyst estimates of $89.98 million. Evertec had a net margin of 13.52% and a return on equity of 78.61%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. research analysts expect that Evertec will post 1.26 EPS for the current year.

EVTC has been the topic of a number of recent analyst reports. ValuEngine raised shares of Evertec from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 13th. William Blair reissued an “outperform” rating on shares of Evertec in a research report on Thursday, April 12th. Zacks Investment Research raised shares of Evertec from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Cowen reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Evertec in a research report on Friday, March 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Evertec in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.00.

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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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