Morgan Stanley Maintains Underweight on Evertec, Raises Price Target to $33
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Morgan Stanley analyst James Faucette maintains Evertec (NYSE:EVTC) with a Underweight and raises the price target from $32 to $33.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | $38.00 → $28.00 | Neutral → Negative | Susquehanna |
| 2/25/2022 | $51.00 → $47.00 | Outperform | Raymond James |
| 1/24/2022 | $52.00 → $49.00 | Positive → Neutral | Susquehanna |
| 8/4/2021 | $35.00 → $36.00 | Underweight | Morgan Stanley |
| 8/4/2021 | $50.00 → $51.00 | Outperform | Raymond James |
Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintains Evertec (NYSE:EVTC) with a Outperform and lowers the price target from $47 to $42.
Evertec (NYSE:EVTC) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.68 by 5.88 percent. The company reported quarterly sales of $205.30 million which beat the analyst consensus estimate of $202.24 million by 1.51 percent. This is a 28.46 percent increase over sales of $159.81 million the same period last year.
Susquehanna downgraded EVERTEC from Neutral to Negative and set a new price target of $28.00 from $38.00 previously
Raymond James reiterated coverage of Evertec with a rating of Outperform and set a new price target of $47.00 from $51.00 previously
Susquehanna downgraded EVERTEC from Positive to Neutral and set a new price target of $49.00 from $52.00 previously
SC 13G/A - EVERTEC, Inc. (0001559865) (Subject)
SC 13G - EVERTEC, Inc. (0001559865) (Subject)
SC 13G/A - EVERTEC, Inc. (0001559865) (Subject)
Announces acquisition of Grandata EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue increased 22% to $211.8 million GAAP Net Income attributable to common shareholders increased 146% to $24.7 million and increased 153% to $0.38 per diluted share Adjusted EBITDA increased 11% to $87.4 million and Adjusted earnings per common share increased 8% to $0.86 Share repurchases totaled $12.3 million. Closed on acquisition of 100% of Grandata Inc. ("Grandata") on October 30th Mac Schuessler, President and Chief Executive Officer stated, "We are pleased with our
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, November 6, 2024 at 4:30 p.m. ET to review third quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with third quarter 2024 financial results will be issued shortly after the market closes on Wednesday, November 6, 2024. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on October 17, 2024 to be paid on December 6, 2024 to stockholders of record as of October 28, 2024. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merc
Announces acquisition of Grandata EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue increased 22% to $211.8 million GAAP Net Income attributable to common shareholders increased 146% to $24.7 million and increased 153% to $0.38 per diluted share Adjusted EBITDA increased 11% to $87.4 million and Adjusted earnings per common share increased 8% to $0.86 Share repurchases totaled $12.3 million. Closed on acquisition of 100% of Grandata Inc. ("Grandata") on October 30th Mac Schuessler, President and Chief Executive Officer stated, "We are pleased with our
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, November 6, 2024 at 4:30 p.m. ET to review third quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with third quarter 2024 financial results will be issued shortly after the market closes on Wednesday, November 6, 2024. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on October 17, 2024 to be paid on December 6, 2024 to stockholders of record as of October 28, 2024. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merc
8-K - EVERTEC, Inc. (0001559865) (Filer)
8-K - EVERTEC, Inc. (0001559865) (Filer)
10-Q - EVERTEC, Inc. (0001559865) (Filer)
4 - EVERTEC, Inc. (0001559865) (Issuer)
4 - EVERTEC, Inc. (0001559865) (Issuer)
4 - EVERTEC, Inc. (0001559865) (Issuer)
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") announced today that the Company's Board of Directors (the "Board") appointed Ms. Virginia Gambale as an independent director of the Board, effective May 25, 2023. Ms. Gambale is the founder and Managing Partner of Azimuth Partners, a strategic advisory firm that develops growth, innovation and transformation strategies and planning for technology companies. Prior to founding Azimuth in 2003, she worked at Deutsche Bank, where she was a General Partner & Managing Director of ABS Ventures, responsible for the management of the Tech Venture group and head of Deutsche Bank Strategic Ventures. Before Deutsche Bank, Ms. Gambale was the Chi
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced the appointment of Alberto López Gaffney as Executive Vice President of Corporate Development, effective on March 20th. Mr. Lopez Gaffney will lead the Company's global corporate development efforts. Mac Schuessler, President, and Chief Executive Officer stated, "I am excited to welcome Alberto to Evertec. He brings over 25 years of financial and deal experience and is very knowledgeable in Latin America, having led multiple M&A transactions, and has been an integral part in managing numerous successful integrations. Alberto's skills, expertise and experience will complement our executive team and advance our growth str