| Over a week ago | ||||
In a regulatory filing,… In a regulatory filing, Evertec disclosed that its CEO Morgan Schuessler sold 40.2K shares of common stock on March 9th in a total transaction size of $1.43M. | ||||
Raymond James analyst… Raymond James analyst John Davis raised the firm's price target on Evertec to $43 from $41 and keeps an Outperform rating on the shares. The company reported upside to both revenue and adjusted EBITDA while the initial 2023 revenue guide was better than expected, the analyst tells investors in a research note. The firm believes the initial outlook embeds some conservatism and estimates are likely biased higher in the current macro backdrop. | ||||
Sees FY23 revenue… Sees FY23 revenue $638M-$647M, consensus $633.7M | ||||
Reports Q4 revenue… Reports Q4 revenue $161.8M, consensus $155.1M. Mac Schuessler, CEO, stated "This was a successful year for us as we completed several milestones. We extended our main commercial agreements with our largest customer, executed on M&A with two acquisitions, refinanced our debt, aggressively repurchased stock and delivered another year of strong revenue growth. We continue to reap the benefits of the capital investments we have made over the years, both in our products and through acquisitions. Looking towards 2023, we continue to focused on finding the best ways to deploy capital to support our long-term growth strategy." | ||||
| Over a quarter ago | ||||
Deutsche Bank analyst… Deutsche Bank analyst Bryan Keane lowered the firm's price target on Evertec to $33 from $43 and keeps a Hold rating on the shares. The company reported a sales beat in Q3 but margins were negatively impacted by currency, Keane tells investors in a research note. He cites lower peer group valuations for the target drop. | ||||
Consensus $2.57. Sees… Consensus $2.57. Sees FY22 revenue view $607M-$615M, consensus $609.54M. | ||||
Reports Q3 revenue… Reports Q3 revenue $145.803M, consensus $144.44M. Mac Schuessler, President and Chief Executive Officer stated, "Our businesses performed well in the quarter, despite the negative impact from FX and Hurricane Fiona. We are pleased to announce the expansion of our relationship with Mercado Libre into Chile, and that we have signed an agreement for our Placetopay platform with Grupo Aval, one of the largest banking groups in Colombia." | ||||
Keefe Bruyette analyst… Keefe Bruyette analyst Sanjay Sakhrani lowered the firm's price target on Evertec to $42 from $46 and keeps an Outperform rating on the shares. While core fundamentals for the payments sector remain "relatively stable" into the Q3 prints, currency is a headwind and the consensus outlook for the economy "has clearly weakened further due to persisting inflation and the Fed raising interest rates," Sakhrani tells investors in a research note. The analyst has "limited conviction" in both value and growth stocks saying the macro environment is driving sentiment. | ||||
Fintech & Payments… Fintech & Payments Analyst Friedman holds a virtual meeting with management on September 14 hosted by Susquehanna. | ||||
Fintech & Payments… Fintech & Payments Analyst Friedman holds a virtual meeting with management on September 14 hosted by Susquehanna. | ||||
