Evertec (EVTC) Tops Q4 EPS by 10c; Announces New $150M Buyback

Evertec (NYSE: EVTC) reported Q4 EPS of $0.72, $0.10 better than the analyst estimate of $0.62. Revenue for the quarter came in at $155.2 million versus the consensus estimate of $146.39 million.

For the full year 2021 the company repurchased 614 thousand shares of its common stock at an average price of $39.70 per share for a total of $24.4 million. No shares were repurchased in the fourth quarter of 2021. The Company's Board of Directors approved an increase to the share repurchase authorization to an aggregate $150 million which expires on December 31, 2023. Prior to this amendment, the share repurchase program had approximately $76 million remaining. The Company may repurchase shares in the open market, through accelerated share repurchase programs, 10b5-1 plans, or in privately negotiated transactions, subject to business opportunities and other factors.

GUIDANCE:

Evertec sees FY2022 EPS of $2.47-$2.56, versus the consensus of $2.77. Evertec sees FY2022 revenue of $591-600 million, versus the consensus of $613.23 million.

For earnings history and earnings-related data on Evertec (EVTC) click here.

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