Stock Track | Evertec Soars 5.13% in Pre-Market on Analyst Upgrade and Strong Earnings

Stock Track

27 Feb

Shares of Evertec (NYSE: EVTC), a leading payment processing company, surged 5.13% in pre-market trading on Thursday. The stock's rally was fueled by two key developments:

Firstly, Susquehanna upgraded Evertec from Negative to Neutral and raised its price target to $30 from $28, citing the company's robust performance and growth prospects. This positive analyst action boosted investor confidence in the stock.

Secondly, Evertec reported strong financial results for the fourth quarter and full year 2024. Highlights included:

Record revenue of $845.5 million for 2024, up 22% year-over-year, driven by the successful integration of Sinqia acquisition and growth in Latin America.
Adjusted EBITDA of $340.2 million, up 17% year-over-year, with a margin of 40.2%.
Adjusted EPS of $3.28, up 16% year-over-year.
Returned $95 million to shareholders through share repurchases and dividends.

The company's strong performance, coupled with the analyst upgrade, fueled investor enthusiasm and drove the stock's pre-market surge.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The stock's rally was fueled by two key developments:</p>\n\n<p>Firstly, Susquehanna upgraded Evertec from Negative to Neutral and raised its price target to $30 from $28, citing the company's robust performance and growth prospects. This positive analyst action boosted investor confidence in the stock.</p>\n\n<p>Secondly, Evertec reported strong financial results for the fourth quarter and full year 2024. 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The stock's rally was fueled by two key developments:</p>\n\n<p>Firstly, Susquehanna upgraded Evertec from Negative to Neutral and raised its price target to $30 from $28, citing the company's robust performance and growth prospects. This positive analyst action boosted investor confidence in the stock.</p>\n\n<p>Secondly, Evertec reported strong financial results for the fourth quarter and full year 2024. Highlights included:\n<ul>\n<li>Record revenue of $845.5 million for 2024, up 22% year-over-year, driven by the successful integration of Sinqia acquisition and growth in Latin America.</li>\n<li>Adjusted EBITDA of $340.2 million, up 17% year-over-year, with a margin of 40.2%.</li>\n<li>Adjusted EPS of $3.28, up 16% year-over-year.</li>\n<li>Returned $95 million to shareholders through share repurchases and dividends.</li>\n</ul>\nThe company's strong performance, coupled with the analyst upgrade, fueled investor enthusiasm and drove the stock's pre-market surge.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1142986157","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142986157","pubTimestamp":1740666514,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Evertec , a leading payment processing company, surged 5.13% in pre-market trading on Thursday. 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