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

Stock Track

Feb 27, 2025

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.

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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":"EVTC","symbol_name":"Evertec Inc.","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. 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. High","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EVTC":"Evertec Inc."},"translate_title":"股票跟踪Evertec因分析师升级和强劲盈利而盘前飙升5.13%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVTC":1},"content_text":"Shares of Evertec (NYSE: EVTC), a leading payment processing company, surged 5.13% in pre-market trading on Thursday. 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