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NYSE:EVTC

EVERTEC (EVTC) Stock Price, News & Analysis

$40.44
-0.80 (-1.94%)
(As of 02/28/2024 ET)
Today's Range
$40.43
$41.28
50-Day Range
$38.40
$42.22
52-Week Range
$31.55
$42.21
Volume
328,261 shs
Average Volume
227,887 shs
Market Capitalization
$2.61 billion
P/E Ratio
27.33
Dividend Yield
0.49%
Price Target
$41.33

EVERTEC MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.2% Upside
$41.33 Price Target
Short Interest
Bearish
1.98% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.01mentions of EVERTEC in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.95%
From $2.51 to $2.81 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.84 out of 5 stars

Business Services Sector

210th out of 307 stocks

Data Processing & Preparation Industry

43rd out of 60 stocks


EVTC stock logo

About EVERTEC Stock (NYSE:EVTC)

EVERTEC, Inc. engages in transaction processing business in Latin America and the Caribbean. The company operates through Payment Services - Puerto Rico & Caribbean; Payment Services - Latin America; Merchant Acquiring; and Business Solutions segments. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards. In addition, the company offers payment processing services that enable financial institutions and other issuers to manage, support, and facilitate the processing for credit, debit, prepaid, automated teller machines, and EBT card programs; credit and debit card processing, authorization and settlement, and fraud monitoring and control services to debit or credit issuers services. Further, it provides business process management solutions comprising core bank processing, network hosting and management, IT consulting, business process outsourcing, item and cash processing, and fulfillment solutions to financial institutions, and corporate and government customers. Additionally, the company owns and operates the ATH network, an automated teller machine and personal identification number debit networks. It manages a system of electronic payment networks that process approximately six billion transactions. The company sells and distributes its services primarily through direct sales force. It serves financial institutions, merchants, corporations, and government agencies. EVERTEC, Inc. was founded in 1988 and is headquartered in San Juan, Puerto Rico.

EVTC Stock Price History

EVTC Stock News Headlines

Here's what to expect from Evertec's earnings report
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
EVERTEC Reports Fourth Quarter and Full Year 2023 Results
EVERTEC (EVTC) Set to Announce Quarterly Earnings on Wednesday
EVTC Mar 2024 40.000 call
EVERTEC Declares Quarterly Dividend on Common Stock
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
EVERTEC Declares Quarterly Dividend on Common Stock
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Evertec Inc EVTC
The Evertec Inc (EVTC) Company: A Short SWOT Analysis
Evertec (EVTC) Q3 Earnings and Revenues Beat Estimates
See More Headlines
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Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 12/1 Dividend
10/27/2023
Dividend Payable
12/01/2023
Ex-Dividend for 3/15 Dividend
2/26/2024
Today
2/28/2024
Next Earnings (Confirmed)
2/28/2024
Dividend Payable
3/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Employees
2,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$41.33
High Stock Price Target
$50.00
Low Stock Price Target
$33.00
Potential Upside/Downside
+2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$239.01 million
Pretax Margin
16.23%

Debt

Sales & Book Value

Annual Sales
$618.41 million
Cash Flow
$3.60 per share
Book Value
$7.28 per share

Miscellaneous

Free Float
64,347,000
Market Cap
$2.61 billion
Optionable
Optionable
Beta
1.23
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EVTC Stock Analysis - Frequently Asked Questions

Should I buy or sell EVERTEC stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EVERTEC in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" EVTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EVTC, but not buy additional shares or sell existing shares.
View EVTC analyst ratings
or view top-rated stocks.

What is EVERTEC's stock price target for 2024?

3 brokerages have issued twelve-month target prices for EVERTEC's stock. Their EVTC share price targets range from $33.00 to $50.00. On average, they expect the company's share price to reach $41.33 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
View analysts price targets for EVTC
or view top-rated stocks among Wall Street analysts.

How have EVTC shares performed in 2024?

EVERTEC's stock was trading at $40.94 at the beginning of 2024. Since then, EVTC shares have decreased by 1.2% and is now trading at $40.4450.
View the best growth stocks for 2024 here
.

Are investors shorting EVERTEC?

EVERTEC saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,260,000 shares, an increase of 16.7% from the January 31st total of 1,080,000 shares. Based on an average daily volume of 278,300 shares, the short-interest ratio is presently 4.5 days. Currently, 2.0% of the shares of the stock are sold short.
View EVERTEC's Short Interest
.

When is EVERTEC's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our EVTC earnings forecast
.

How were EVERTEC's earnings last quarter?

EVERTEC, Inc. (NYSE:EVTC) posted its quarterly earnings data on Wednesday, October, 27th. The business services provider reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. The business services provider earned $145.90 million during the quarter, compared to the consensus estimate of $142.64 million. EVERTEC had a net margin of 14.65% and a trailing twelve-month return on equity of 32.30%. EVERTEC's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS.

How often does EVERTEC pay dividends? What is the dividend yield for EVERTEC?

EVERTEC announced a quarterly dividend on Thursday, February 15th. Stockholders of record on Tuesday, February 27th will be paid a dividend of $0.05 per share on Friday, March 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, February 26th.
Read our dividend analysis for EVTC
.

Is EVERTEC a good dividend stock?

EVERTEC (NYSE:EVTC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.49%. The dividend payout ratio is 13.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVTC will have a dividend payout ratio of 7.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVTC.

What guidance has EVERTEC issued on next quarter's earnings?

EVERTEC issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of 2.820-2.940 for the period, compared to the consensus estimate of 2.970. The company issued revenue guidance of $844.0 million-$854.0 million, compared to the consensus revenue estimate of $779.5 million.

What is Mac Schuessler's approval rating as EVERTEC's CEO?

2 employees have rated EVERTEC Chief Executive Officer Mac Schuessler on Glassdoor.com. Mac Schuessler has an approval rating of 65% among the company's employees.

What other stocks do shareholders of EVERTEC own?

Based on aggregate information from My MarketBeat watchlists, some companies that other EVERTEC investors own include Advanced Micro Devices (AMD), AbbVie (ABBV), KeyCorp (KEY), OPKO Health (OPK), Cree (CREE), Cisco Systems (CSCO), Energy Transfer (ET), Etsy (ETSY), International Business Machines (IBM) and Pfizer (PFE).

Who are EVERTEC's major shareholders?

EVERTEC's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.53%), Capital International Investors (4.85%), River Road Asset Management LLC (3.20%), Dimensional Fund Advisors LP (2.58%), Victory Capital Management Inc. (2.01%) and Northern Trust Corp (1.44%). Insiders that own company stock include Castillo Rodrigo Del, Diego Viglianco, Guillermo Rospigliosi, Joaquin A Castrillo-Salgado, Luis A Rodriguez-Gonzalez, Luis A Rodriguez-Gonzalez, Morgan M Schuessler, Paola Perez-Surillo, Philip E Steurer and Popular, Inc.
View institutional ownership trends
.

How do I buy shares of EVERTEC?

Shares of EVTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EVTC) was last updated on 2/28/2024 by MarketBeat.com Staff