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NYSE:EVTC

EVERTEC (EVTC) Stock Forecast, Price & News

$36.45
-1.02 (-2.72%)
(As of 10/3/2023 ET)
Compare
Today's Range
$36.39
$37.30
50-Day Range
$36.45
$40.99
52-Week Range
$30.17
$42.03
Volume
171,726 shs
Average Volume
290,538 shs
Market Capitalization
$2.36 billion
P/E Ratio
10.75
Dividend Yield
0.55%
Price Target
$39.40

EVERTEC MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.1% Upside
$39.40 Price Target
Short Interest
Bearish
1.56% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of EVERTEC in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$172,108 Sold Last Quarter
Proj. Earnings Growth
13.75%
From $2.40 to $2.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.72 out of 5 stars

Business Services Sector

260th out of 308 stocks

Data Processing & Preparation Industry

52nd out of 63 stocks


EVTC stock logo

About EVERTEC (NYSE:EVTC) Stock

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 Price History

EVTC Stock News Headlines

BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Evertec (NYSE: EVTC)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
96,025
EVERTEC Reports Second Quarter 2023 Results
Earnings Outlook For Evertec
EVERTEC Reports First Quarter 2023 Results
3EVTC : Earnings Preview: Evertec
See More Headlines
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EVTC Company Calendar

Last Earnings
7/26/2023
Ex-Dividend for 9/1 Dividend
7/28/2023
Dividend Payable
9/01/2023
Today
10/03/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$39.40
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+8.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$239.01 million
Pretax Margin
39.26%

Debt

Sales & Book Value

Annual Sales
$618.41 million
Cash Flow
$3.59 per share
Book Value
$7.28 per share

Miscellaneous

Free Float
64,554,000
Market Cap
$2.36 billion
Optionable
Optionable
Beta
0.96
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Key Executives

  • Mr. Morgan M. Schuessler Jr. (Age 50)
    Pres, CEO & Director
  • Mr. Joaquin A. Castrillo-Salgado (Age 40)
    Exec. VP, Treasurer & CFO
    Comp: $1.14M
  • Mr. Diego Viglianco (Age 53)
    Exec. VP & COO
    Comp: $892.74k
  • Mr. Luis A. Rodríguez-GonzálezMr. Luis A. Rodríguez-González (Age 45)
    Exec. VP, Chief Legal & Admin. Officer and Sec.
    Comp: $1.04M
  • Mr. Miguel Vizcarrondo Carrión (Age 50)
    Exec. VP and Chief Product & Innovation Officer
  • Ms. Kay Sharpton
    VP of Investor Relations
  • Ms. Alexandra López-Soler (Age 51)
    Exec. VP & Chief Marketing Officer
  • Mr. Alberto Lopez Gaffney (Age 51)
    Chief Corp. Devel. Officer & Exec. VP of Corp. Devel.
  • Mr. Guillermo Rospigliosi (Age 49)
    Exec. VP & Group Head of Latin America
  • Ms. Paola Pérez Surillo (Age 39)
    Exec. VP & Group Head of Puerto Rico













EVTC Stock - Frequently Asked Questions

Should I buy or sell EVERTEC stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EVERTEC in the last twelve months. There are currently 1 sell 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 forecast for 2023?

2 Wall Street research analysts have issued 12 month price objectives for EVERTEC's stock. Their EVTC share price forecasts range from $29.00 to $50.00. On average, they expect the company's stock price to reach $39.40 in the next twelve months. This suggests a possible upside of 8.2% 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 2023?

EVERTEC's stock was trading at $32.38 at the beginning of the year. Since then, EVTC shares have increased by 12.5% and is now trading at $36.43.
View the best growth stocks for 2023 here
.

Are investors shorting EVERTEC?

EVERTEC saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 999,000 shares, an increase of 31.5% from the August 31st total of 759,900 shares. Based on an average daily volume of 240,100 shares, the days-to-cover ratio is presently 4.2 days. Approximately 1.6% of the company's shares are short sold.
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, November 1st 2023.
View our EVTC earnings forecast
.

How were EVERTEC's earnings last quarter?

EVERTEC, Inc. (NYSE:EVTC) released its earnings results on Wednesday, July, 26th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.61. The business services provider earned $167.08 million during the quarter, compared to the consensus estimate of $164.43 million. EVERTEC had a trailing twelve-month return on equity of 28.71% and a net margin of 35.42%.

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

EVERTEC announced a quarterly dividend on Thursday, July 20th. Investors of record on Monday, July 31st will be paid a dividend of $0.05 per share on Friday, September 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, July 28th.
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 0.54%. The dividend payout ratio is 5.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVTC will have a dividend payout ratio of 7.33% 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 updated its FY23 earnings guidance on Friday, July, 21st. The company provided earnings per share guidance of $2.75-2.83 for the period, compared to the consensus EPS estimate of $2.65. The company issued revenue guidance of $652-658 million, compared to the consensus revenue estimate of $648.81 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).

What is EVERTEC's stock symbol?

EVERTEC trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVTC."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is EVERTEC's stock price today?

One share of EVTC stock can currently be purchased for approximately $36.43.

How much money does EVERTEC make?

EVERTEC (NYSE:EVTC) has a market capitalization of $2.36 billion and generates $618.41 million in revenue each year. The business services provider earns $239.01 million in net income (profit) each year or $3.39 on an earnings per share basis.

How many employees does EVERTEC have?

The company employs 2,700 workers across the globe.

How can I contact EVERTEC?

EVERTEC's mailing address is Cupey Center Building Road 176 Kilometer 1.3, San Juan PR, 00926. The official website for the company is www.evertecinc.com. The business services provider can be reached via phone at (787) 759-9999, via email at ir@evertecinc.com, or via fax at 787-250-7356.

This page (NYSE:EVTC) was last updated on 10/3/2023 by MarketBeat.com Staff

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