EVERTEC, Inc. and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services - Puerto Rico & Caribbean, Payment Services - Latin America, Merchant Acquiring, and Business Solutions. 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. The company also 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; payment and billing products for merchants, businesses, and financial institutions; and EBT services. In addition, it provides business process management solutions comprising core bank processing, network hosting and management, IT consulting services, business process outsourcing, item and cash processing, and fulfillment solutions to financial institutions, and corporate and government customers. The company manages a system of electronic payment networks that process approximately two billion transactions. It sells and distributes its services primarily through a proprietary direct sales force, as well as various indirect sales channels, including value-added resellers. The company was formerly known as Carib Latam Holdings, Inc. EVERTEC, Inc. was founded in 1988 and is headquartered in San Juan, Puerto Rico.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Data processing & preparation
Sub-IndustryN/A
SectorBusiness Services
SymbolNYSE:EVTC
CUSIPN/A
Phone787-759-9999
Debt
Debt-to-Equity Ratio2.77
Current Ratio1.63
Quick Ratio1.63
Price-To-Earnings
Trailing P/E Ratio16.67
Forward P/E Ratio15.51
P/E GrowthN/A
Sales & Book Value
Annual Sales$407.14 million
Price / Sales4.38
Cash Flow$2.4525 per share
Price / Cash9.99
Book Value$2.04 per share
Price / Book12.01
Profitability
EPS (Most Recent Fiscal Year)$1.47
Net Income$55.05 million
Net Margins12.91%
Return on Equity64.95%
Return on Assets11.85%
Miscellaneous
Employees2,100
Outstanding Shares72,720,000
Market Cap$1.77 billion
Evertec (NYSE:EVTC) Frequently Asked Questions
What is Evertec's stock symbol?
Evertec trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVTC."
How often does Evertec pay dividends? What is the dividend yield for Evertec?
Evertec announced a quarterly dividend on Thursday, July 26th. Investors of record on Monday, August 6th will be given a dividend of $0.05 per share on Friday, September 7th. This represents a $0.20 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, August 3rd. View Evertec's Dividend History.
How were Evertec's earnings last quarter?
Evertec Inc (NYSE:EVTC) released its quarterly earnings results on Tuesday, July, 31st. The business services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The business services provider earned $113.35 million during the quarter, compared to analyst estimates of $111.77 million. Evertec had a net margin of 12.91% and a return on equity of 64.95%. Evertec's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. View Evertec's Earnings History.
When is Evertec's next earnings date?
What guidance has Evertec issued on next quarter's earnings?
Evertec issued an update on its FY18 earnings guidance on Tuesday, July, 31st. The company provided earnings per share guidance of $1.68-1.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.67. The company issued revenue guidance of $435-445 million, compared to the consensus revenue estimate of $437.95 million.
What price target have analysts set for EVTC?
8 analysts have issued twelve-month price objectives for Evertec's stock. Their predictions range from $12.00 to $25.00. On average, they expect Evertec's stock price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 18.4%. View Analyst Price Targets for Evertec.
What is the consensus analysts' recommendation for Evertec?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Evertec in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Evertec.
Who are some of Evertec's key competitors?
Some companies that are related to Evertec include RingCentral (RNG), Zendesk (ZEN), Proofpoint (PFPT), YY (YY), CarGurus (CARG), DST Systems (DST), Pegasystems (PEGA), Corelogic (CLGX), PagSeguro Digital (PAGS), Acxiom (ACXM), Zynga (ZNGA), Bilibili (BILI), Smartsheet (SMAR), Five9 (FIVN) and Yext (YEXT).
Who are Evertec's key executives?
Evertec's management team includes the folowing people:
- Mr. Morgan M. Schuessler Jr., Pres, CEO & Director (Age 45)
- Mr. Peter J. S. Smith, Exec. VP, Treasurer & CFO (Age 51)
- Mr. Philip E. Steurer, Exec. VP & COO (Age 49)
- Mr. Guillermo Rospigliosi, Exec. VP of Product, Marketing & Innovation (Age 44)
- Mr. Miguel Vizcarrondo, Exec. VP of Payment Services, Puerto Rico & Caribbean, Bus. Solutions and Merchant Acquiring (Age 45)
Has Evertec been receiving favorable news coverage?
News headlines about EVTC stock have been trending positive on Sunday, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Evertec earned a daily sentiment score of 0.26 on Accern's scale. They also gave media stories about the business services provider an impact score of 47.62 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for Evertec.
Who are Evertec's major shareholders?
Evertec's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.64%), FMR LLC (9.25%), Bank of Montreal Can (2.97%), American Century Companies Inc. (1.95%), Millennium Management LLC (1.94%) and Pzena Investment Management LLC (1.63%). Company insiders that own Evertec stock include Guillermo Rospigliosi, Miguel Vizcarrondo and Philip E Steurer. View Institutional Ownership Trends for Evertec.
Which major investors are selling Evertec stock?
EVTC stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, American Century Companies Inc., Pzena Investment Management LLC, Sapience Investments LLC, Bank of America Corp DE, LSV Asset Management, Boston Partners and Brandes Investment Partners LP. View Insider Buying and Selling for Evertec.
Which major investors are buying Evertec stock?
EVTC stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Copper Rock Capital Partners LLC, BlackRock Inc., Waddell & Reed Financial Inc., Castleark Management LLC, Dimensional Fund Advisors LP, TD Asset Management Inc. and SG Americas Securities LLC. View Insider Buying and Selling for Evertec.
How do I buy shares of Evertec?
Shares of EVTC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Evertec's stock price today?
One share of EVTC stock can currently be purchased for approximately $24.50.
How big of a company is Evertec?
Evertec has a market capitalization of $1.77 billion and generates $407.14 million in revenue each year. The business services provider earns $55.05 million in net income (profit) each year or $1.47 on an earnings per share basis. Evertec employs 2,100 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 business services provider can be reached via phone at 787-759-9999 or via email at [email protected]
MarketBeat Community Rating for Evertec (NYSE EVTC)
MarketBeat's community ratings are surveys of what our community members think about Evertec and other stocks. Vote "Outperform" if you believe EVTC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EVTC will underperform the S&P 500 over the long term. You may vote once every thirty days.
