About Evertec (NYSE:EVTC)
EVERTEC, Inc. is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually. It offers a range of services for core bank processing, cash processing and technology outsourcing. It owns and operates the ATH network, which is a personal identification number (PIN) debit network in Latin America. It serves a range of financial institutions, merchants, corporations and government agencies with solutions that enable them to issue, process and accept transactions securely. The Company's range of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions.
Industry, Sector and Symbol:
- Sector: Business Services
- Industry: IT Services & Consulting
- Sub-Industry: N/A
- Symbol: NYSE:EVTC
- CUSIP: N/A
- Web: www.evertecinc.com
- Market Cap: $1.05 billion
- Outstanding Shares: 72,381,000
- 50 Day Moving Avg: $16.68
- 200 Day Moving Avg: $16.96
- 52 Week Range: $14.15 - $19.52
Sales & Book Value:
- Trailing P/E Ratio: 13.61
- Foreward P/E Ratio: 8.98
- P/E Growth: 2.16
- Annual Revenue: $401.15 million
- Price / Sales: 2.63
- Book Value: $1.80 per share
- Price / Book: 8.08
- Annual Dividend: $0.40
- Dividend Yield: 2.8%
- EBITDA: $157.72 million
- Net Margins: 19.64%
- Return on Equity: 107.21%
- Return on Assets: 14.29%
- Debt-to-Equity Ratio: 4.22%
- Current Ratio: 1.22%
- Quick Ratio: 1.22%
- Average Volume: 596,415 shs.
- Beta: 1.2
- Short Ratio: 2.53
Frequently Asked Questions for Evertec (NYSE:EVTC)
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 declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.10 per share on Friday, September 8th. This represents a $0.40 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, 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, August, 1st. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.02. The business earned $103.51 million during the quarter, compared to analyst estimates of $100.21 million. Evertec had a return on equity of 107.21% and a net margin of 19.64%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. View Evertec's Earnings History.
When will Evertec make its next earnings announcement?
What guidance has Evertec issued on next quarter's earnings?
Evertec issued an update on its FY17 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $1.63-1.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.64. The company issued revenue guidance of $411-417 million, compared to the consensus revenue estimate of $399.74 million.
Where is Evertec's stock going? Where will Evertec's stock price be in 2017?
4 brokerages have issued 12-month target prices for Evertec's stock. Their predictions range from $17.00 to $20.00. On average, they expect Evertec's share price to reach $18.50 in the next twelve months. View Analyst Ratings for Evertec.
What are analysts saying about Evertec stock?
Here are some recent quotes from research analysts about Evertec stock:
- 1. According to Zacks Investment Research, "Evertec, Inc. is engaged in transaction processing business primarily in Latin America and the Caribbean. The Company operates through divisions which consist of Merchant Acquiring Solutions, Payment Processing and Business Solutions. It offers ATH network, payment processing, card products processing, electronic benefit transfer services, information technology services, database management services, printing centre and document mailing, cash processing, business processes outsourcing services as well as payment solutions, point-of-sale systems and accessories to receive payments. Evertec, Inc. is based in San Juan, Puerto Rico. " (10/16/2017)
- 2. Stifel Nicolaus analysts commented, "In our view, EVTC's better than expected 4Q results were more than offset by disappointing initial 2017 guidance. Additionally, we are concerned by the shrinking bellwether acquiring business, international attrition and continued macro headwinds in PR. On the positive side, we are encouraged by the newly announced acquisition of Chilean payments company PayGroup, which is the company's first meaningfully step toward international expansion. That said, the growth outlook remains challenged and coupled with continued margin pressure, we struggle to find reasons for optimism. Therefore despite an attractive valuation at just 10.4x 2018 EPS, we continue to believe a wait and see approach is best." (2/23/2017)
Who are some of Evertec's key competitors?
Some companies that are related to Evertec include Acxiom Corporation (ACXM), Syntel (SYNT), TeleTech Holdings (TTEC), Baozun (BZUN), Insight Enterprises (NSIT), AVEVA Group plc (AVV), Imperva (IMPV), Globant S.A. (GLOB), Presidio (PSDO), CSG Systems International (CSGS), ePlus inc. (PLUS), Web.com Group (WEB), Sykes Enterprises, Incorporated (SYKE), Barracuda Networks (CUDA), Computacenter plc (CCC), ManTech International Corporation (MANT), Endurance International Group Holdings (EIGI) and Virtusa Corporation (VRTU).
Who are Evertec's key executives?
Evertec's management team includes the folowing people:
- Frank G. D'Angelo, Independent Chairman of the Board
- Morgan M. Schuessler, President, Chief Executive Officer, Director
- Peter J. S. Smith, Chief Financial Officer, Executive Vice President, Treasurer
- Mariana Goldvarg, President - Latin America
- Philip E. Steurer, Executive Vice President, Chief Operating Officer
- Luis A. Rodriguez, Executive Vice President - Corporate Development and Strategy and General Counsel
- Guillermo Rospigliosi, Executive Vice President - Product, Marketing and Innovation
- Carlos J. Ramirez, Executive Vice President - Head of Business Solutions
- Miguel Vizcarrondo, Executive Vice President - Head of Merchant Acquiring Business and Payment Processing
- Nestor Obie Rivera, Director
Who bought Evertec stock? Who is buying Evertec stock?
How do I buy Evertec stock?
Shares of Evertec can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Evertec's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Evertec stock can currently be purchased for approximately $14.55.
Consensus Ratings for Evertec (NYSE:EVTC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$18.50 (27.15% upside)|Consensus Price Target History for Evertec (NYSE:EVTC)
Analysts' Ratings History for Evertec (NYSE:EVTC)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Morgan Stanley||Lower Price Target||Equal Weight||$18.00 -> $17.00||N/A|
|10/12/2017||Cowen and Company||Reiterated Rating||Hold||$20.00||N/A|
|9/28/2017||Stifel Nicolaus||Upgrade||Hold -> Buy||$18.00||High|
|1/12/2017||Compass Point||Downgrade||Buy -> Neutral||$19.00||N/A|
|7/29/2016||Deutsche Bank AG||Boost Price Target||Hold||$15.00 -> $18.00||N/A|
|5/12/2016||Bank of America Corporation||Reiterated Rating||Sell||N/A|
|2/18/2016||Goldman Sachs Group, Inc. (The)||Lower Price Target||Neutral||$16.00 -> $14.00||N/A|
Earnings History for Evertec (NYSE:EVTC)Earnings History by Quarter for Evertec (NYSE EVTC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||6/30/2017||$0.42||$0.44||$100.21 million||$103.51 million||View||Listen|
|5/3/2017||Q1||$0.39||$0.45||$98.66 million||$101.28 million||View||Listen|
|2/22/2017||Q416||$0.41||$0.43||$97.49 million||$101.89 million||View||Listen|
|11/2/2016||Q316||$0.40||$0.41||$95.29 million||$94.47 million||View||N/A|
|7/28/2016||Q216||$0.41||$0.43||$93.40 million||$97.70 million||View||Listen|
|5/11/2016||Q1||$0.40||$0.41||$92.12 million||$95.48 million||View||Listen|
|2/17/2016||Q415||$0.44||$0.44||$94.85 million||$95.50 million||View||Listen|
|11/4/2015||Q315||$0.42||$0.42||$91.38 million||$92.80 million||View||N/A|
|8/5/2015||Q215||$0.43||$0.44||$93.83 million||$93.20 million||View||N/A|
|5/6/2015||Q115||$0.40||$0.39||$89.40 million||$91.30 million||View||N/A|
|2/18/2015||Q414||$0.45||$0.44||$95.93 million||$93.50 million||View||N/A|
|11/5/2014||Q314||$0.40||$0.40||$92.40 million||$88.64 million||View||N/A|
|8/6/2014||Q214||$0.40||$0.41||$94.40 million||$91.10 million||View||N/A|
|5/7/2014||Q1 14||$0.39||$0.40||$91.26 million||$87.20 million||View||N/A|
|2/12/2014||Q413||$0.43||$91.00 million||$93.30 million||View||N/A|
|11/6/2013||Q313||$0.36||$83.80 million||$87.40 million||View||N/A|
|8/7/2013||Q2 2013||$0.35||$84.40 million||$89.20 million||View||N/A|
Earnings Estimates for Evertec (NYSE:EVTC)
Current Year EPS Consensus Estimate: $1.59 EPS
Next Year EPS Consensus Estimate: $1.62 EPS
Current Dividend Information for Evertec (NYSE:EVTC)
|Most Recent Dividend:||9/8/2017|
|Dividend Growth:||26.00% (3 Year Average)|
|Payout Ratio:||37.74% (Trailing 12 Months of Earnings) |
25.16% (Based on This Year's Estimates)
24.69% (Based on Next Year's Estimates)
Dividend History by Quarter for Evertec (NYSE EVTC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Evertec (NYSE:EVTC)
Insider Ownership Percentage: 1.42%Insider Trades by Quarter for Evertec (NYSE:EVTC)
Institutional Ownership Percentage: 77.96%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/23/2016||Miguel Vizcarrondo||Insider||Sell||30,000||$17.00||$510,000.00|| |
|9/21/2015||Carlos J Ramirez||EVP||Sell||37,500||$18.31||$686,625.00|| |
|6/22/2015||Carlos J Ramirez||EVP||Sell||50,000||$22.86||$1,143,000.00|| |
|5/7/2015||Miguel Vizcarrondo||EVP||Sell||50,000||$22.06||$1,103,000.00|| |
|4/21/2015||Carlos J Ramirez||EVP||Sell||50,000||$21.20||$1,060,000.00|| |
|3/6/2015||Carlos J Ramirez||EVP||Sell||3,367||$22.00||$74,074.00|| |
|12/18/2014||Peter Harrington||CEO||Sell||10,411||$22.18||$230,915.98|| |
|12/10/2014||Peter Harrington||CEO||Sell||10,550||$22.46||$236,953.00|| |
|12/8/2014||Peter Harrington||CEO||Sell||10,500||$22.46||$235,830.00|| |
|12/5/2014||Peter Harrington||CEO||Sell||136,010||$22.25||$3,026,222.50|| |
|11/28/2014||Peter Harrington||CEO||Sell||107,390||$22.31||$2,395,870.90|| |
|11/25/2014||Philip E Steurer||COO||Sell||68,238||$21.52||$1,468,481.76|| |
|11/13/2014||Carlos J Ramirez||EVP||Sell||3,300||$22.06||$72,798.00|| |
|9/25/2014||Philip E Steurer||COO||Sell||25,000||$22.13||$553,250.00|| |
|6/25/2014||Jimenez Juan Jose Roman||CFO||Sell||22,000||$24.80||$545,600.00|| |
|6/24/2014||Peter Harrington||CEO||Sell||50,000||$25.05||$1,252,500.00|| |
|5/28/2014||Jimenez Juan Jose Roman||CFO||Sell||1,700||$24.00||$40,800.00|| |
|5/12/2014||Carlos Ramirez||EVP||Sell||40,000||$22.94||$917,600.00|| |
|3/26/2014||Peter Harrington||CEO||Sell||50,000||$24.95||$1,247,500.00|| |
|12/13/2013||Popular Inc||Director||Sell||5,800,000||$20.33||$117,914,000.00|| |
|9/18/2013||Carlos Ramirez||EVP||Sell||30,000||$21.77||$653,100.00|| |
|9/18/2013||Popular Inc||Director||Sell||9,057,000||$21.77||$197,170,890.00|| |
|9/17/2013||Frank D'angelo||Director||Buy||10,000||$22.97||$229,700.00|| |
|4/17/2013||Philip E Steurer||COO||Buy||2,500||$20.00||$50,000.00|| |
Headline Trends for Evertec (NYSE:EVTC)
Latest Headlines for Evertec (NYSE:EVTC)
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Evertec (EVTC) Chart for Sunday, October, 22, 2017