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NYSE:EVTCEvertec Stock Price, Forecast & News

$22.95
+2.67 (+13.17 %)
(As of 04/7/2020 08:26 AM ET)
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Today's Range
$21.15
Now: $22.95
$23.10
50-Day Range
$18.83
MA: $26.58
$34.79
52-Week Range
$18.21
Now: $22.95
$37.38
Volume419,400 shs
Average Volume634,475 shs
Market Capitalization$1.65 billion
P/E Ratio16.28
Dividend Yield0.99%
Beta1.01
EVERTEC, Inc. engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates in 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; 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. The company was formerly known as Carib Latam Holdings, Inc. EVERTEC, Inc. was founded in 1988 and is based in San Juan, Puerto Rico.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.30 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorBusiness Services
CUSIPN/A
Phone787-759-9999

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$487.37 million
Cash Flow$3.31 per share
Book Value$3.78 per share

Profitability

Net Income$103.47 million

Miscellaneous

Employees2,300
Market Cap$1.65 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Evertec (NYSE:EVTC) Frequently Asked Questions

How has Evertec's stock been impacted by COVID-19 (Coronavirus)?

Evertec's stock was trading at $26.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, EVTC stock has decreased by 13.2% and is now trading at $22.95. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Evertec?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Evertec in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Evertec.

When is Evertec's next earnings date?

Evertec is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Evertec.

How were Evertec's earnings last quarter?

Evertec Inc (NYSE:EVTC) posted its earnings results on Tuesday, February, 25th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business services provider had revenue of $127.19 million for the quarter, compared to analysts' expectations of $121.69 million. Evertec had a net margin of 21.23% and a return on equity of 54.99%. The business's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. View Evertec's earnings history.

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

Evertec announced a quarterly dividend on Thursday, February 20th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.05 per share on Friday, April 3rd. This represents a $0.20 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, March 3rd. View Evertec's dividend history.

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

Evertec updated its FY20 earnings guidance on Tuesday, February, 25th. The company provided EPS guidance of $2.00-2.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.17. The company issued revenue guidance of $501-508 million, compared to the consensus revenue estimate of $505.81 million.

What price target have analysts set for EVTC?

1 analysts have issued 1-year target prices for Evertec's shares. Their forecasts range from $36.00 to $36.00. On average, they expect Evertec's stock price to reach $36.00 in the next twelve months. This suggests a possible upside of 56.9% from the stock's current price. View analysts' price targets for Evertec.

Has Evertec been receiving favorable news coverage?

News stories about EVTC stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Evertec earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutEvertec.

Are investors shorting Evertec?

Evertec saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,928,100 shares, an increase of 10.8% from the February 27th total of 1,740,000 shares. Based on an average daily volume of 387,300 shares, the days-to-cover ratio is currently 5.0 days. Approximately 3.2% of the shares of the company are short sold. View Evertec's Current Options Chain.

Who are some of Evertec's key competitors?

What other stocks do shareholders of Evertec own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Evertec investors own include KeyCorp (KEY), Snap (SNAP), Huntington Bancshares (HBAN), Roku (ROKU), AbbVie (ABBV), IBM (IBM), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Docusign (DOCU) and Etsy (ETSY).

Who are Evertec's key executives?

Evertec's management team includes the following people:
  • Mr. Morgan M. Schuessler Jr., Pres, CEO & Director (Age 46)
  • Mr. Philip E. Steurer, Exec. VP & COO (Age 50)
  • Mr. Luis A. Rodríguez-González, Exec. VP, Sec. and Gen. Counsel – Legal, Compliance & Corp. Devel. (Age 41)
  • Mr. Miguel Vizcarrondo Carrión, Exec. VP of Payment Services, Puerto Rico & Caribbean, Bus. Solutions and Merchant Acquiring (Age 46)
  • Mr. Joaquin A. Castrillo-Salgado, Exec. VP & CFO (Age 36)

What is Evertec's stock symbol?

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

Who are Evertec's major shareholders?

Evertec's stock is owned by a variety of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.07%). Company insiders that own Evertec stock include Carlos J Ramirez, Diana I Rivera-Ramirez, Frank G D'angelo, Guillermo Rospigliosi, Luis A Rodriguez-Gonzalez, Miguel Vizcarrondo, Morgan M Schuessler, Philip E Steurer and Tere Loubriel. View institutional ownership trends for Evertec.

Which major investors are buying Evertec stock?

EVTC stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Evertec's stock price today?

One share of EVTC stock can currently be purchased for approximately $22.95.

How big of a company is Evertec?

Evertec has a market capitalization of $1.65 billion and generates $487.37 million in revenue each year. The business services provider earns $103.47 million in net income (profit) each year or $1.81 on an earnings per share basis. Evertec employs 2,300 workers across the globe. View additional information about Evertec.

What is Evertec's official website?

The official website for Evertec is http://www.evertecinc.com/.

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]

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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