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
Industry Data processing & preparation
Sub-IndustryN/A
SectorBusiness Services
Phone787-759-9999
Debt
Current Ratio1.73
Quick Ratio1.73
Price-To-Earnings
Sales & Book Value
Annual Sales$407.14 million
Price / Sales4.95
Price / Cash Flow11.60
Price / Book13.57
Profitability
Net Income$55.05 million
Net Margins16.52%
Return on Assets12.57%
Miscellaneous
Employees2,100
OptionableOptionable
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 declared a quarterly dividend on Friday, October 26th. Stockholders of record on Monday, November 5th will be paid a dividend of $0.05 per share on Friday, December 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, November 2nd. View Evertec's Dividend History.
How were Evertec's earnings last quarter?
Evertec Inc (NYSE:EVTC) issued its quarterly earnings results on Tuesday, October, 30th. The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The business services provider had revenue of $112.02 million for the quarter, compared to the consensus estimate of $108.94 million. Evertec had a net margin of 16.52% and a return on equity of 62.09%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. View Evertec's Earnings History.
When is Evertec's next earnings date?
How can I listen to Evertec's earnings call?
Evertec will be holding an earnings conference call on Wednesday, February 20th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883387153.
What guidance has Evertec issued on next quarter's earnings?
Evertec issued an update on its FY18 earnings guidance on Tuesday, October, 30th. The company provided earnings per share (EPS) guidance of $1.79-1.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.77. The company issued revenue guidance of $448-452 million, compared to the consensus revenue estimate of $443.92 million.
What price target have analysts set for EVTC?
9 brokers have issued 12-month price objectives for Evertec's stock. Their predictions range from $12.00 to $33.00. On average, they anticipate Evertec's stock price to reach $23.5714 in the next year. This suggests that the stock has a possible downside of 14.8%. View Analyst Price Targets for Evertec.
What is the consensus analysts' recommendation for Evertec?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Evertec in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Evertec.
Has Evertec been receiving favorable news coverage?
Headlines about EVTC stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Evertec earned a news sentiment score of 1.9 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future.
Who are some of Evertec's key competitors?
Some companies that are related to Evertec include RingCentral (RNG), Zendesk (ZEN), StoneCo (STNE), Proofpoint (PFPT), YY (YY), Bilibili (BILI), Pegasystems (PEGA), CarGurus (CARG), Zynga (ZNGA), Corelogic (CLGX), Five9 (FIVN), PagSeguro Digital (PAGS), Trivago (TRVG), Globant (GLOB) and Inovalon (INOV).
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. 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)
- Mr. Joaquín Castrillo, Exec. VP & CFO (Age 36)
Who are Evertec's major shareholders?
Evertec's stock is owned by a number of of institutional and retail investors. Top institutional investors include Copper Rock Capital Partners LLC (1.15%), Louisiana State Employees Retirement System (0.03%) and Navellier & Associates Inc (0.03%). Company insiders that own Evertec stock include Carlos J Ramirez, Diana I Rivera-Ramirez, Guillermo Rospigliosi, Luis A Rodriguez-Gonzalez, Miguel Vizcarrondo, Philip E Steurer and Tere Loubriel. View Institutional Ownership Trends for Evertec.
Which institutional investors are selling Evertec stock?
EVTC stock was sold by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC and Louisiana State Employees Retirement System. Company insiders that have sold Evertec company stock in the last year include Carlos J Ramirez, Diana I Rivera-Ramirez, Luis A Rodriguez-Gonzalez, Miguel Vizcarrondo, Philip E Steurer and Tere Loubriel. View Insider Buying and Selling for Evertec.
Which institutional investors are buying Evertec stock?
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 $27.68.
How big of a company is Evertec?
Evertec has a market capitalization of $2.06 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.
What is Evertec's official website?
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.
