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NYSE:EVTCEvertec Stock Price, Forecast & News

$30.13
-0.04 (-0.13 %)
(As of 06/4/2020 02:19 PM ET)
Add
Compare
Today's Range
$29.80
Now: $30.13
$30.25
50-Day Range
$22.70
MA: $25.81
$29.60
52-Week Range
$18.21
Now: $30.13
$37.38
Volume204,280 shs
Average Volume435,793 shs
Market Capitalization$2.17 billion
P/E Ratio22.32
Dividend Yield0.67%
Beta1.03
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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Evertec logo

Beat the Market (BTM) Rank

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

Overall Beat the Market Rank

1.86 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$487.37 million
Cash Flow$2.96 per share
Book Value$3.78 per share

Profitability

Net Income$103.47 million

Miscellaneous

Employees2,300
Market Cap$2.17 billion
Next Earnings Date7/29/2020 (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 shares have increased by 13.8% and is now trading at $30.10. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Evertec?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Evertec in the last year. There are currently 1 hold rating and 2 buy ratings 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, July 29th 2020. View our earnings forecast for Evertec.

How were Evertec's earnings last quarter?

Evertec Inc (NYSE:EVTC) posted its quarterly earnings results on Friday, May, 8th. The business services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The business services provider earned $121.94 million during the quarter, compared to analyst estimates of $119.11 million. Evertec had a return on equity of 51.05% and a net margin of 20.19%. View Evertec's earnings history.

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

Evertec declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Monday, May 4th will be paid a dividend of $0.05 per share on Friday, June 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Friday, May 1st. View Evertec's dividend history.

What price target have analysts set for EVTC?

3 brokers have issued 1-year target prices for Evertec's stock. Their forecasts range from $29.00 to $36.00. On average, they anticipate Evertec's stock price to reach $32.33 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price. View analysts' price targets for Evertec.

Has Evertec been receiving favorable news coverage?

News headlines about EVTC stock have trended somewhat negative on Thursday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Evertec earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutEvertec.

Are investors shorting Evertec?

Evertec saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,330,000 shares, an increase of 8.4% from the April 30th total of 2,150,000 shares. Based on an average daily volume of 474,400 shares, the days-to-cover ratio is presently 4.9 days. Approximately 3.3% of the company's stock are sold short. 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), AbbVie (ABBV), Huntington Bancshares (HBAN), IBM (IBM), Opko Health (OPK), Aurora Cannabis (ACB), Boeing (BA), Caterpillar (CAT), Cisco Systems (CSCO) and Energy Transfer LP Unit (ET).

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (12.32%), State Street Corp (2.66%), Fuller & Thaler Asset Management Inc. (2.46%), Bank of New York Mellon Corp (1.63%), Robeco Institutional Asset Management B.V. (1.63%) and Geode Capital Management LLC (1.42%). 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 selling Evertec stock?

EVTC stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., BlackRock Inc., UBS Group AG, AQR Capital Management LLC, Federated Hermes Inc., Morgan Stanley, and Morgan Stanley. Company insiders that have sold Evertec company stock in the last year include Luis A Rodriguez-Gonzalez, and Morgan M Schuessler. View insider buying and selling activity for Evertec.

Which major investors are buying Evertec stock?

EVTC stock was bought by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Robeco Institutional Asset Management B.V., Capital International Investors, Deutsche Bank AG, Grantham Mayo Van Otterloo & Co. LLC, Waddell & Reed Financial Inc., State Street Corp, and The Manufacturers Life Insurance Company . 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 $30.10.

How big of a company is Evertec?

Evertec has a market capitalization of $2.17 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.

What is Evertec's official website?

The official website for Evertec is 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 6/4/2020 by MarketBeat.com Staff

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