EVERTEC, Inc. engages in transaction processing business 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; and EBT services. In addition, it provides business process management solutions comprising core bank processing, network hosting and management, IT professional services, business process outsourcing, item and cash processing, and fulfillment solutions to financial institutions, and corporate and government customers. Further, the company owns and operates the ATH network, an automated teller machine and personal identification number debit networks. It manages a system of electronic payment networks that process approximately three billion transactions. The company sells and distributes its services primarily through direct sales force. It serves financial institutions, merchants, corporations, and government agencies. The company was formerly known as Carib Latam Holdings, Inc. EVERTEC, Inc. was founded in 1988 and is headquartered in San Juan, Puerto Rico.
IPO Year: 2013
Exchange: NYSE
Website: evertecinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $33.00 → $35.00 | Underweight → Equal-Weight | Morgan Stanley |
| 9/5/2024 | $38.00 → $28.00 | Neutral → Negative | Susquehanna |
| 2/25/2022 | $51.00 → $47.00 | Outperform | Raymond James |
| 1/24/2022 | $52.00 → $49.00 | Positive → Neutral | Susquehanna |
| 8/4/2021 | $35.00 → $36.00 | Underweight | Morgan Stanley |
| 8/4/2021 | $50.00 → $51.00 | Outperform | Raymond James |
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Announces acquisition of Grandata EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue increased 22% to $211.8 million GAAP Net Income attributable to common shareholders increased 146% to $24.7 million and increased 153% to $0.38 per diluted share Adjusted EBITDA increased 11% to $87.4 million and Adjusted earnings per common share increased 8% to $0.86 Share repurchases totaled $12.3 million. Closed on acquisition of 100% of Grandata Inc. ("Grandata") on October 30th Mac Schuessler, President and Chief Executive Officer stated, "We are pleased with our
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, November 6, 2024 at 4:30 p.m. ET to review third quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with third quarter 2024 financial results will be issued shortly after the market closes on Wednesday, November 6, 2024. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on October 17, 2024 to be paid on December 6, 2024 to stockholders of record as of October 28, 2024. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merc
Announces completion of accelerated share repurchase transaction EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenue increased 27% to $212.0 million GAAP Net Income attributable to common shareholders increased 13% to $31.9 million and increased 14% to $0.49 per diluted share Adjusted EBITDA increased 16% to $86.1 million and Adjusted earnings per common share increased 17% to $0.83 Completed the outstanding accelerated share repurchase on July 9, 2024. Mac Schuessler, President and Chief Executive Officer stated, "Our second quarter results exceeded
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on July 18, 2024 to be paid on September 6, 2024 to stockholders of record as of July 29, 2024. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of mercha
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, July 31, 2024 at 4:30 p.m. ET to review second quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with second quarter 2024 financial results will be issued shortly after the market closes on Wednesday, July 31, 2024. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and can
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it has successfully repriced the outstanding $540 Term Loan B (TLB) due in 2030. The repricing is leverage neutral and reduces the interest rate margins applicable to the TLB to SOFR + 325 basis points, a reduction of 25 basis points from SOFR + 350 basis points. No other terms were changed on the TLB. "We are pleased with the strong market demand for our debt, which provided an opportunity to further improve our capital structure and cash flow profile and demonstrates our strong performance and strong credit profile," stated Joaquin A. Castrillo-Salgado, Executive Vice-President and Chief Financial Officer. Abo
EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Revenue increased 28% to $205.3 million GAAP Net Income attributable to common shareholders decreased 47% to $16.0 million and decreased 48% to $0.24 per diluted share Adjusted EBITDA increased 16% to $78.2 million and Adjusted earnings per common share increased 4% to $0.72 Entered into an accelerated share repurchase (ASR) agreement for $70 million which is expected to be completed in the third quarter of 2024 Mac Schuessler, President and Chief Executive Officer stated, "We are pleased with our first quar
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on April 18, 2024 to be paid on June 7, 2024 to stockholders of record as of April 29, 2024. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merchant
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, May 1, 2024 at 4:30 p.m. ET to review first quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with first quarter 2024 financial results will be issued shortly after the market closes on Wednesday, May 1, 2024. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and can be ac
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EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") announced today that the Company's Board of Directors (the "Board") appointed Ms. Virginia Gambale as an independent director of the Board, effective May 25, 2023. Ms. Gambale is the founder and Managing Partner of Azimuth Partners, a strategic advisory firm that develops growth, innovation and transformation strategies and planning for technology companies. Prior to founding Azimuth in 2003, she worked at Deutsche Bank, where she was a General Partner & Managing Director of ABS Ventures, responsible for the management of the Tech Venture group and head of Deutsche Bank Strategic Ventures. Before Deutsche Bank, Ms. Gambale was the Chi
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced the appointment of Alberto López Gaffney as Executive Vice President of Corporate Development, effective on March 20th. Mr. Lopez Gaffney will lead the Company's global corporate development efforts. Mac Schuessler, President, and Chief Executive Officer stated, "I am excited to welcome Alberto to Evertec. He brings over 25 years of financial and deal experience and is very knowledgeable in Latin America, having led multiple M&A transactions, and has been an integral part in managing numerous successful integrations. Alberto's skills, expertise and experience will complement our executive team and advance our growth str
Announces acquisition of Grandata EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue increased 22% to $211.8 million GAAP Net Income attributable to common shareholders increased 146% to $24.7 million and increased 153% to $0.38 per diluted share Adjusted EBITDA increased 11% to $87.4 million and Adjusted earnings per common share increased 8% to $0.86 Share repurchases totaled $12.3 million. Closed on acquisition of 100% of Grandata Inc. ("Grandata") on October 30th Mac Schuessler, President and Chief Executive Officer stated, "We are pleased with our
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, November 6, 2024 at 4:30 p.m. ET to review third quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with third quarter 2024 financial results will be issued shortly after the market closes on Wednesday, November 6, 2024. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on October 17, 2024 to be paid on December 6, 2024 to stockholders of record as of October 28, 2024. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merc
Announces completion of accelerated share repurchase transaction EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenue increased 27% to $212.0 million GAAP Net Income attributable to common shareholders increased 13% to $31.9 million and increased 14% to $0.49 per diluted share Adjusted EBITDA increased 16% to $86.1 million and Adjusted earnings per common share increased 17% to $0.83 Completed the outstanding accelerated share repurchase on July 9, 2024. Mac Schuessler, President and Chief Executive Officer stated, "Our second quarter results exceeded
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on July 18, 2024 to be paid on September 6, 2024 to stockholders of record as of July 29, 2024. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of mercha
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, July 31, 2024 at 4:30 p.m. ET to review second quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with second quarter 2024 financial results will be issued shortly after the market closes on Wednesday, July 31, 2024. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and can
EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Revenue increased 28% to $205.3 million GAAP Net Income attributable to common shareholders decreased 47% to $16.0 million and decreased 48% to $0.24 per diluted share Adjusted EBITDA increased 16% to $78.2 million and Adjusted earnings per common share increased 4% to $0.72 Entered into an accelerated share repurchase (ASR) agreement for $70 million which is expected to be completed in the third quarter of 2024 Mac Schuessler, President and Chief Executive Officer stated, "We are pleased with our first quar
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on April 18, 2024 to be paid on June 7, 2024 to stockholders of record as of April 29, 2024. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merchant
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, May 1, 2024 at 4:30 p.m. ET to review first quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with first quarter 2024 financial results will be issued shortly after the market closes on Wednesday, May 1, 2024. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and can be ac
ANNOUNCES 2024 OUTLOOK EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights and Recent Highlights Revenue increased 20% to $194.6 million GAAP Net Income attributable to common shareholders was $11.5 million, or $0.17 per diluted share, a 61% decrease Adjusted EBITDA increased to $71.7 million Adjusted earnings per common share was $0.62, or a 6% decrease Closed the Sinqia acquisition on November 1 The Company intends to enter into an accelerated share repurchase (ASR) agreement for $70 million Full Year 2023 Highlights Revenue grew 12% to $694.7
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Morgan Stanley upgraded EVERTEC from Underweight to Equal-Weight and set a new price target of $35.00 from $33.00 previously
Susquehanna downgraded EVERTEC from Neutral to Negative and set a new price target of $28.00 from $38.00 previously
Raymond James reiterated coverage of Evertec with a rating of Outperform and set a new price target of $47.00 from $51.00 previously
Susquehanna downgraded EVERTEC from Positive to Neutral and set a new price target of $49.00 from $52.00 previously
Morgan Stanley reiterated coverage of Evertec with a rating of Underweight and set a new price target of $36.00 from $35.00 previously
Raymond James reiterated coverage of Evertec with a rating of Outperform and set a new price target of $51.00 from $50.00 previously
Morgan Stanley reiterated coverage of Evertec with a rating of Underweight and set a new price target of $35.00 from $34.00 previously
Morgan Stanley resumed coverage of EVERTEC with a rating of Underweight and set a new price target of $34.00
Morgan Stanley downgraded EVERTEC from Equal-Weight to Underweight and set a new price target of $34.00
Raymond James reiterated coverage of EVERTEC with a rating of Outperform and set a new price target of $43.00 from $39.00 previously
Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintains Evertec (NYSE:EVTC) with a Outperform and lowers the price target from $47 to $42.
Evertec (NYSE:EVTC) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.68 by 5.88 percent. The company reported quarterly sales of $205.30 million which beat the analyst consensus estimate of $202.24 million by 1.51 percent. This is a 28.46 percent increase over sales of $159.81 million the same period last year.
Evertec (NYSE:EVTC) reported its Q4 earnings results on Wednesday, February 28, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Evertec missed estimated earnings by -3.0%, reporting an EPS of $0.62 versus an estimate of $0.64. Revenue was up $32.83 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.15 which was followed by a 4.0% drop in the share price the next day. Here's a look at Evertec's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.65 0.66 0.60 0.65 EPS Actual 0.80 0.71 0.69 0.65 Revenue Estimate 156.98M 163.89M 152.16M 155.05M Revenue Actual 173.20M
Evertec (NYSE:EVTC) reported quarterly Adj earnings of $0.62 per share which missed the analyst consensus estimate of $0.64 by 3.13 percent. The company reported quarterly sales of $194.62 million which beat the analyst consensus estimate of $179.61 million by 8.36 percent. This is a 20.29 percent increase over sales of $161.79 million the same period last year.
Companies Reporting Before The Bell • ICL Group (NYSE:ICL) is likely to report quarterly earnings at $0.08 per share on revenue of $1.69 billion. • Golden Ocean Group (NASDAQ:GOGL) is likely to report quarterly earnings at $0.27 per share on revenue of $193.12 million. • Wallbox (NYSE:WBX) is likely to report earnings for its fourth quarter. • Immunocore Hldgs (NASDAQ:IMCR) is estimated to report quarterly loss at $0.28 per share on revenue of $67.23 million. • Royal Bank of Canada (NYSE:RY) is likely to report quarterly earnings at $2.08 per share on revenue of $9.95 billion. • TG Therapeutics (NASDAQ:TGTX) is likely to report quarterly loss at $0.10 per share on revenue of $40.06 mil
Morgan Stanley analyst James Faucette maintains Evertec (NYSE:EVTC) with a Underweight and raises the price target from $32 to $33.
Friday marks the last chance for investors to receive the next dividend payout from Evertec (NYSE:EVTC). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 5 cents per share. On Monday, Evertec will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own EVTC as of the end of Friday's session are eligible to receive the 5 cents dividend payout for every share