Last $23.05 USD
Change Today +0.21 / 0.92%
Volume 65.6K
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As of 1:07 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

evertec inc (EVTC) Snapshot

Open
$22.83
Previous Close
$22.84
Day High
$23.09
Day Low
$22.58
52 Week High
01/23/14 - $26.33
52 Week Low
10/14/13 - $20.64
Market Cap
1.8B
Average Volume 10 Days
321.4K
EPS TTM
$0.93
Shares Outstanding
78.7M
EX-Date
08/14/14
P/E TM
24.8x
Dividend
$0.40
Dividend Yield
1.74%
Current Stock Chart for EVERTEC INC (EVTC)

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evertec inc (EVTC) Details

EVERTEC, Inc. provides various transaction processing services in Latin America and the Caribbean. The company operates in three segments: Merchant Acquiring, Payment Processing, and Business Solutions. The Merchant Acquiring segment provides various merchant acquiring services, which enable point of sales (POS), and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards. The Payment Processing segment provides authorization, processing, management, and recording of automated teller machine (ATM) and POS transactions, as well as ATM management and monitoring services. It also offers card processing services, including credit and debit card processing, authorization and settlement, and fraud monitoring and control services to debit or credit issuers; payment processing services comprising payment and billing products for merchants, businesses, and financial institutions; and EBT services. The Business Solutions segment provides business process management solutions, which include core bank processing, network hosting and management, IT consulting services, business process outsourcing, item and cash processing, and fulfillment solutions to financial institution, corporate, and government customers. It manages a system of electronic payment networks that process approximately 2.1 billion transactions. The company was formerly known as Carib Latam Holdings, Inc. EVERTEC, Inc. is headquartered in San Juan, Puerto Rico.

1,717 Employees
Last Reported Date: 03/17/14

evertec inc (EVTC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $520.8K
Chief Financial Officer, Principal Financial ...
Total Annual Compensation: $390.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $193.1K
Head of Business Solutions and Executive Vice...
Total Annual Compensation: $244.8K
Head of Merchant Acquiring Business & Payment...
Total Annual Compensation: $244.8K
Compensation as of Fiscal Year 2013.

evertec inc (EVTC) Key Developments

EVERTEC, Inc. Announces Board of Directors Changes

EVERTEC, Inc. announced that effective September 1, 2014, Ms. Olga Botero will be joining the Company's Board of Directors as an independent director and member of the Board of Director's Nominating and Corporate Governance Committee. Botero has more than 20 years of experience in IT leadership roles in the financial service, telecom and technology sectors both in Colombia and abroad. She has board experience and strong institutional ties to the software, distribution/retail and financial services communities in Colombia. With a strong academic background and professional experience in business management, marketing and strategic planning, Ms. Botero has been a consultant since 2011. Botero fills a vacancy on the EVERTEC Board of Directors, will be replacing Mr. D'Angelo as a member of the Nominating and Corporate Governance Committee and satisfies the NYSE director independence requirements.

EVERTEC, Inc. Provides Earnings Guidance for the Year 2014

EVERTEC, Inc. provided earnings guidance for the year 2014. For the year, the company expects total revenue growth to be between 3% to 4%, compared with prior outlook of 5% to 7% growth. Revenue guidance reflect greater risk to the hardware and software portion of Business Solutions segment. The company continue to expect adjusted EBITDA growth of at least 100 basis points higher than revenue growth and fully diluted earnings per share of the between $1.65 and $1.71. The company expects cash income tax expense of $2 million compared to $3 million previously. The 2014 effective tax rate outlook on a GAAP basis remains between 10% and 12%. In addition, adjusted EPS guidance of $1.65 to $1.71 remains unchanged.

EVERTEC, Inc. Declares Regular Quarterly Dividend, Payable on September 5, 2014; Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

EVERTEC, Inc. announced that its Board of Directors has declared a regular quarterly dividend of $0.10 per share to be paid on September 5, 2014 to stockholders of record as of August 18, 2014. The company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues were $91,121,000 compared to $89,175,000 a year ago. Revenue growth in the quarter was driven mainly by an increase in transaction volumes. Income from operations was $25,429,000 against $16,938,000 a year ago. Income before income taxes was $19,735,000 against loss of $69,947,000 a year ago. Net income was $17,773,000 or $0.22 per basic and diluted share against loss of $64,935,000 or $0.82 per basic and diluted share a year ago. EBITDA was $42,547,000 against LBITDA of $42,407,000 a year ago. Adjusted EBITDA was $45,523,000 against $43,431,000 a year ago. Adjusted net income was $32,185,000 or $0.41 per diluted share against $28,874,000 or $0.35 per diluted share a year ago. For the six months, the company reported total revenues of $178,331,000 against $176,514,000 a year ago. Income from operations was $50,318,000 against $37,337,000 a year ago. Income before income taxes was $40,102,000 against loss before income taxes of $64,424,000 a year ago. Net income was $35,979,000 or $0.45 per basic and diluted share against net loss of $59,463,000 or $0.78 per basic and diluted share a year ago. Net cash provided by operating activities was $67,537,000 against net cash used in operating activities of $13,902,000 a year ago. Intangible assets acquired were $5,841,000 against $7,927,000 a year ago. Property and equipment acquired was $3,895,000 against $4,384,000 a year ago. LBITDA was $4,089,000 against EBITDA of $61,742,000 a year ago. Adjusted EBITDA was $90,747,000 against $85,182,000 a year ago. Adjusted net income was $64,171,000 or $0.81 per diluted share against $56,362,000 or $0.70 per diluted share a year ago.

 

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Industry Analysis

EVTC

Industry Average

Valuation EVTC Industry Range
Price/Earnings 26.0x
Price/Sales 5.0x
Price/Book 14.2x
Price/Cash Flow 12.9x
TEV/Sales 3.0x
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