 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
EVERTEC, Inc. (EVTC) engages 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. Shares have formed a bullish "flag" following the company's latest quarterly report. Higher share pirces are expected.
On July 31, 2019, Evertec reported 2nd Quarter June 2019 earnings of $0.47 per share on revenue of $122.5 million. The consensus earnings estimate was $0.44 per share on revenue of $117.6 million. Revenue grew 8.1% on a year-over-year basis.
The company said it expects 2019 non-GAAP earnings of $1.92 to $1.98 per share on revenue of $477.0 million to $482.0 million. The company's previous guidance was earnings of $1.84 to $1.92 per share on revenue of $469.0 million to $476.0 million and the current consensus earnings estimate is $1.91 per share on revenue of $473.8 million for the year ending December 31, 2019.
Entry Point: $35.50
Trading Range: $22.41 - $37.38
Stop Loss: $33.70
Target Price: $39.05
closed at $30
