Moving Focused Stock: EVERTEC, Inc. (NYSE: EVTC)

On 14 Nov 2019, EVERTEC, Inc. (NYSE: EVTC) spotted trading -17.84% off 52-week high price. On the other end, the stock has been noted 22.20% away from the low price over the last 52-weeks. The stock changed 0.95% to recent value of $30.71. The stock transacted 255330 shares during most recent day however it has an average volume of 383.36K shares. The company has 71.05M of outstanding shares and 59.82M shares were floated in the market.

EVERTEC, Inc. (EVTC) recently reported results for the third quarter ended September 30, 2019.

Third Quarter 2019 Highlights

  • Revenue grew 6% to $118.8M
  • GAAP Net Income attributable to ordinary shareholders was $24.8M or $0.34 per diluted share
  • Adjusted EBITDA increased 6% to $55.5M
  • Adjusted earnings per ordinary share was $0.47, a raise of 4%

Nine-Month Year-to-Date 2019 Highlights

  • Revenue grew 7% to $360.2M
  • GAAP Net Income attributable to ordinary shareholders was $78.5M or $1.07 per diluted share
  • Adjusted EBITDA increased 7% to $170.9M
  • Adjusted earnings per ordinary share was $1.48, a raise of 7%

Third Quarter 2019 Results

Revenue. Total revenue for the quarter ended September 30, 2019 was $118.8M, a raise of 6% contrast with $112.0M in the previous year. Revenue increase in the quarter reflected growth across all sections and included benefits from value added solutions, new managed services and other pricing actions. Additionally, increased revenue was driven by the completion of projects representing about $2.0M.

Net Income attributable to ordinary shareholders. For the quarter ended September 30, 2019, GAAP Net Income attributable to ordinary shareholders was $24.8M, or $0.34 per diluted share, a raise of $1.8M or $0.03 per diluted share as contrast to the previous year.

Adjusted EBITDA. For the quarter ended September 30, 2019, Adjusted EBITDA was $55.5M, a raise of 6% contrast to the previous year. Adjusted EBITDA margin (Adjusted EBITDA as a percentage of total revenues) was 46.7%, a raise of about 20 basis points from the previous year. The year over year increase in margin primarily reflects the benefit of increased revenue and higher margin completed projects in the quarter, partially offset by the impact of an elevated average ticket last year as a result of disaster relief spending that drove higher than normal margins in 2018 and the impact of delayed government contracts in the third quarter of 2019.

Adjusted Net Income. For the quarter ended September 30, 2019, Adjusted Net Income was $34.6M, a raise of 3% contrast with $33.6M in the previous year and included the impact of a higher effective tax rate in the current year. Adjusted earnings per ordinary share was $0.47, a raise of 4% contrast to $0.45 in the previous year.

 Its earnings per share (EPS) expected to touch remained 53.50% for this year while earning per share for the next 5-years is expected to reach at 7.97%. EVTC has a gross margin of 57.10% and an operating margin of 28.90% while its profit margin remained 20.60% for the last 12 months. According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.84% from the mean of 20 days, -3.67% from mean of 50 days SMA and performed -0.31% from mean of 200 days price. Company’s performance for the week was 2.61%, -2.60% for month and YTD performance remained 7.00%.

 

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