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VeriFone Systems Inc (NYSE:PAY) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.42-1.44 for the period, compared to the Thomson Reuters consensus estimate of $1.43, Analyst Ratings Net reports. The company issued revenue guidance of $1.825-1.835 billion, compared to the consensus revenue estimate of $1.80 billion.VeriFone Systems also updated its Q3 guidance to $0.33-0.34 EPS.

A number of analysts have recently weighed in on PAY shares. Analysts at Susquehanna downgraded shares of VeriFone Systems from a positive rating to a neutral rating in a research note on Monday, May 19th. On a related note, analysts at Zacks upgraded shares of VeriFone Systems from an underperform rating to a neutral rating in a research note on Friday, May 16th. They now have a $35.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of VeriFone Systems in a research note on Monday, May 12th. They set an overweight rating and a $21.00 price target on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $30.73.

Shares of VeriFone Systems Inc (NYSE:PAY) traded down 0.09% during mid-day trading on Thursday, hitting $33.82. 2,363,628 shares of the company’s stock traded hands. VeriFone Systems Inc has a one year low of $15.34 and a one year high of $35.38. The stock has a 50-day moving average of $33.21 and a 200-day moving average of $29.73. The company’s market cap is $3.758 billion.

VeriFone Systems (NYSE:PAY) last issued its quarterly earnings data on Thursday, June 5th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $467.00 million for the quarter, compared to the consensus estimate of $443.42 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that VeriFone Systems Inc will post $1.43 earnings per share for the current fiscal year.

VeriFone Systems, Inc (NYSE:PAY), formerly VeriFone Holdings, Inc, is a holding company for VeriFone, Inc The Company is engaged in the secure electronic payment solutions.

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