VeriFone Systems (PAY) Posts Quarterly Results
VeriFone Systems (NYSE:PAY) announced its earnings results on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33, StockRatingsNetwork.com reports. The company had revenue of $467.00 million for the quarter, compared to the consensus estimate of $443.42 million.
Several analysts have recently commented on the stock. 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 the ratings front, 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.73.
Shares of VeriFone Systems (NYSE:PAY) traded down 0.09% during mid-day trading on Thursday, hitting $33.82. 2,097,038 shares of the company’s stock traded hands. VeriFone Systems has a 52-week low of $15.34 and a 52-week high of $35.38. The stock’s 50-day moving average is $33.21 and its 200-day moving average is $29.73. The company’s market cap is $3.758 billion.
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.